§ 21–519
Statutes in effect as of October 1, 2026.
Md. Code Ann., Local Gov't § 21-519 (2026)
Title 21. Special Taxing Districts
Subtitle 5. Districts for Infrastructure Improvements for Selected Counties
§ 21–519LinkCopy Citation
A law enacted by Anne Arundel County under this subtitle:
(1)
shall specify the type of infrastructure and related costs that may be financed;
(2)
shall require:
(i)
reasonable disclosure in a real estate contract to buyers of real property in a special taxing district of any special assessment, special tax, or other fee or charge for which the buyer would be liable due to the special taxing district; and
(ii)
that, if a seller fails to provide the disclosure, the buyer may void the contract before the date of settlement;
(3)
shall require adequate debt service reserve funds to be maintained;
(4)
may provide:
(i)
for exemptions, deferrals, and credits; and
(ii)
for a lien to attach to property in a special taxing district to the extent of that property owner’s obligation under any special taxing district financing; and
(5)
may not allow:
(i)
acceleration of assessments or taxes by reason of bond default; or
(ii)
an increase in the maximum special assessments, special taxes, or other fees or charges applicable to any individual property if other property owners become delinquent in paying a special assessment, a special tax, or any other fee or charge securing bonds issued under this subtitle.