Maryland Code, ECONOMIC DEVELOPMENT 12-811
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Terms Used In Maryland Code, ECONOMIC DEVELOPMENT 12-811
- County: means a county of the State or Baltimore City. See
- including: means includes or including by way of illustration and not by way of limitation. See
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
As specified by local law and to the extent not inconsistent with any constitutional or charter provision or any public general or public local law, the county may:
(1) assign, pledge, grant, contribute, or provide to the redevelopment authority any taxes, rates, rentals, fees, charges, or other funds held or receivable by the county for any purpose, and assign, pledge, lease, or otherwise convey to the Authority, or encumber any land or property owned or otherwise held by the county, including as additional security for any bonds of the Authority; and
(2) (i) advance amounts to the Authority for any purpose, including payment of preliminary expenditures relating to any undertakings of the Authority or for deficiencies in debt services requirements; and
(ii) provide for the repayment or forgiveness of the advances.