Sec. 13-1165. Funding sources
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 § 13-1165 (2026)
Sec. 13-1165. Funding sourcesLinkCopy Citation
(a)
To the extent permitted under the local government's Annotated Code of Maryland 1-1401, the Land Bank Authority of Prince George's County is authorized to solicit and receive funding from the following sources:
(1)
Gifts, grants, and loans from County, state, federal, public and private sources;
(2)
Insurance proceeds;
(3)
Investment income; and
(4)
Any other assets or activities; and consideration for personal or real property conveyed or developed.
(b)
The Authority may:
(1)
Impose rates, rents, fees, and charges related to a project and for the services related to a project; and
(2)
Enter into contracts and execute agreements and instruments necessary or convenient to exercise its authority under this Division.
(c)
The rates, rents, fees, and charges established by the Authority under this Section shall be imposed and adjusted so that the aggregate amount of the rates, rents, fees, and charges from the project, when added to other available money, is sufficient to:
(1)
Pay for the expenses of the project;
(2)
Pay the principal of and the interest on the bonds that the Authority issued for the project as they become due and payable; and
(3)
Create and maintain reserves required or provided for in a trust agreement.
(d)
The rates, rents, fees and charges established by the Authority under this section are not subject to supervision or regulation by a unit of the State.