Any provision of this subtitle or this division that provides that a tax imposed for the Commission shall be imposed and collected as county taxes are imposed and collected, have the same priority rights, bear the same interest and penalties, and in any other respect be treated the same as a county tax: applies only to the authority to enforce and collect the tax imposed for the Commission; and may not be deemed or construed to mean that the tax imposed for the Commission is a county property tax under the Tax – Property Article.

The taxes imposed under this subtitle shall be imposed on property assessed for the purpose of county taxation.

Notwithstanding any provision of charter or law, the taxes authorized under this subtitle are not subject to any limitation on the tax rate or tax revenues of Prince George’s County.

The tax required under this subsection: applies to property in the metropolitan district in Montgomery County; and shall be imposed whether any bonds have been issued under this title or whether interest is due on any bonds issued under this title. Each year, Montgomery County shall impose on each $100 of assessed valuation of: real property, a tax of 3.6 cents; and personal property and operating real property described in § 8–109(c) of the Tax – Property Article, a tax of 9 cents. Every 60 days the county shall pay to the Commission the tax collected under this subsection. The Commission may use the revenues from the tax imposed under this subsection, after providing for debt service on bonds issued under Subtitle 2 of this title, to: police the parks or other areas under its jurisdiction; acquire, develop, beautify, or maintain parks or other areas; or establish playground and recreational facilities in the parks or other areas. It is the intent of this subsection to provide the Commission with funds to: finance the acquisition of parklands in the metropolitan district in Prince George’s County from current revenues or by the issue of bonds; and maintain, operate, and develop acquired parklands. The tax required under this subsection: applies to property in the metropolitan district in Prince George’s County; and shall be imposed whether any bonds have been issued under this title or whether interest is due on any bonds issued under this title. Each fiscal year, Prince George’s County shall impose on each $100 of assessed valuation of: real property, a tax of at least 4 cents; and personal property and operating real property described in § 8–109(c) of the Tax – Property Article, a tax of at least 10 cents. Every 60 days the county shall pay to the Commission the tax collected under this subsection. The Commission shall use the revenues from the tax imposed under this subsection primarily to pay the principal of and interest on any bonds issued by the Commission for the acquisition of parklands in the metropolitan district in Prince George’s County as authorized under this title. The county shall pay to the Commission the tax collected under this subsection whether any principal or interest is due on any bonds issued for the acquisition of parklands or whether any bonds for that purpose have been issued or are outstanding in the fiscal year in which the tax is collected. The tax authorized under this subsection applies to property in the metropolitan district in Montgomery County and Prince George’s County. Each year the County Council of Montgomery County and the County Council of Prince George’s County may impose an ad valorem tax in addition to all other taxes imposed for the benefit of and on behalf of the Commission. Each county may pay to the Commission the aggregate amount collected under this subsection in the same manner as the county pays other taxes under this subtitle. The Commission shall use the proceeds of the tax under this subsection to: acquire, maintain, develop, and operate the park systems in the counties; and pay the debt service required by its outstanding bonds or bonds issued in the future. The Commission shall expend or disburse that proportion of tax collected from Montgomery County in Montgomery County and that proportion collected from Prince George’s County in Prince George’s County. The tax authorized under this subsection: applies to property in the metropolitan district in Montgomery County; and shall be in lieu of, and in complete satisfaction of, any obligations of Montgomery County to pay for maintenance of the Commission’s park system in accordance with Chapter 761, § 8 of the Acts of 1953 and all agreements executed under the terms of that law. Each year, in addition to the tax imposed under subsection (a) of this section, Montgomery County shall impose on each $100 of assessed valuation of: real property, a tax of 0.8 cents; and personal property and operating real property described in § 8–109(c) of the Tax – Property Article, a tax of 2 cents. A tax authorized under this section shall: be imposed and collected as county taxes are imposed and collected; have the same priority rights as county taxes; bear the same interest and penalties as county taxes; and be treated the same as county taxes in every other respect. At least 30 days before the end of the fiscal year, the Commission shall certify and submit to the appropriate fiscal officers of the counties the net unexpended balances from money received by the Commission from taxes imposed under this section. In Montgomery County, the Commission also shall furnish at the time requested by the County Council an estimate of unexpended balances as of the end of the fiscal year as information for the county’s tax resolution. To calculate the net unexpended balance for each county, the Commission shall deduct, from its actual unexpended cash receipts from taxes collected under this section, an amount equal to the sum of: the debt service for the next succeeding fiscal year on bonds issued by it and outstanding with respect to property acquired by it in the county; the Commission’s fixed obligations under contracts the first 6 months of the fiscal year; the amounts credited to the Commission’s self–insurance fund; $200,000 with respect to Montgomery County; and $150,000 with respect to Prince George’s County. Subject to paragraph (4) of this subsection, when the county receives the certification from the Commission of its net unexpended balance with respect to that county as calculated under paragraph (2) of this subsection, the county may: deduct the net unexpended balance from its estimate of the amount of money to be raised in the next succeeding fiscal year by taxes collected under this section; and impose the tax for the next succeeding fiscal year at a rate that the county estimates will produce the amount calculated under item 1 of this subparagraph. The amount calculated under subparagraph (i)1 of this paragraph shall be the amount the county is obligated to pay the Commission in that fiscal year under this section. The tax rate may not be reduced under this subsection to a rate insufficient to pay debt service on bonds issued by the Commission and guaranteed by the county.

Whenever bonds that the Commission issues under Subtitle 2 of this title for acquisition of property in Montgomery County are sold, the Commission shall promptly certify to the county the amount of bonds issued, the rate of interest, and the maturities. The revenue from the tax under this section shall be the primary source of revenue for the payment of the principal of and interest on the bonds. While any bond is outstanding and unpaid, the county shall impose on all property in the county in the metropolitan district an annual tax in an amount sufficient to pay the principal of and interest on the bonds. The tax shall: be imposed and collected as county taxes are imposed and collected; have the same priority rights as county taxes; bear the same interest and penalties as county taxes; and be treated the same as county taxes in every other respect. Montgomery County shall: collect the tax; and remit to the Commission the tax collected every 60 days.

The tax required under this section applies to property in Prince George’s County. Each fiscal year, Prince George’s County shall impose on each $100 of assessed valuation of: real property, a tax for recreation of at least 2 cents; and personal property and operating real property described in § 8–109(c) of the Tax – Property Article, a tax for recreation of at least 5 cents. Every 60 days the county shall pay to the Commission the tax collected under this section. The Commission shall use the revenues from the tax imposed under this section to finance its adopted budget to regulate, operate, and maintain recreation functions, programs, facilities, and personnel in Prince George’s County as the Commission determines.

The tax required under this section applies to property in the regional district in Montgomery County and Prince George’s County. The purpose of the tax required under this section is for paying the current operating or administrative expenses of the Commission, including the cost of: the development of any part of the plan of the regional district; and the exercise of the powers and duties of the Commission. Each year, each county shall impose on each $100 of assessed valuation of: real property, a tax of 1.2 cents; and personal property and operating real property described in § 8–109(c) of the Tax – Property Article, a tax of 3 cents. There is an administrative fund of the Commission. The administrative fund consists of: the revenues from the tax imposed under this section that are paid to the Commission; and additional money appropriated or contributed to the Commission for operating or administrative purposes by the two counties, the General Assembly of Maryland, the United States, or private donors. Operating and administrative expenses of the Commission shall be limited to the money in the administrative fund. A tax required under this section shall: be imposed and collected as county taxes are imposed and collected; have the same priority rights as county taxes; bear the same interest and penalties as county taxes; and be treated the same as county taxes in every other respect. At least 30 days before the end of the fiscal year, the Commission shall certify and submit to the appropriate fiscal officers of the counties the unexpended balances from money received by the Commission from the tax imposed under this section. If the unexpended balance with respect to either county exceeds the sum of $100,000, that county may: deduct the excess from its estimate of the amount of money to be raised in the next succeeding fiscal year by the imposition of the tax imposed under this section; and impose the tax for the next succeeding fiscal year at a rate that the county estimates will produce the amount calculated under item 1 of this subparagraph. The amount calculated under subparagraph (i)1 of this paragraph shall be the amount the county is obligated to pay the Commission for administration in that fiscal year under this section. On or before the 30th day of the month immediately before the beginning of the fiscal year, the Montgomery County Council and the Prince George’s County Council shall set the rate of the tax as authorized under this section. On or before the 5th day of the month immediately before the beginning of the fiscal year, the Commission shall submit to each county council: its complete budget estimates for the next fiscal year; and statements that justify the administrative budget and administrative tax rate requested by the Commission. The Commission may use any Commission money in excess of the amount necessary for operating and administrative purposes or not specifically pledged by law in the respective counties of the regional district, in the same proportion as they were collected from these counties, to acquire, develop, maintain, and operate parks in the counties. The Commission may use any funds not collected in the counties for the best interests of the regional district.

The Montgomery County Council shall impose against all of the property assessed for the purposes of county taxation an annual tax of: not less than 0.4 cents or more than 1.2 cents on each $100 of assessed valuation of real property; and not less than 1 cent or more than 3 cents on each $100 of assessed valuation of personal property and operating real property described in § 8–109(c) of the Tax – Property Article. The County Council shall impose the tax even if no interest is due on the bonds or notes or no bonds or notes have been issued under Subtitle 2 of this title. Subject to the limits in paragraph (1) of this subsection, if a tax is imposed under this section, the County Council shall continue to impose a tax sufficient to pay the interest on the bonds as the interest comes due and to pay the principal of the bonds as they mature. The County Council does not need to impose the tax required under this section if money is available to make the payments in any year and have been applied to or authorized for payment by the Commission. Every 60 days, the county shall remit the tax collected under this section to the Commission. The Commission may use any proceeds from the tax that are not used for debt service on the principal and interest of the bonds for: the Advance Land Acquisition Revolving Funds under Subtitle 4 of this title for the uses specified in this section and Subtitle 4 of this title; or payment of debt service bonds issued under this section. If the Prince George’s County Council has approved the issue and sale of bonds under Subtitle 2 of this title, the County Council shall impose an annual amount on all property assessed for the purposes of county taxation that is sufficient to pay the interest on the bonds as they become due and to pay the principal of the bonds as they mature. Subject to § 18–303 of this subtitle, a tax authorized under this section shall: be imposed and collected as county taxes are imposed and collected; have the same priority rights as county taxes; bear the same interest as county taxes; and be treated the same as county taxes in every other respect.

Subject to subsection (b) of this section, the Commission may enter into an agreement with the owner of a facility for the generation of electricity that locates in Prince George’s County for a negotiated payment by the owner in lieu of taxes imposed on real or personal property of the facility under this subtitle. An agreement for a negotiated payment in lieu of taxes under this section shall provide that, for the term specified in the agreement: the owner shall pay a specified amount each year in lieu of the payment of taxes imposed on real or personal property under this subtitle; and all or a specified part of the real or personal property at the facility shall be exempt from taxes imposed on real or personal property under this subtitle for the term of the agreement. An agreement for a negotiated payment in lieu of taxes under this section shall: be recorded in the land records of Prince George’s County; and require that the obligation of the owner of a facility for the generation of electricity to make, in a timely manner, a payment in lieu of taxes: be guaranteed by appropriate entities affiliated with the owner of the facility; be a covenant running with the land; create a lien attached to the property and fixtures of the facility that is enforceable in accordance with the Maryland Contract Lien Act; and be secured by a security interest in all or a specified part of the personal property of the owner of the facility that is perfected and enforceable in accordance with Title 9 of the Maryland Uniform Commercial Code. Before entering into or amending an agreement for a negotiated payment in lieu of taxes under this section, the Commission shall obtain: certificates endorsed by the Secretary–Treasurer of the Commission and the Director of Finance of Prince George’s County affirming that the terms of the agreement are reasonably expected to generate more revenue for the Commission than would be generated if the facility for the generation of electricity did not locate in Prince George’s County; and the affirmative approval of the terms of the agreement by the County Executive, County Council, and Planning Board of Prince George’s County, as evidenced by: an executive order of the County Executive; a resolution of the County Council; and a resolution of the Planning Board. Except as otherwise provided in an agreement under this section, a payment in lieu of taxes that the Commission receives shall be distributed to the funds of the Commission in the same proportion that the taxes imposed on real or personal property under this subtitle are distributed during the fiscal year when the payment is received. As specified in an agreement for a negotiated payment in lieu of taxes under this section, for the term specified in the agreement, the real or personal property at a facility for the generation of electricity that locates in Prince George’s County is exempt from the taxes imposed on real or personal property under this subtitle.

The Commission may not enter into an agreement with Prince George’s County to pay and pledge as security all or a portion of the property taxes levied by the county under §§ 18–304, 18–306, and 18–307 of this subtitle on the tax increment in an extraordinary development district in the county to the county for deposit into a special fund for an extraordinary development district under § 12–210 of the Economic Development Article until: the governing body of Prince George’s County has adopted a resolution designating the extraordinary development district; and the Commission has adopted a resolution approving the agreement.