Sec. 13-1156. Purpose and legislative intent
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 § 13-1156 (2026)
Sec. 13-1156. Purpose and legislative intentLinkCopy Citation
(a)
It is the intent of this division to authorize the establishment of a Land Bank Authority pursuant to Title 1, Subtitle 14, of the Local Government Article Annotated Code of Maryland Code; as amended in Prince George's County to be known as "the Land Bank Authority of Prince George's County, Inc." ("the Authority"), and to regulate the same to protect the public health, safety, and general welfare of Prince George's County and its residents.
(b)
It is the purpose of this division to:
(1)
Provide for the creation of the Authority to assist Prince George's County in the assemblage and clearance of title to property in a coordinated manner, to facilitate the use and development of certain property, and to promote economic growth;
(2)
Prescribe the powers and duties of the Authority;
(3)
Authorize the Authority's acquisition, maintenance, and disposal of interests in real and personal property and enforcement of tax liens and the clearing or quieting of title;
(4)
Provide for the distribution and use of revenues collected or received by the Authority;
(5)
Authorize the transfer and acceptance of property in lieu of taxes and the release of tax liens;
(6)
Exempt property, income and operations of the Authority from taxation; and
(7)
Extend protections to the Authority against certain liabilities; and
(8)
Focus on the development of affordable housing with a preference for deeply affordable.
(9)
The land bank will not remove the authority or compete with the Redevelopment authority.