§ 5-1301

Maryland § 5-1301

• Jurisdiction: Maryland
• Article gec: Economic Development
• Title: 5

Text

(a) In this subtitle the following words have the meanings indicated.

(b) “Area” means a geographic area within one or more political subdivisions within the State described by a closed perimeter boundary.

(c) “BRAC Revitalization and Incentive Zone” means an area that:

(1) meets the requirements of § 5–1303 of this subtitle; and

(2) is designated as a BRAC Revitalization and Incentive Zone by the Secretary under § 5–1304 of this subtitle.

(d) “Enterprise zone” has the meaning stated in § 5–701 of this title.

(e) “Political subdivision” means any county or municipal corporation.

(f) “Submission date” means the date the Secretary receives an application from a political subdivision for designation of a BRAC Revitalization and Incentive Zone.

(g) “Tax increment financing bonds” means bonds issued by:

(1) a political subdivision under Title 12, Subtitle 2 of this article; or

(2) Baltimore City under Article II, § 62 of the Charter of Baltimore City.