§ 12-301
102 words·~1 min read·
/md/economic-development/12-301A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§12–301.
(a)In this subtitle the following words have the meanings indicated.
(b)“Bond” means a bond, note, or other similar instrument that a political subdivision issues under this subtitle.
(c)“Chief executive” means the president, chair, mayor, county executive, or any other chief executive officer of a political subdivision.
(d)“Designated blighted area” means an area designated under § 12-303 of this subtitle.
(e)“Financed area” means the geographic portion of a designated blighted area for which the proceeds of a bond are to be used under § 12-303 of this subtitle.
(f)“Political subdivision” means a county or municipal corporation.