# Economic Development (GEC)

## Title 12. Local Development Authorities and Resources

### Subtitle 3. Redevelopment Bonds

#### Section 12-301

(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 Sec. 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 Sec. 12-303 of this subtitle.

(f) "Political subdivision" means a county or municipal corporation.

---

Md. Code Ann., Econ. Dev. (as displayed at mgaleg.maryland.gov, October 16, 2026)