reglab/housing_qa huggingface dataset:
MD. Local Government Code Ann. §  21-413 (2021)
2021 Maryland Statutes|Local Government|Division IV - Local Finance|Title 21 - Special Taxing Districts|Subtitle 4 - Municipal Special Taxing Districts|Part II - Municipal Special Taxing Districts for Infrastructure Improvements|Section 21-413 - Use of Special Fund When No Bonds Outstanding

    If no bonds authorized by this part are outstanding with respect to a special taxing district, the governing body of the municipality may use money in the special fund for:        (1)    any purpose specified in this part;        (2)    paying debt service on bonds to be issued later;        (3)    payment or reimbursement of debt service that the municipality is obligated under a general or limited obligation to pay, or has paid, on MEDCO obligations or any bond, note, or other similar instrument issued by the State or by any unit or political subdivision of the State, the proceeds of which were used for any purpose specified in this part; or        (4)    payment to the municipality to provide money for any legal purpose as determined by the governing body of the municipality.
MD. Local Government Code Ann. §  21-414 (2021)
2021 Maryland Statutes|Local Government|Division IV - Local Finance|Title 21 - Special Taxing Districts|Subtitle 4 - Municipal Special Taxing Districts|Part II - Municipal Special Taxing Districts for Infrastructure Improvements|Section 21-414 - Taxes

    (a)    The governing body of a municipality may provide for the imposition of an ad valorem or special tax on all real and personal property in a special taxing district at a rate or amount designed to provide adequate revenue:        (1)    to pay the principal of, interest on, and any redemption premium on any bonds;        (2)    to replenish any debt service reserve fund;        (3)    for any other purpose related to the ongoing expenses of or security for bonds;        (4)    to pay costs of infrastructure improvements located in or supporting a transit–oriented development or a State hospital redevelopment;        (5)    pay costs of operating and maintaining infrastructure improvements located in or supporting a transit–oriented development or a State hospital redevelopment; or        (6)    to secure payment by the municipality of its obligations under an agreement described in § 21–409(b) of this subtitle.    (b)    Ad valorem taxes under this part shall be imposed in the same manner, on the same assessments, for the same period, and as of the same date of finality as required for municipal property taxes in the special taxing district.    (c)    (1)    As an alternative to imposing ad valorem taxes under this part, the governing body of a municipality may impose special taxes in accordance with this subsection on property in a special taxing district.        (2)    In determining the basis for and amount of a special tax, the cost of an improvement may be calculated and imposed:            (i)    equally per front foot, lot, parcel, dwelling unit, or square foot;            (ii)    according to the value of the property, with or without regard to improvements on the property; or            (iii)    in any other reasonable manner that results in a fair allocation of the cost of the infrastructure improvements.        (3)    The governing body of a municipality may enact an ordinance or resolution for:            (i)    the maximum amount of a special tax to be imposed on any parcel;            (ii)    the tax year or other date after which further special taxes under this part may not be imposed on a parcel; and            (iii)    whether, and the circumstances under which, a special tax on a parcel may be increased because of delinquency or default by the owner of that parcel or by the owner of any other parcel.        (4)    By ordinance or resolution, the governing body of a municipality may establish procedures allowing for the prepayment of special taxes under this part.        (5)    A special tax imposed under this part shall:            (i)    unless otherwise provided in an ordinance or a resolution, be collected and secured in the same manner as general ad valorem taxes; and            (ii)    in the case of delinquency, be subject to the same penalties, procedure, sale, and lien priority as general ad valorem taxes.
MD. Local Government Code Ann. §  21-415 (2021)
2021 Maryland Statutes|Local Government|Division IV - Local Finance|Title 21 - Special Taxing Districts|Subtitle 4 - Municipal Special Taxing Districts|Part II - Municipal Special Taxing Districts for Infrastructure Improvements|Section 21-415 - Termination of Special Taxing District

    (a)    A special taxing district established under this part shall be terminated if:        (1)    no bonds authorized by this part are outstanding with respect to the special taxing district;        (2)    no MEDCO obligations to which a municipality has pledged revenues under this part are outstanding with respect to the special taxing district; and        (3)    the governing body of the municipality determines not to use money in the special fund for payment of costs of:            (i)    infrastructure improvements located in or supporting a transit–oriented development or a State hospital redevelopment; or            (ii)    operating and maintaining infrastructure improvements located in or supporting a transit–oriented development or a State hospital redevelopment.    (b)    Any money remaining in the special fund on the date of termination of the special taxing district may be paid to the general fund of the municipality.
MD. Local Government Code Ann. §  21-416 (2021)
2021 Maryland Statutes|Local Government|Division IV - Local Finance|Title 21 - Special Taxing Districts|Subtitle 4 - Municipal Special Taxing Districts|Part II - Municipal Special Taxing Districts for Infrastructure Improvements|Section 21-416 - Investment of Special Fund and Sinking Funds

    (a)    The special fund and any sinking fund established by a municipality under this part are subject to § 19–102 of this article.    (b)    The proceeds of bonds issued under this part are subject to §§ 17–101 and 17–102 of this article.
MD. Local Government Code Ann. §  21-417 (2021)
2021 Maryland Statutes|Local Government|Division IV - Local Finance|Title 21 - Special Taxing Districts|Subtitle 4 - Municipal Special Taxing Districts|Part II - Municipal Special Taxing Districts for Infrastructure Improvements|Section 21-417 - Bonds Authorized

    (a)    Notwithstanding any other law, a municipality may issue bonds as provided under this part for the purposes stated in § 21–410(a)(1) of this subtitle.    (b)    To issue bonds under this part, the governing body of a municipality shall adopt an ordinance or resolution that:        (1)    describes the proposed undertaking;        (2)    states:            (i)    that the governing body has complied with §§ 21–412 and 21–414 of this subtitle;            (ii)    the maximum principal amount of bonds to be issued; and            (iii)    the maximum rate of interest for the bonds; and        (3)    establishes a covenant to impose ad valorem or special taxes on all real and personal property in the special taxing district at a rate or in an amount sufficient to provide for the payment of the principal of and interest on the bonds in each year that the bonds are outstanding.    (c)    (1)    For bonds to be issued to finance the proposed undertaking, the ordinance or resolution may specify:            (i)    the principal amount;            (ii)    the rate of interest;            (iii)    the manner and terms of sale;            (iv)    the time of execution, issuance, and delivery;            (v)    the form, purpose, and denominations;            (vi)    the manner in which and the times and places at which the principal of and interest on the bonds shall be paid;            (vii)    conditions for payment of principal of and interest on the bonds before maturity; or            (viii)    other provisions consistent with this part that the governing body of the municipality determines are necessary or desirable.        (2)    The ordinance or resolution may specify the items listed in paragraph (1) of this subsection or may authorize:            (i)    the municipality’s finance board or other appropriate financial officer to specify those items by resolution; or            (ii)    the municipality’s chief executive officer to specify those items by executive order.    (d)    The following may not be subject to a referendum because of any State or local law:        (1)    an ordinance or a resolution authorizing the bonds;        (2)    an ordinance, a resolution, or an executive order passed or adopted in furtherance of the ordinance or resolution authorizing the bonds;        (3)    the bonds;        (4)    the designation of a special taxing district; or        (5)    the imposition of ad valorem or special taxes.
MD. Local Government Code Ann. §  21-418 (2021)
2021 Maryland Statutes|Local Government|Division IV - Local Finance|Title 21 - Special Taxing Districts|Subtitle 4 - Municipal Special Taxing Districts|Part II - Municipal Special Taxing Districts for Infrastructure Improvements|Section 21-418 - Conditions of Issuance

    (a)    A bond issued under this part:        (1)    may be in bearer form or coupon form;        (2)    may be registrable as to principal alone or as to both principal and interest; and        (3)    is a security under § 8–102 of the Commercial Law Article, whether the bond is one of a class or series or is divisible into a class or series of instruments.    (b)    (1)    A bond shall be signed manually or in facsimile by the chief executive officer of the municipality.        (2)    The clerk or other similar administrative officer of the municipality shall attest to and affix the seal of the municipality to each bond.        (3)    An officer’s signature or countersignature on a bond remains valid if the officer ceases to be an officer before delivery of the bond.    (c)    A bond shall mature not later than 30 years after the date of issuance.    (d)    (1)    A municipality may sell bonds:            (i)    at a public or private sale; and            (ii)    in any manner and on any terms that the governing body of the municipality considers best.        (2)    A contract to acquire property may provide that payment shall be made in bonds.        (3)    Bonds are exempt from §§ 19–205 and 19–206 of this article.
MD. Local Government Code Ann. §  21-419 (2021)
2021 Maryland Statutes|Local Government|Division IV - Local Finance|Title 21 - Special Taxing Districts|Subtitle 4 - Municipal Special Taxing Districts|Part II - Municipal Special Taxing Districts for Infrastructure Improvements|Section 21-419 - Bonds Are Securities

    Bonds issued under this part are securities:        (1)    that may be deposited with and received by a unit of the State or a political subdivision for any purpose for which the deposit of bonds or obligations of the State is authorized by law; and        (2)    in which any of the following persons or entities may invest money:            (i)    an officer or a unit of the State or a political subdivision of the State;            (ii)    a bank, a trust company, a savings and loan association, or an investment company;            (iii)    an insurance company; and            (iv)    a personal representative, trustee, or other fiduciary.
MD. Local Government Code Ann. §  21-420 (2021)
2021 Maryland Statutes|Local Government|Division IV - Local Finance|Title 21 - Special Taxing Districts|Subtitle 4 - Municipal Special Taxing Districts|Part II - Municipal Special Taxing Districts for Infrastructure Improvements|Section 21-420 - Payment of Bonds

    (a)    Bonds are payable from the special fund required under § 21–412 of this subtitle.    (b)    The governing body of a municipality that issues bonds under this part may:        (1)    establish a sinking fund;        (2)    establish a debt service reserve fund;        (3)    pledge other assets and revenues toward the payment of the principal of and interest on the bonds; or        (4)    provide for municipal bond insurance or any other financial guaranty of the bonds.
MD. Local Government Code Ann. §  21-421 (2021)
2021 Maryland Statutes|Local Government|Division IV - Local Finance|Title 21 - Special Taxing Districts|Subtitle 4 - Municipal Special Taxing Districts|Part II - Municipal Special Taxing Districts for Infrastructure Improvements|Section 21-421 - Application of Bond Proceeds

    Bond proceeds shall be used only to pay the cost of infrastructure improvements, including:        (1)    the cost of establishing, acquiring, designing, constructing, extending, or altering infrastructure improvements;        (2)    the cost of issuing bonds;        (3)    payment of the principal of and interest on loans, money advances, or indebtedness incurred by the municipality for any purpose stated in § 21–410(a) of this subtitle, including refunding of bonds previously issued; and        (4)    funding of a debt service reserve fund or payment of interest before, during, or for a limited period of time after constructing the infrastructure improvements.
MD. Local Government Code Ann. §  21-422 (2021)
2021 Maryland Statutes|Local Government|Division IV - Local Finance|Title 21 - Special Taxing Districts|Subtitle 4 - Municipal Special Taxing Districts|Part II - Municipal Special Taxing Districts for Infrastructure Improvements|Section 21-422 - Bonds Exempt From Taxation

    The principal amount of bonds, interest payable on bonds, the transfer of bonds, and any income from bonds, including profit made in the sale or transfer of bonds, are exempt from State and local taxes.
MD. Local Government Code Ann. §  21-502 (2021)
2021 Maryland Statutes|Local Government|Division IV - Local Finance|Title 21 - Special Taxing Districts|Subtitle 5 - Districts for Infrastructure Improvements for Selected Counties|Part I - Definitions; General Provisions|Section 21-502 - Application and Construction of Subtitle

    (a)    This subtitle applies only to:        (1)    a code county in the Eastern Shore class;        (2)    Anne Arundel County;        (3)    Baltimore County;        (4)    Calvert County;        (5)    Cecil County;        (6)    Charles County;        (7)    Garrett County;        (8)    Harford County;        (9)    Howard County;        (10)    Prince George’s County;        (11)    St. Mary’s County;        (12)    Washington County; and        (13)    Wicomico County.    (b)    This subtitle is self–executing and does not require a county to enact legislation or, if applicable, to amend its charter to exercise the powers granted under this subtitle.    (c)    The powers granted under this subtitle:        (1)    are supplemental to any power granted by another law; and        (2)    do not limit any other power.    (d)    This subtitle is necessary for the welfare of the State and its residents and shall be liberally construed to effect the purposes stated in § 21–504(a) of this subtitle.
MD. Local Government Code Ann. §  21-503 (2021)
2021 Maryland Statutes|Local Government|Division IV - Local Finance|Title 21 - Special Taxing Districts|Subtitle 5 - Districts for Infrastructure Improvements for Selected Counties|Part I - Definitions; General Provisions|Section 21-503 - Authority Granted

    (a)    For any purpose stated in § 21–504(a)(1) of this subtitle, a county may:        (1)    establish a special taxing district;        (2)    impose ad valorem or special taxes; and        (3)    issue bonds.    (b)    (1)    For any purpose stated in § 21–504(a)(2) of this subtitle, a county may:            (i)    establish special taxing districts;            (ii)    impose ad valorem or special taxes; and            (iii)    pledge funds under an agreement to:                1.    secure payment on MEDCO obligations;                2.    pay the costs of infrastructure improvements located in or supporting a transit–oriented development or a State hospital redevelopment; and                3.    pay the costs of operating and maintaining infrastructure improvements located in or supporting a transit–oriented development or a State hospital redevelopment.        (2)    An agreement pledging funds as described in paragraph (1)(iii) of this subsection shall:            (i)    be authorized by an ordinance or resolution of the county;            (ii)    be in writing;            (iii)    be executed on behalf of the county making the pledge, the Maryland Economic Development Corporation, and any other person or entity that the governing body of the county determines; and            (iv)    benefit, and be enforceable on behalf of, the holders of any MEDCO obligation secured by the agreement.    (c)    (1)    Notwithstanding any other provision of law, a county may establish a special taxing district, issue bonds, or impose an ad valorem or special tax under this subtitle only if a request to the county is made by both:            (i)    the owners of at least two–thirds of the assessed valuation of the real property located in the special taxing district; and            (ii)    at least two–thirds of the owners of the real property located in the special taxing district.        (2)    For purposes of paragraph (1)(ii) of this subsection:            (i)    multiple owners of a single parcel are treated as a single owner; and            (ii)    a single owner of multiple parcels is treated as one owner.
MD. Local Government Code Ann. §  21-504 (2021)
2021 Maryland Statutes|Local Government|Division IV - Local Finance|Title 21 - Special Taxing Districts|Subtitle 5 - Districts for Infrastructure Improvements for Selected Counties|Part I - Definitions; General Provisions|Section 21-504 - Purpose of Authority

    (a)    The purpose of the authority granted under this subtitle is to:        (1)    finance, refinance, or reimburse the cost of establishing, acquiring, designing, constructing, altering, or extending adequate infrastructure improvements as necessary for the development and use of land in any defined geographic region in the county, including storm drainage systems, sewers, water systems, roads, bridges, culverts, tunnels, sidewalks, lighting, parking, parks and recreation facilities, libraries, schools, transit facilities, and solid waste facilities; and        (2)    provide a source of funding for payment of costs of:            (i)    infrastructure improvements located in or supporting a transit–oriented development or a State hospital redevelopment; and            (ii)    operating and maintaining infrastructure improvements located in or supporting a transit–oriented development or a State hospital redevelopment.    (b)    An infrastructure improvement financed under subsection (a)(1) of this section may be located:        (1)    in the special taxing district; or        (2)    outside the special taxing district if the infrastructure improvement is reasonably related to other infrastructure improvements in the special taxing district.    (c)    For the purposes of this subtitle and any authority granted by this subtitle, a sustainable community, as defined in § 6–201 of the Housing and Community Development Article, shall be considered the same as a transit–oriented development.
MD. Local Government Code Ann. §  21-505 (2021)
2021 Maryland Statutes|Local Government|Division IV - Local Finance|Title 21 - Special Taxing Districts|Subtitle 5 - Districts for Infrastructure Improvements for Selected Counties|Part I - Definitions; General Provisions|Section 21-505 - Conditions and Limitations

    (a)    Unless otherwise provided in the charter, bylaws, or code of a county, before the governing body of a county enacts an ordinance or resolution that establishes a special taxing district, authorizes the issuance of bonds, or imposes ad valorem or special taxes under this subtitle, the governing body shall:        (1)    hold a public hearing; and        (2)    give notice of the public hearing in a newspaper of general circulation in the county at least 10 days before the date of the hearing.    (b)    Before a county may establish as a special taxing district an area that is wholly or partly within a municipality or other county listed in § 21–502(a) of this subtitle, the county shall get the consent of the governing body of the municipality or another county.
MD. Local Government Code Ann. §  21-506 (2021)
2021 Maryland Statutes|Local Government|Division IV - Local Finance|Title 21 - Special Taxing Districts|Subtitle 5 - Districts for Infrastructure Improvements for Selected Counties|Part I - Definitions; General Provisions|Section 21-506 - Special Fund

    (a)    By resolution, the governing body of a county:        (1)    may designate an area as a special taxing district; and        (2)    shall create a special fund with respect to the special taxing district.    (b)    A resolution creating a special fund under subsection (a) of this section shall:        (1)    pledge to the special fund the proceeds of the ad valorem or special tax to be imposed as provided under § 21–508 of this subtitle; and        (2)    require that the proceeds from the tax be paid into the special fund.
MD. Local Government Code Ann. §  21-507 (2021)
2021 Maryland Statutes|Local Government|Division IV - Local Finance|Title 21 - Special Taxing Districts|Subtitle 5 - Districts for Infrastructure Improvements for Selected Counties|Part I - Definitions; General Provisions|Section 21-507 - Use of Special Fund When No Bonds Outstanding

    If no bonds authorized by this subtitle are outstanding with respect to a special taxing district, the governing body of the county may use money in the special fund for:        (1)    any purpose specified in this subtitle;        (2)    paying debt service on bonds to be issued later;        (3)    payment or reimbursement of debt service that the county is obligated under a general or limited obligation to pay, or has paid, on MEDCO obligations or any bond, note, or other similar instrument issued by the State, any unit or political subdivision of the State, or the Revenue Authority of Prince George’s County, the proceeds of which were used for any purpose specified in this subtitle; or        (4)    payment to the county to provide money for any legal purpose as determined by the governing body of the county.