§ 12–301
Statutes in effect as of October 1, 2026.
Md. Code Ann., Econ. Dev. § 12-301 (2026)
Title 12. Local Development Authorities and Resources
Subtitle 3. Redevelopment Bonds
§ 12–301LinkCopy Citation
(a)
In this subtitle the following words have the meanings indicated.
(b)
“Bond” means a bond, note, or other similar instrument that a political subdivision issues under this subtitle.
(c)
“Chief executive” means the president, chair, mayor, county executive, or any other chief executive officer of a political subdivision.
(d)
“Designated blighted area” means an area designated under § 12-303 of this subtitle.
(e)
“Financed area” means the geographic portion of a designated blighted area for which the proceeds of a bond are to be used under § 12-303 of this subtitle.
(f)
“Political subdivision” means a county or municipal corporation.