reglab/housing_qa huggingface dataset:
MD. Economic Development Code Ann. §  11-418 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 11 - Military Installation Support|Subtitle 4 - Bainbridge Development Corporation|Section 11-418 - Tax Status

    (a)    Except as provided in subsection (b) of this section, the Corporation is exempt from any requirement to pay any taxes or assessments on its properties, activities, or any revenue from its properties or activities.    (b)    Property that the Corporation sells or leases to a private entity is subject to State and local property taxes from the time of the sale or lease.
MD. Economic Development Code Ann. §  11-419 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 11 - Military Installation Support|Subtitle 4 - Bainbridge Development Corporation|Section 11-419 - Advisory Board

    (a)    The Board shall establish a Bainbridge Development Advisory Board.    (b)    The Advisory Board consists of:        (1)    a representative of the County Commissioners;        (2)    the State legislative delegation of Cecil County;        (3)    a representative of the Mayor of Port Deposit;        (4)    a representative of the Town Council of Port Deposit;        (5)    the President of Cecil Community College;        (6)    the Superintendent of the Cecil County Public Schools;        (7)    the Coordinator of the Lower Susquehanna Heritage Greenway; and        (8)    other individuals the Board of Directors selects.
MD. Economic Development Code Ann. §  11-420 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 11 - Military Installation Support|Subtitle 4 - Bainbridge Development Corporation|Section 11-420 - Audit

    (a)    (1)    As soon as practical after the close of the fiscal year, an independent certified public accountant shall audit the financial books, records, and accounts of the Corporation.        (2)    The Corporation shall select an accountant to conduct the audit who:            (i)    is licensed to practice accountancy in the State;            (ii)    is experienced and qualified in the accounting and auditing of public bodies; and            (iii)    does not have a direct or indirect personal interest in the fiscal affairs of the Corporation.        (3)    (i)    Except as provided in subparagraph (ii) of this paragraph, the accountant shall report the results of the audit, including the accountant’s unqualified opinion on the presentation of the financial position and the results of the financial operations of the Corporation.            (ii)    If the accountant cannot express an unqualified opinion, the accountant shall explain in detail the reasons for the qualifications, disclaimers, or opinions, including recommendations of changes that could make future unqualified opinions possible.    (b)    The State may audit the books, records, and accounts of the Corporation.
MD. Economic Development Code Ann. §  11-421 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 11 - Military Installation Support|Subtitle 4 - Bainbridge Development Corporation|Section 11-421 - Annual Report

    (a)    On or before October 1 of each year, the Corporation shall submit a report to:        (1)    the Governor;        (2)    the County Commissioners;        (3)    the Department; and        (4)    in accordance with § 2-1257 of the State Government Article, the General Assembly.    (b)    The report shall include a complete operating and financial statement covering the operations of the Corporation during the preceding fiscal year and a summary of the activities of the Corporation during the preceding fiscal year.
MD. Economic Development Code Ann. §  12-102 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 12 - Local Development Authorities and Resources|Subtitle 1 - Economic Development Revenue Bond Act|Section 12-102 - Construction and Effect of Subtitle

    (a)    This subtitle shall be liberally construed to accomplish its purposes.    (b)    A facility is not a capital project of a public body within the meaning of any statutory or charter provision.    (c)    This subtitle does not authorize a county or municipal corporation to acquire a facility by eminent domain.
MD. Economic Development Code Ann. §  12-103 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 12 - Local Development Authorities and Resources|Subtitle 1 - Economic Development Revenue Bond Act|Section 12-103 - Legislative Findings; Purposes of Subtitle

    (a)    The General Assembly finds that:        (1)    conditions of unemployment exist in many areas of the State;        (2)    the acquisition and improvement of facilities are essential to relieve this unemployment and to establish a balanced economy in the State;        (3)    the present and prospective health, happiness, safety, right of gainful employment, and general welfare of the residents of the State will be promoted by the acquisition and improvement of facilities;        (4)    the control or abatement of pollution of the environment of the State, including noise pollution, is necessary to:            (i)    retain existing industry and commerce in and attract new industry and commerce to the State;            (ii)    protect the health, welfare, and safety of the residents of the State;            (iii)    protect the natural resources of the State; and            (iv)    encourage the economic development of the State; and        (5)    (i)    the public ports of the State are assets of value to the entire State;            (ii)    the residents of the entire State benefit directly from the waterborne commerce that the public ports attract and service; and            (iii)    any improvement of public ports that increases their export and import commerce will benefit the residents of the entire State.    (b)    The legislative purposes of this subtitle are to:        (1)    relieve conditions of unemployment in the State;        (2)    encourage the increase of industry and commerce and a balanced economy in the State;        (3)    assist in the retention of existing industry and commerce in, and the attraction of new industry and commerce to, the State through, among other things, the development of ports, the control or abatement of environmental pollution, and the use and disposal of waste;        (4)    promote economic development;        (5)    protect natural resources and encourage resource recovery; and        (6)    promote the health, welfare, and safety of the residents of the State.
MD. Economic Development Code Ann. §  12-104 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 12 - Local Development Authorities and Resources|Subtitle 1 - Economic Development Revenue Bond Act|Section 12-104 - State Policy

    It is the policy of the State to allow the exercise of the powers granted by this subtitle even though the activities authorized may displace or limit free economic competition.
MD. Economic Development Code Ann. §  12-106 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 12 - Local Development Authorities and Resources|Subtitle 1 - Economic Development Revenue Bond Act|Section 12-106 - Industrial Development Authorities -- Board of Directors

    (a)    (1)    Subject to paragraph (4) of this subsection, the board of directors of an authority consists of five members appointed by the legislative body of the incorporating county or municipal corporation.        (2)    Appointment procedures shall be provided in the resolution establishing the authority.        (3)    (i)    In a county or municipal corporation that has a publicly elected chief executive, the chief executive shall submit nominations for the initial board members.            (ii)    The chief executive may nominate more than one individual for an initial board member position.        (4)    An officer or employee of the incorporating county or municipal corporation may not be appointed to the board but, if provided by resolution, may serve as an ex officio, nonvoting member of the board.    (b)    (1)    (i)    The initial five members of the board of directors of an authority shall be appointed for staggered terms, ranging from 1 to 5 years, respectively, beginning on the date the State Department of Assessments and Taxation accepts the articles of incorporation of the authority for record.            (ii)    Except as provided for initial board members, the term of an appointed member is 5 years.        (2)    At the end of a term, an appointed member continues to serve until a successor is appointed.        (3)    A member who is appointed after a term has begun serves only for the rest of the term and until a successor is appointed.        (4)    (i)    In a county or municipal corporation that has a publicly elected chief executive, the chief executive shall submit nominations for vacancies on the board.            (ii)    The chief executive may nominate more than one individual for a vacancy.    (c)    (1)    A member may be removed at any time with or without cause.        (2)    Procedures for removal shall be those provided in the resolution establishing the authority or a subsequent resolution.    (d)    (1)    From among its members, the board shall elect a chair and other officers.        (2)    An ex officio member may hold any office other than chair.    (e)    (1)    Three voting members of the board are a quorum.        (2)    The board may act on a resolution only by the affirmative vote of at least three voting members.    (f)    A member of the board:        (1)    may not receive compensation as a member of the board; but        (2)    shall be reimbursed for expenses incurred in performing the member’s duties.    (g)    The board shall exercise its powers by resolution.
MD. Economic Development Code Ann. §  12-107 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 12 - Local Development Authorities and Resources|Subtitle 1 - Economic Development Revenue Bond Act|Section 12-107 - Administration

    (a)    The board of directors of an authority shall govern the authority.    (b)    Except as otherwise provided in this subtitle or the resolution establishing the authority, the procedures of the incorporating county or municipal corporation control any matter relating to the internal administration of the authority.
MD. Economic Development Code Ann. §  12-108 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 12 - Local Development Authorities and Resources|Subtitle 1 - Economic Development Revenue Bond Act|Section 12-108 - Benefit of Net Earnings

    Except as necessary to pay debt service or implement the public purposes or programs of the incorporating county or municipal corporation, the net earnings of an authority may benefit only the incorporating county or municipal corporation and may not benefit any person.
MD. Economic Development Code Ann. §  12-109 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 12 - Local Development Authorities and Resources|Subtitle 1 - Economic Development Revenue Bond Act|Section 12-109 - Powers of Authority, County, and Municipal Corporation

    (a)    (1)    Except as limited by its articles of incorporation, an authority has all the powers set forth in this subtitle.        (2)    An authority may:            (i)    receive money from its incorporating county or municipal corporation, the State, other governmental units, or nonprofit organizations;            (ii)    charge fees for its services;            (iii)    have employees and consultants as it considers necessary; and            (iv)    use the services of other governmental units.    (b)    For the purposes of this subtitle, each county and municipal corporation has all the powers granted in this subtitle to an authority, including the power to make loans to private enterprises competing with enterprises not receiving the loans.    (c)    (1)    (i)    An authority shall operate and exercise its powers solely to accomplish one or more of the legislative purposes of this subtitle.            (ii)    The incorporating county or municipal corporation may use the authority’s exercise of its powers to accomplish one or more of the legislative purposes.        (2)    An authority or an incorporating county or municipal corporation may exercise its powers regardless of any effect on economic competition.        (3)    The powers granted to a county or municipal corporation under paragraph (2) of this subsection do not:            (i)    grant to the county or municipal corporation powers in any substantive area not otherwise granted to the county or municipal corporation under other public general or public local law;            (ii)    restrict the county or municipal corporation from exercising any power granted to the county or municipal corporation under other public general or public local law or otherwise;            (iii)    authorize the county or municipal corporation, or the officers of the county or municipal corporation, to engage in an activity that is beyond the power granted under other public general or public local law or otherwise; or            (iv)    preempt or supersede the regulatory authority of a unit of State government under a public general law.        (4)    The incorporating county or municipal corporation is not precluded from directly exercising the powers granted to an authority under this subtitle after the establishment of the authority.
MD. Economic Development Code Ann. §  12-112 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 12 - Local Development Authorities and Resources|Subtitle 1 - Economic Development Revenue Bond Act|Section 12-112 - Manner and Price of Sale of Bonds; Applicability of Local Government Article

    (a)    (1)    Bonds shall be sold in the manner, at competitive or negotiated sale, and on the terms at, above, or below par, that the public body considers best.        (2)    A contract to acquire or improve a facility may provide that payment shall be made in bonds.    (b)    A bond is not subject to the limitations of §§ 19–205 and 19–206 of the Local Government Article.
MD. Economic Development Code Ann. §  12-113 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 12 - Local Development Authorities and Resources|Subtitle 1 - Economic Development Revenue Bond Act|Section 12-113 - Payment of Bonds

    (a)    (1)    A bond and the interest on a bond are limited obligations of the public body.        (2)    Except for bond anticipation notes and notes in the nature of commercial paper, the principal of, premium, and interest on a bond are payable solely from:            (i)    money from the financing of a facility; or            (ii)    other money made available to the public body.        (3)    Bonds and the interest on them:            (i)    are not debts or charges against the general credit or taxing powers of a public body within the meaning of any constitutional or charter provision or statutory limitation; and            (ii)    may not give rise to any pecuniary liability of an issuing public body.        (4)    A bond may state on its face that the bond:            (i)    is issued under this subtitle; and            (ii)    is not a debt to which the public body’s faith and credit is pledged.    (b)    On default in the payment of the principal of or interest on a bond, a court with jurisdiction:        (1)    may appoint a receiver or take other appropriate action to provide for the payment of the bond; and        (2)    shall apply any available revenue as this subtitle or a resolution adopted under this subtitle provides.
MD. Economic Development Code Ann. §  12-114 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 12 - Local Development Authorities and Resources|Subtitle 1 - Economic Development Revenue Bond Act|Section 12-114 - Conclusive Presumption of Finding by Public Body

    A finding by the legislative body of a county or municipal corporation, the board of directors of an authority, or the Maryland Industrial Development Financing Authority as to the public purpose of an action taken under this subtitle, and the appropriateness of that action to serve the public purpose, is conclusive in a proceeding involving the validity or enforceability of a bond, or security for a bond, issued under this subtitle.
MD. Economic Development Code Ann. §  12-115 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 12 - Local Development Authorities and Resources|Subtitle 1 - Economic Development Revenue Bond Act|Section 12-115 - Alternative Procedures for Bond Issuance

    Instead of the procedures under this subtitle, a municipal corporation, by charter amendment adopted under Title 4, Subtitle 3 of the Local Government Article, or a charter county, by charter amendment adopted under Article XI–A of the Maryland Constitution, may provide for the issuance of revenue bonds under the terms and conditions that the municipal corporation or charter county considers appropriate to achieve the legislative purposes of this subtitle.
MD. Economic Development Code Ann. §  12-116 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 12 - Local Development Authorities and Resources|Subtitle 1 - Economic Development Revenue Bond Act|Section 12-116 - Tax Status

    The principal of and interest on bonds, the transfer of bonds, and any income derived from the bonds, including profits made in their sale or transfer, are forever exempt from State and local taxes.
MD. Economic Development Code Ann. §  12-117 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 12 - Local Development Authorities and Resources|Subtitle 1 - Economic Development Revenue Bond Act|Section 12-117 - Lease or Contract as Security for Bond

    (a)    This section applies to a lease or contract under which:        (1)    the State or a unit of the State will be an initial user or occupant of a facility financed by bonds issued under this subtitle; or        (2)    a facility financed by bonds issued under this subtitle will be built on property owned by the State.    (b)    The State or a unit of the State may not enter into a lease or contract that is subject to this section and that forms a part of the security for bonds issued under this subtitle unless:        (1)    the Legislative Policy Committee has authorized the facility as being consistent with the capital budget; and        (2)    the Board of Public Works specifically has approved the bond issue for that facility.
MD. Economic Development Code Ann. §  12-118 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 12 - Local Development Authorities and Resources|Subtitle 1 - Economic Development Revenue Bond Act|Section 12-118 - Short Title

    This subtitle may be cited as the Maryland Economic Development Revenue Bond Act.
MD. Economic Development Code Ann. §  12-202 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 12 - Local Development Authorities and Resources|Subtitle 2 - Tax Increment Financing Act|Section 12-202 - Construction and Application of Subtitle

    (a)    (1)    This subtitle is self-executing.        (2)    A political subdivision need not amend its charter to exercise the powers granted by this subtitle.    (b)    This subtitle does not apply in Baltimore City.
MD. Economic Development Code Ann. §  12-203 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 12 - Local Development Authorities and Resources|Subtitle 2 - Tax Increment Financing Act|Section 12-203 - District Designations

    (a)    Before issuing bonds, the governing body of the political subdivision shall:        (1)    by resolution:            (i)    designate a contiguous area within its jurisdiction as a development district;            (ii)    identify an area that has been designated a sustainable community; or            (iii)    identify an area that has been designated a RISE zone;        (2)    receive from the Supervisor of Assessments a certification of the amount of the original base, or if applicable, the adjusted assessable base; and        (3)    pledge that until the bonds are fully paid, or a longer period, the real property taxes in the development district, a RISE zone, or a sustainable community shall be divided as follows:            (i)    the portion of the taxes that would be produced at the current tax rate on the original taxable value base shall be paid to the respective taxing authorities in the same manner as taxes on other property are paid; and            (ii)    the portion of the taxes on the tax increment that normally would be paid into the general fund of the political subdivision shall be paid into the special fund established under § 12–208 of this subtitle and applied in accordance with § 12–209 of this subtitle.    (b)    (1)    In this subsection, “brownfields site” has the meaning stated in § 5–301 of this article.        (2)    Before issuing bonds and as part of the resolution required under subsection (a) of this section, the governing body of the political subdivision may determine the original base of a brownfields site in a sustainable community.        (3)    The determination of the original base of a brownfields site under this section:            (i)    is not a determination of the value of the brownfields site; and            (ii)    may not be used to determine a property tax assessment or appeal of a property tax assessment under the Tax – Property Article.    (c)    The establishment or identification by a county of a development district, a RISE zone, or a sustainable community that is wholly or partly in a municipal corporation shall also require a resolution approving the development district, RISE zone, or sustainable community by the governing body of the municipal corporation.