§ 12-811

Maryland § 12-811

• Jurisdiction: Maryland
• Article gec: Economic Development
• Title: 12

Text

As specified by local law and to the extent not inconsistent with any constitutional or charter provision or any public general or public local law, the county may:

(1) assign, pledge, grant, contribute, or provide to the redevelopment authority any taxes, rates, rentals, fees, charges, or other funds held or receivable by the county for any purpose, and assign, pledge, lease, or otherwise convey to the Authority, or encumber any land or property owned or otherwise held by the county, including as additional security for any bonds of the Authority; and

(2) (i) advance amounts to the Authority for any purpose, including payment of preliminary expenditures relating to any undertakings of the Authority or for deficiencies in debt services requirements; and

(ii) provide for the repayment or forgiveness of the advances.