§ 21-509
138 words·~1 min read·
/md/local-government/21-509·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§21–509.
(a)A special taxing district established under this subtitle shall be terminated if:
(1)no bonds authorized by this subtitle are outstanding with respect to the special taxing district;
(2)no MEDCO obligations as to which a county has pledged revenues under this subtitle are outstanding with respect to the special taxing district; and
(3)the governing body of the county 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 shall be paid to the general fund of the county.