Plain Text Law

Sec. 10-235.11. Contribution to the Fund

Codified through Bill No. CB-018-2026, adopted May 12, 2026, effective July 24, 2026. Source: Municode, Supplement 2026 Update 2. Editorial notes and legislative history omitted.

Prince George's County, Md., Code § 10-235.11 (2026)

Sec. 10-235.11. Contribution to the FundCopy Citation

Pursuant to the requirement contained in Subsection 9-229(c)(2), Tax-Property Article, Annotated Code of Maryland, for each year of the credit period, Prince George's County shall contribute to the Maryland Economic Development Assistance Fund under Section 5-313(8), Economic Development Article, Annotated Code of Maryland, an amount equal to 30% of the property tax attributable to the increase in the assessment of the qualified brownfields site during the credit period, over the assessment of the qualified brownfields site before the voluntary cleanup or corrective action plan.