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§ 12-902. Agreements to purchase development rights

West's Annotated Code of MarylandLocal GovernmentEffective: October 1, 2013

West's Annotated Code of Maryland
Local Government (Refs & Annos)
Division III. Counties [Titles 9-15] (Refs & Annos)
Title 12. Other Powers of Counties--Generally (Refs & Annos)
Subtitle 9. Miscellaneous (Refs & Annos)
Effective: October 1, 2013
MD Code, Local Government, § 12-902
Formerly cited as MD CODE, Art. 24, § 20-101; MD CODE, Art. 24, § 20-102
§ 12-902. Agreements to purchase development rights
Currentness
“Agreement” defined
(a) In this section, “agreement” means an agreement to purchase development rights authorized under this section.
Scope of section
(b) This section applies only in:
(1) Anne Arundel County;
(2) Baltimore County;
(3) Carroll County;
(4) Howard County; and
(5) Prince George's County.
In general
(c) A county may enter into an agreement to purchase development rights.
Contents of agreement
(d) Except as otherwise provided in this section, a county may determine, by resolution, the provisions, terms, conditions, and duration of an agreement.
Payment obligations--Generally
(e) A payment obligation in an agreement:
(1) is a general obligation of the county to which its full faith and credit and unlimited taxing power is pledged; and
(2) is not subject to annual appropriation by the county.
Payment obligations--Exceptions to statutory limitations or procedures
(f) A county may undertake a payment obligation in an agreement:
(1) without regard to any limitations contained in its charter or other public local law or public general law; and
(2) without complying with any procedures contained in its charter or other public local law or public general law.
Exercise of authority constitutes exercise of borrowing power
(g) The exercise of the authority granted in this section to enter into an agreement with a payment obligation for a term of years constitutes the exercise of borrowing authority.
Tax exemption
(h) An agreement, the transfer or assignment of the agreement, and any payment required by the agreement are exempt from taxation by the State or any county, municipality, or public agency.

Credits

Added by Acts 2013, c. 119, § 2, eff. Oct. 1, 2013.
MD Code, Local Government, § 12-902, MD LOCAL GOVT § 12-902
Current through legislation effective through April 25, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document