§ 12-1001
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/md/economic-development/12-1001A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§12–1001.
(a)In this subtitle the following words have the meanings indicated.
(b)“Board” means the board of directors of a district corporation.
(c)“Commercial tenant” means a lessee or other lawful occupant, other than the owner, of nonexempt property within a district.
(d)“Condominium” has the meaning stated in § 11–101 of the Real Property Article.
(e)“Cooperative housing corporation” has the meaning stated in § 5–6B–01 of the Corporations and Associations Article.
(f)“District” means a business improvement district established under this subtitle.
(g)“District corporation” means a business improvement district corporation formed in accordance with this subtitle.
(h)“Formation steering committee” means the group of stakeholders responsible for leading the formation of a district and preparing the application in accordance with § 12–1008 of this subtitle.
(i)“Homeowners association” has the meaning stated in § 11B–101 of the Real Property Article.
(j)“Members of the district” means owners of nonexempt property, commercial tenants, and residents in the district.
(k)“Nonexempt property” means all real property that is not exempt from paying real property taxes except:
(1)condominium units and cooperative housing corporation units that exist on or before the date of establishment of a district;
(2)homeowners associations; or
(3)residential property with fewer than four dwelling units.
(l)“Resident” means an individual whose primary residence is within a district, including a renter or an owner of residential property, regardless of whether the individual resides on nonexempt property or exempt property.