§ 21-415
137 words·~1 min read·
/md/local-government/21-415A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§21–415.
(a)A special taxing district established under this part shall be terminated if:
(1)no bonds authorized by this part are outstanding with respect to the special taxing district;
(2)no MEDCO obligations to which a municipality has pledged revenues under this part are outstanding with respect to the special taxing district; and
(3)the governing body of the municipality determines not to use money in the special fund for payment of costs of:
(i)infrastructure improvements located in or supporting a transit–oriented development or a State hospital redevelopment; or
(ii)operating and maintaining infrastructure improvements located in or supporting a transit–oriented development or a State hospital redevelopment.
(b)Any money remaining in the special fund on the date of termination of the special taxing district may be paid to the general fund of the municipality.