Title 15. Baltimore City Community Enhancement Transit-Oriented Development Fund — Subtitle 1
Statutes in effect as of October 1, 2026.
Md. Code Ann., Econ. Dev. § 15-101 (2026)
Title 15. Baltimore City Community Enhancement Transit-Oriented Development Fund
Subtitle 1
§ 15–101LinkCopy Citation
(a)
In this title the following words have the meanings indicated.
(b)
“Financial assistance” means a grant or loan from the Fund.
(c)
“Fund” means the Baltimore City Community Enhancement Transit–Oriented Development Fund.
(d)
“Qualified project area” means a community that is:
(1)
located in Baltimore City; and
(2)
directly impacted by and within 0.5 miles of the boundary of a development that has been designated as a transit–oriented development.
(e)
“Qualified recipient” means an entity that is based in and serves a qualified project area and is:
(1)
a nonprofit community–based organization that has experience in making physical, human capital, and economic investments to rebuild communities; or
(2)
a community development corporation.
(f)
“Transit–oriented development” has the meaning stated in § 7–101 of the Transportation Article.
Md. Code Ann., Econ. Dev. § 15-102 (2026)
Title 15. Baltimore City Community Enhancement Transit-Oriented Development Fund
Subtitle 1
§ 15–102LinkCopy Citation
(a)
The General Assembly finds that:
(1)
while State and privately funded transit–oriented development is paramount and necessary for the orderly economic development of the State, such development should be pursued in a manner that extends benefits to and minimizes negative impacts on the communities in and adjacent to the development;
(2)
in order to preserve and enhance the State’s diverse cultural fabric in communities affected by transit–oriented development, it is essential for the public and private sectors to cooperate in developing partnerships that aim to stabilize such communities;
(3)
it is most fruitful to seek community input and involvement from organizations in areas affected by transit–oriented development in order to best address the physical, cultural, and economic impacts of the development; and
(4)
fostering community–based initiatives for neighborhood stability and growth is in the public interest.
(b)
The purpose of this title is to promote and assist community–based initiatives that enhance neighborhood stability and economic growth in communities that are directly impacted by State– and privately funded transit–oriented development.
Md. Code Ann., Econ. Dev. § 15-103 (2026)
Title 15. Baltimore City Community Enhancement Transit-Oriented Development Fund
Subtitle 1
§ 15–103LinkCopy Citation
This title applies only in Baltimore City.
Md. Code Ann., Econ. Dev. § 15-104 (2026)
Title 15. Baltimore City Community Enhancement Transit-Oriented Development Fund
Subtitle 1
§ 15–104LinkCopy Citation
(a)
There is a Baltimore City Community Enhancement Transit–Oriented Development Fund.
(b)
The Fund is a special, nonlapsing fund that is not subject to § 7–302 of the State Finance and Procurement Article.
Md. Code Ann., Econ. Dev. § 15-105 (2026)
Title 15. Baltimore City Community Enhancement Transit-Oriented Development Fund
Subtitle 1
§ 15–105LinkCopy Citation
(a)
The purpose of the Fund is to promote and assist community–based initiatives in qualified project areas consistent with the purpose of this title.
(b)
The State Treasurer shall hold the Fund separately, and the Comptroller shall account for the Fund.
(c)
(1)
The Fund consists of:
(i)
money appropriated in the State budget to the Fund;
(ii)
proceeds of bonds that are made available for the use of the Fund, including general obligation bonds and grant anticipation revenue vehicles;
(iii)
money made available for qualifying uses by the Fund from other governmental sources, including community development block grants and the Maryland Transportation Trust Fund;
(iv)
contributions to the Fund made by the private developers of the relevant transit–oriented development;
(v)
ground rents or land sale proceeds in accordance with § 10–306(c)(1) of the State Finance and Procurement Article;
(vi)
payments of principal of and interest on loans made under this title;
(vii)
investment earnings of the Fund; and
(viii)
any other money from any other source, public or private, accepted for the benefit of the Fund.
(2)
Contributions to the Fund under paragraph (1)(iv) of this subsection shall be separately accounted for in the Fund so that the revenue derived from a development in a particular qualified project area shall return to a qualified recipient in that qualified project area.
(3)
Subject to paragraph (2) of this subsection, the Comptroller shall:
(i)
pay money in the Fund in annual installments to the Mayor and City Council of Baltimore City; and
(ii)
ensure that the money in the Fund is distributed in the manner that best accomplishes the purpose of the Fund under this title.
Md. Code Ann., Econ. Dev. § 15-106 (2026)
Title 15. Baltimore City Community Enhancement Transit-Oriented Development Fund
Subtitle 1
§ 15–106LinkCopy Citation
The Fund may be used by the Mayor and City Council of Baltimore City or awarded to a qualified recipient by the Mayor and City Council only for:
(1)
operating support for or building the capacity of qualified recipients;
(2)
economic and physical improvements to the community through projects that reinvest in and revitalize the community;
(3)
the development of women–owned, minority–owned, and small businesses;
(4)
the development of recreational facilities, parks, or improvements to the natural environment;
(5)
the development and preservation of affordable and workplace housing;
(6)
expansion of school programs and capital improvements to school facilities that serve the area;
(7)
job training and workforce development; or
(8)
counseling for housing and small business development.
Md. Code Ann., Econ. Dev. § 15-107 (2026)
Title 15. Baltimore City Community Enhancement Transit-Oriented Development Fund
Subtitle 1
§ 15–107LinkCopy Citation
(a)
The State Treasurer shall invest the money of the Fund in the same manner as other State money may be invested.
(b)
Any investment earnings of the Fund shall be paid into the Fund.