§ 12–303
Statutes in effect as of October 1, 2026.
Md. Code Ann., Econ. Dev. § 12-303 (2026)
Title 12. Local Development Authorities and Resources
Subtitle 3. Redevelopment Bonds
§ 12–303LinkCopy Citation
(a)
Before a political subdivision issues a bond, the political subdivision shall pass an ordinance or administrative resolution that:
(1)
designates an area in the political subdivision as a designated blighted area based on the substantial presence of:
(i)
excessive vacant land on which structures were previously located;
(ii)
abandoned or vacant buildings;
(iii)
substandard structures;
(iv)
delinquencies in real property tax payments; or
(v)
similar factors that the political subdivision determines indicate blight;
(2)
designates the financed area for which the proceeds of the bond are to be used; and
(3)
adopts a redevelopment plan for the designated blighted area.
(b)
(1)
Before a county may designate a blighted area or financed area that lies wholly or partly in a municipal corporation, the municipal corporation shall consent to the designation of the part of the area that is within the municipal corporation.
(2)
Before a municipal corporation may designate a blighted area or financed area, the county that contains the area shall consent to the designation.
(3)
Consent under this subsection shall be made by ordinance or administrative resolution.
(c)
A political subdivision that issues a bond as a qualified redevelopment bond under the Internal Revenue Code shall comply with federal law in determining:
(1)
the designated blighted area and the financed area to which the bond relates; and
(2)
any other designated blighted areas in the political subdivision.