§ 15-102
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/md/economic-development/15-102A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§15–102.
(a)The General Assembly finds that:
(1)while State and privately funded transit–oriented development is paramount and necessary for the orderly economic development of the State, such development should be pursued in a manner that extends benefits to and minimizes negative impacts on the communities in and adjacent to the development;
(2)in order to preserve and enhance the State’s diverse cultural fabric in communities affected by transit–oriented development, it is essential for the public and private sectors to cooperate in developing partnerships that aim to stabilize such communities;
(3)it is most fruitful to seek community input and involvement from organizations in areas affected by transit–oriented development in order to best address the physical, cultural, and economic impacts of the development; and
(4)fostering community–based initiatives for neighborhood stability and growth is in the public interest.
(b)The purpose of this title is to promote and assist community–based initiatives that enhance neighborhood stability and economic growth in communities that are directly impacted by State– and privately funded transit–oriented development.