Maryland Code, ECONOMIC DEVELOPMENT 5-1301
Terms Used In Maryland Code, ECONOMIC DEVELOPMENT 5-1301
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- County: means a county of the State or Baltimore City. See
- state: means :
(1) a state, possession, territory, or commonwealth of the United States; or
(2) the District of Columbia. See
(b) “Area” means a geographic area within one or more political subdivisions within the State described by a closed perimeter boundary.
(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.
(d) “Enterprise zone” has the meaning stated in § 5-701 of this title.
(e) “Political subdivision” means any county or municipal corporation.
(f) “Submission date” means the date the Secretary receives an application from a political subdivision for designation of a BRAC Revitalization and Incentive Zone.
(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.