# Economic Development (GEC)

## Title 12. Local Development Authorities and Resources

### Subtitle 3. Redevelopment Bonds

#### Section 12-303

(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.

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