Maryland Statutes
§ 12-307
Maryland § 12-307
This text of Maryland § 12-307 is published on Counsel Stack Legal Research, covering Maryland primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Md. Code Ann., Economic Development § 12-307 (2026).
Text
(a)By written agreement with the issuer of a bond, a political subdivision that is not the issuer may:
(1)pledge to the payment of the bond any real property tax revenues attributable to increases in assessed value increase of property in designated blighted areas resulting from carrying out the purposes for which the bond is issued; and
(2)make covenants about real property taxes and other charges in a designated blighted area as it considers appropriate.
(b)An agreement made under this section may be for the benefit and be enforceable on behalf of any bondholder.
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Bluebook (online)
Maryland § 12-307, Counsel Stack Legal Research, https://law.counselstack.com/statute/md/gec/12-307.