§ 5-1301. Definitions

West's Annotated Code of MarylandEconomic DevelopmentEffective: October 1, 2008

West's Annotated Code of Maryland
Economic Development (Refs & Annos)
Division I. Secretary of Commerce and Department of Commerce [Titles 1-8] (Refs & Annos)
Title 5. Economic Development and Financial Assistance Programs (Refs & Annos)
Subtitle 13. Brac Revitalization and Incentive Zones (Refs & Annos)
Effective: October 1, 2008
MD Code, Economic Development, § 5-1301
§ 5-1301. Definitions
Currentness
In general
(a) In this subtitle the following words have the meanings indicated.
Area
(b) “Area” means a geographic area within one or more political subdivisions within the State described by a closed perimeter boundary.
BRAC Revitalization and Incentive Zone
(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.
Enterprise zone
(d) “Enterprise zone” has the meaning stated in § 5-701 of this title.
Political subdivision
(e) “Political subdivision” means any county or municipal corporation.
Submission date
(f) “Submission date” means the date the Secretary receives an application from a political subdivision for designation of a BRAC Revitalization and Incentive Zone.
Tax increment financing bonds
(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.

Credits

Added as Economic Development § 5-1201 by Acts 2008, c. 338, § 1, eff. Oct. 1, 2008. Renumbered as Economic Development § 5-1301 and amended by Acts 2008, c. 36, § 6, eff. April 8, 2008.
MD Code, Economic Development, § 5-1301, MD ECON DEV § 5-1301
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document