Maryland 2022 Regular Session

Maryland House Bill HB543 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
1		-	LAWRENCE J. HOGAN, JR., Governor Ch. 600
2	1
3		-	– 1 –
4		-	Chapter 600
5		-	(House Bill 543)
6	2
7		-	AN ACT concerning
	3	+	EXPLANATION: CAPITALS INDICATE MAT TER ADDED TO EXISTIN G LAW.
	4	+	[Brackets] indicate matter deleted from existing law.
	5	+	Underlining indicates amendments to bill.
	6	+	Strike out indicates matter stricken from the bill by amendment or deleted from the law by
	7	+	amendment.
	8	+	hb0543
8	9
9		-	~~Town of Hancock (Washington County) – Urban Renewal Authority for Blight~~
10		-	~~Clearance~~
	10	+	HOUSE BILL 543
	11	+	L3 2lr1492
11	12
12		-	FOR the purpose of granting the Town of Hancock in Washington County the authority to
13		-	exercise urban renewal powers in areas zoned for commercial use for blight clearance
14		-	and redevelopment under Article III, Section 61 of the Maryland Constitution;
15		-	authorizing the municipality to levy certain taxes and issue general obligation bonds
16		-	and revenue bonds to carry out urban renewal powers; and generally relating to
17		-	urban renewal authority for blight clearance for the Town of Hancock in Washington
18		-	County.
	13	+	By: Delegate McKay
	14	+	Introduced and read first time: January 21, 2022
	15	+	Assigned to: Environment and Transportation
	16	+	Committee Report: Favorable
	17	+	House action: Adopted
	18	+	Read second time: March 13, 2022
19	19
20		-	BY adding to
21		-	Chapter 71 – Charter of the Town of Hancock
22		-	Section A1–101 through A1–114 to be under the new heading “Appendix I – Urban
23		-	Renewal Authority for Blight Clearance”
24		-	Public Local Laws of Maryland – Compilation of Municipal Charters
25		-	(2015 Replacement Edition, Revisions Current as of November 2021)
	20	+	CHAPTER ______
26	21
27		-	SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND,
28		-	That the Public Local Laws of Maryland – Compilation of Municipal Charters read as
29		-	follows:
	22	+	AN ACT concerning 1
30	23
31		-	Chapter 71 – Charter of the Town of Hancock
	24	+	Town of Hancock (Washington County) – Urban Renewal Authority for Blight 2
	25	+	Clearance 3
32	26
33		-	APPENDIX I – URBAN RENEWAL AUTHORITY FOR BLIGHT CLEARANCE
	27	+	FOR the purpose of granting the Town of Hancock in Washington County the authority to 4
	28	+	exercise urban renewal powers in areas zoned for commercial use for blight clearance 5
	29	+	and redevelopment under Article III, Section 61 of the Maryland Constitution; 6
	30	+	authorizing the municipality to levy certain taxes and issue general obligation bonds 7
	31	+	and revenue bonds to carry out urban renewal powers; and generally relating to 8
	32	+	urban renewal authority for blight clearance for the Town of Hancock in Washington 9
	33	+	County. 10
34	34
35		-	A1–101. DEFINITIONS.
	35	+	BY adding to 11
	36	+	Chapter 71 – Charter of the Town of Hancock 12
	37	+	Section A1–101 through A1–114 to be under the new heading “Appendix I – Urban 13
	38	+	Renewal Authority for Blight Clearance” 14
	39	+	Public Local Laws of Maryland – Compilation of Municipal Charters 15
	40	+	(2015 Replacement Edition, Revisions Current as of November 2021) 16
36	41
37		-	(A) IN THIS APPENDIX THE FOLLOWING WORDS HAVE THE MEANINGS
38		-	INDICATED.
	42	+	SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, 17
	43	+	That the Public Local Laws of Maryland – Compilation of Municipal Charters read as 18
	44	+	follows: 19
39	45
40		-	(B) “BLIGHTED AREA ” MEANS AN AREA OR SIN GLE PROPERTY IN WHIC H
41		-	THE BUILDING OR BUILDINGS HAVE DECLINED IN PRO DUCTIVITY BY REASON OF
42		-	OBSOLESCENCE , DEPRECIATION , OR OTHER CAUSES TO A N EXTENT THAT THEY NO
43		-	LONGER JUSTIFY FUNDA MENTAL REPAIRS AND A DEQUATE MAINTENANCE .
	46	+	Chapter 71 – Charter of the Town of Hancock 20
44	47
45		-	(C) “BONDS” MEANS ANY BONDS (INCLUDING REFUNDING BONDS), NOTES,
46		-	INTERIM CERTIFICATES , CERTIFICATES OF INDE BTEDNESS, DEBENTURES , OR
47		-	OTHER OBLIGATIONS . Ch. 600 2022 LAWS OF MARYLAND
	48	+	APPENDIX I – URBAN RENEWAL AUTHORITY FOR BLIGHT CLEARANCE 21 2 HOUSE BILL 543
48	49
49		-	– 2 –
50	50
51		-	(D) “FEDERAL GOVERNMENT ” MEANS THE UNITED STATES OF AMERICA OR
52		-	ANY AGENCY OR INSTRU MENTALITY, CORPORATE OR OTHERWI SE, OF THE UNITED
53		-	STATES OF AMERICA.
54	51
55		-	~~(E) “MUNICIPALITY” MEANS THE TOWN OF HANCOCK, MARYLAND~~.
	52	+	A1–101. DEFINITIONS. 1
56	53
57		-	(F) “PERSON” MEANS ANY INDIVIDUAL , FIRM, PARTNERSHIP ,
58		-	CORPORATION , COMPANY, ASSOCIATION, JOINT STOCK ASSOCIAT ION, OR BODY
59		-	POLITIC. IT INCLUDES ANY TRUST EE, RECEIVER, ASSIGNEE, OR OTHER PERSON
60		-	ACTING IN SIMILAR REPRESENTATIVE C APACITY.
	54	+	(A) IN THIS APPENDIX THE FOLLOWING WORDS HAVE THE MEANINGS 2
	55	+	INDICATED. 3
61	56
62		-	(G) “URBAN RENEWAL AREA ” MEANS A BLIGHTED ARE A WHICH THE
63		-	MUNICIPALITY DESIGNA TES AS APPROPRIATE F OR AN URBAN RENEWAL PROJECT.
	57	+	(B) “BLIGHTED AREA ” MEANS AN AREA OR SIN GLE PROPERTY IN WHIC H 4
	58	+	THE BUILDING OR BUIL DINGS HAVE DECLINED IN PRODUCTIVITY BY R EASON OF 5
	59	+	OBSOLESCENCE , DEPRECIATION, OR OTHER CAUSES TO A N EXTENT THAT THEY NO 6
	60	+	LONGER JUSTIFY FUNDA MENTAL REPAIRS AND A DEQUATE MAINTENANCE . 7
64	61
65		-	(H) “URBAN RENEWAL PLAN ” MEANS A PLAN , AS IT EXISTS FROM TI ME TO
66		-	TIME, FOR AN URBAN RENEWAL PROJECT. THE PLAN SHALL BE SUF FICIENTLY
67		-	COMPLETE TO INDICATE ANY LAND ACQUISITION , DEMOLITION, AND REMOVAL OF
68		-	STRUCTURES , REDEVELOPMENT , IMPROVEMENTS , AND REHABILITATION A S MAY BE
69		-	PROPOSED TO BE CARRI ED OUT IN THE URBAN RENEWAL AREA , ZONING AND
70		-	PLANNING CH ANGES, IF ANY, LAND USES, MAXIMUM DENSITY , AND BUILDING
71		-	REQUIREMENTS .
	62	+	(C) “BONDS” MEANS ANY BONDS (INCLUDING REFUNDING BONDS), NOTES, 8
	63	+	INTERIM CERTIFICATES , CERTIFICATES OF INDE BTEDNESS, DEBENTURES , OR 9
	64	+	OTHER OBLIG ATIONS. 10
72	65
73		-	(I) “URBAN RENEWAL PROJECT ” MEANS UNDERTAKINGS A ND ACTIVITIES
74		-	OF A MUNICIPALITY IN AN URBAN RENEWAL ARE A FOR THE ELIMINATIO N AND FOR
75		-	THE PREVENTION OF TH E DEVELOPMENT OR SPR EAD OF BLIGHT, AND MAY INVOLVE
76		-	CLEARANCE AND REDEVE LOPMENT IN AN URBAN RENEWAL AREA , OR
77		-	REHABILITATION OR CO NSERVATION IN AN URB AN RENEWAL AREA , OR ANY
78		-	COMBINATION OR PART OF THEM IN ACCORDANC E WITH AN URBAN RENE WAL PLAN.
79		-	THESE UNDERTAKINGS AN D ACTIVITIES MAY INC LUDE:
	66	+	(D) “FEDERAL GOVERNMENT ” MEANS THE UNITED STATES OF AMERICA OR 11
	67	+	ANY AGENCY OR INSTRU MENTALITY, CORPORATE OR OTHERWI SE, OF THE UNITED 12
	68	+	STATES OF AMERICA. 13
80	69
81		-	(1) ACQUISITION OF A BLIG HTED AREA OR PORTION OF THE
82		-	BLIGHTED AREA ;
	70	+	(E) “MUNICIPALITY” MEANS THE TOWN OF HANCOCK, MARYLAND. 14
83	71
84		-	(2) DEMOLITION AND REMOVA L OF BUILDINGS AND I MPROVEMENTS ;
	72	+	(F) “PERSON” MEANS ANY INDIVIDUAL , FIRM, PARTNERSHIP , 15
	73	+	CORPORATION , COMPANY, ASSOCIATION, JOINT STOCK ASSOCIAT ION, OR BODY 16
	74	+	POLITIC. IT INCLUDES ANY TRUST EE, RECEIVER, ASSIGNEE, OR OTHER PERSON 17
	75	+	ACTING IN SIMILAR RE PRESENTATIVE CAPACIT Y. 18
85	76
86		-	(3) INSTALLATION , CONSTRUCTION OR RECO NSTRUCTION OF
87		-	STREETS, UTILITIES, PARKS, PLAYGROUNDS , AND OTHER IMPROVEMEN TS
88		-	NECESSARY FOR CARRYING O UT THE URBAN RENEWAL OBJECTIVES OF THIS
89		-	APPENDIX IN ACCORDAN CE WITH THE URBAN RE NEWAL PLAN ;
	77	+	(G) “URBAN RENEWAL AREA ” MEANS A BLIGHTED ARE A WHICH T HE 19
	78	+	MUNICIPALITY DESIGNA TES AS APPROPRIATE F OR AN URBAN RENEWAL PROJECT. 20
90	79
91		-	(4) DISPOSITION OF ANY PR OPERTY ACQUIRED IN T HE URBAN LAWRENCE J. HOGAN, JR., Governor Ch. 600
	80	+	(H) “URBAN RENEWAL PLAN ” MEANS A PLAN , AS IT EXISTS FROM TI ME TO 21
	81	+	TIME, FOR AN URBAN RENEWAL PROJECT. THE PLAN SHALL BE SUF FICIENTLY 22
	82	+	COMPLETE TO INDICATE ANY LAND ACQUISITION , DEMOLITION, AND REMOVAL OF 23
	83	+	STRUCTURES , REDEVELOPMENT , IMPROVEMENTS , AND REHABILITATION A S MAY BE 24
	84	+	PROPOSED TO BE CARRI ED OUT IN THE URBAN RENEWAL AREA , ZONING AND 25
	85	+	PLANNING CHANGES , IF ANY, LAND USES, MAXIMUM DENSITY , AND BUILDING 26
	86	+	REQUIREMENTS . 27
92	87
93		-	– 3 –
94		-	RENEWAL AREA , INCLUDING SALE , INITIAL LEASING , OR RETENTION BY THE
95		-	MUNICIPALITY ITSELF , AT ITS FAIR VALUE FO R USES IN ACCORDANCE WITH THE
96		-	URBAN RENEWAL PLAN ;
	88	+	(I) “URBAN RENEWAL PROJECT ” MEANS UNDERTAKINGS A ND ACTIVITIES 28
	89	+	OF A MUNICIPALITY IN AN URBAN RENEWAL ARE A FOR THE ELIMINATIO N AND FOR 29
	90	+	THE PREVENTION OF TH E DEVELOPMENT OR SPR EAD OF BLIGHT, AND MAY INVOLVE 30
	91	+	CLEARANCE AND REDEVE LOPMENT IN AN URBAN RENEWAL AREA , OR 31
	92	+	REHABILITATION OR CONSERVA TION IN AN URBAN REN EWAL AREA , OR ANY 32
	93	+	COMBINATION OR PART OF THEM IN ACCORDANC E WITH AN URBAN RENE WAL PLAN. 33 HOUSE BILL 543 3
97	94
98		-	(5) CARRYING OUT PLANS FO R A PROGRAM OF VOLUN TARY OR
99		-	COMPULSORY REPAIR AN D REHABILITATION OF BUILDINGS OR OTHER
100		-	IMPROVEMENTS IN ACCO RDANCE WITH THE URBA N RENEWAL PLAN ;
101	95
102		-	(6) ACQUISITION OF ANY OT HER REAL PROPERTY IN THE URBAN
103		-	RENEWAL AREA WHERE N ECESSARY TO ELIMINAT E UNHEALTHFUL , UNSANITARY,
104		-	OR UNSAFE CONDITIONS , LESSEN DENSITY , ELIMINATE OBSOLETE O R OTHER USES
105		-	DETRIMENTAL TO THE P UBLIC WELFARE , OR OTHERWISE TO REMO VE OR PREVENT
106		-	THE SPREAD OF BLIGHT OR DETERIORATION , OR TO PROVIDE LAND F OR NEEDED
107		-	PUBLIC FACILITIES ; AND
	96	+	THESE UNDERTAKINGS AN D ACTIVITIES MAY INC LUDE: 1
108	97
109		-	(7) THE ~~PRESERVATION , IMPROVEMENT , OR EMBELLISHMENT OF~~
110		-	~~HISTORIC STRUCTURES OR MONUMENTS .~~
	98	+	(1) ACQUISITION OF A BLIG HTED AREA OR PORTION OF THE 2
	99	+	BLIGHTED AREA ; 3
111	100
112		-	~~A1–102. POWERS.~~
	101	+	(2) DEMOLITION AND REMOVAL OF BUILDINGS AND IMP ROVEMENTS ; 4
113	102
114		-	(A) THE MUNICIPALITY MAY UNDERTAKE AND CARRY OUT URBAN RENEWAL
115		-	PROJECTS IN AREAS OF THE MUNI CIPALITY THAT ARE ZO NED FOR COMMERCIAL
116		-	USE.
	103	+	(3) INSTALLATION , CONSTRUCTION OR RECO NSTRUCTION OF 5
	104	+	STREETS, UTILITIES, PARKS, PLAYGROUNDS , AND OTHER IMPROVEMEN TS 6
	105	+	NECESSARY FOR CARRYI NG OUT THE URBAN REN EWAL OBJECTIVES OF T HIS 7
	106	+	APPENDIX IN ACCORDAN CE WITH THE URBAN RENEW AL PLAN; 8
117	107
118		-	(B) THESE PROJECTS SHALL BE LIMITED:
	108	+	(4) DISPOSITION OF ANY PR OPERTY ACQUIRED IN T HE URBAN 9
	109	+	RENEWAL AREA , INCLUDING SALE , INITIAL LEASING , OR RETENTION BY THE 10
	110	+	MUNICIPALITY ITSELF , AT ITS FAIR VALUE FO R USES IN ACCORDANCE WITH THE 11
	111	+	URBAN RENEWAL PLAN ; 12
119	112
120		-	(1) TO BLIGHT CLEARANCE IN BLIGHTE D AREAS AND
121		-	REDEVELOPMENT OR THE REHABILITATION OF BL IGHTED AREAS ;
	113	+	(5) CARRYING OUT PLANS FOR A PROGRAM OF VOLUNTARY OR 13
	114	+	COMPULSORY REPAIR AN D REHABILITATION OF BUILDINGS OR OTHER 14
	115	+	IMPROVEMENTS IN ACCO RDANCE WITH THE URBA N RENEWAL PLAN ; 15
122	116
123		-	(2) ~~TO ACQUIRE~~ IN ~~CONNEC TION WITH THOSE PROJ ECTS, WITHIN~~
124		-	~~THE CORPORATE LIMITS OF THE MUNICIPALITY~~ , ~~LAND AND PROPERTY OF EVERY~~
125		-	~~KIND AND ANY RIGHT~~ , ~~INTEREST, FRANCHISE, EASEMENT, OR PRIVILEGE~~ ,
126		-	~~INCLUDING LAND~~ OR ~~PR OPERTY AND ANY RIGHT~~ OR ~~INTEREST ALREADY DEVOTED~~
127		-	~~TO PUBLIC USE,~~ ~~BY PURCHASE,~~ ~~LEASE, GIFT, CONDEMNATION~~ , OR ~~ANY OTHER LEGAL~~
128		-	~~MEANS~~; AND
	117	+	(6) ACQUISITION OF ANY OT HER REAL PROPERTY IN THE URBAN 16
	118	+	RENEWAL AREA WHERE N ECESSARY TO ELIMIN ATE UNHEALTHFUL , UNSANITARY, 17
	119	+	OR UNSAFE CONDITIONS , LESSEN DENSITY , ELIMINATE OBSOLETE O R OTHER USES 18
	120	+	DETRIMENTAL TO THE P UBLIC WELFARE , OR OTHERWISE TO REMO VE OR PREVENT 19
	121	+	THE SPREAD OF BLIGHT OR DETERIORATION , OR TO PROVIDE LAND F OR NEEDED 20
	122	+	PUBLIC FACILITIES ; AND 21
129	123
130		-	(3) TO SELL, LEASE, CONVEY, TRANSFER, OR OTHERWISE DISPOSE OF
131		-	ANY OF THE LAND OR P ROPERTY, REGARDLESS OF WHETHE R OR NOT IT HAS BEEN
132		-	DEVELOPED , REDEVELOPED , ALTERED, OR IMPROVED AND IRRE SPECTIVE OF THE
133		-	MANNER OR MEANS IN O R BY WHICH IT MAY HA VE BEEN ACQUIRED , TO ANY PRIVATE,
134		-	PUBLIC, OR QUASI–PUBLIC CORPORATION , PARTNERSHIP , ASSOCIATION, PERSON,
135		-	OR OTHER LEGAL ENTIT Y.
136		-	Ch. 600 2022 LAWS OF MARYLAND
	124	+	(7) THE PRESERVATION , IMPROVEMENT , OR EMBELLISHMENT OF 22
	125	+	HISTORIC STRUCTURES OR MONUMENTS . 23
137	126
138		-	– 4 –
139		-	(C) LAND OR PROPERTY TAKE N BY THE MUNICIPALIT Y FOR ANY OF THESE
140		-	PURPOSES OR IN CONNECTION WIT H THE EXERCISE OF AN Y OF THE POWERS WHIC H
141		-	ARE GRANTED BY THIS APPENDIX TO THE MUNI CIPALITY BY EXERCISI NG THE
142		-	POWER OF EMINENT DOM AIN MAY NOT BE TAKEN WITHOUT JUST COMPENS ATION,
143		-	AS AGREED ON BETWEEN THE PARTIES, OR AWARDED BY A JURY , BEING FIRST PAID
144		-	OR TENDERED TO THE P ARTY ENTITLED TO THE COMPENSATION .
	127	+	A1–102. POWERS. 24
145	128
146		-	(D) ALL LAND OR PROPERTY NEEDED OR TAKEN BY T HE EXERCISE OF THE
147		-	POWER OF EMINENT DOM AIN BY THE MUNICIPAL ITY FOR ANY OF THESE PURPOSES
148		-	OR IN CONNECTION WIT H THE EXERCISE OF AN Y OF THE POWERS GRANTED BY THIS
149		-	APPENDIX IS DECLARED TO BE NEEDED OR TAKE N FOR PUBLIC USES AN D
150		-	PURPOSES.
	129	+	(A) THE MUNICIPALITY MAY UNDERTAKE AND CARRY OUT URBAN RENEWAL 25
	130	+	PROJECTS IN AREAS OF THE MUNI CIPALITY THAT ARE ZO NED FOR COMMERCIAL 26
	131	+	USE. 27
151	132
152		-	(E) ANY OR ALL OF THE ACT IVITIES AUTHORIZED P URSUANT TO THIS
153		-	APPENDIX CONSTITUTE GOVERNMENTAL FUNCTIO NS UNDERTAKEN FOR PU BLIC
154		-	USES AND PURPOSES AN D THE POWER OF TAXATION MAY BE EXER CISED, PUBLIC
155		-	FUNDS EXPENDED , AND PUBLIC CREDIT EX TENDED IN FURTHERANC E OF THEM.
	133	+	(B) THESE PROJECTS SHALL BE LIMITED: 28
156	134
157		-	A1–103. ADDITIONAL POWERS .
	135	+	(1) TO BLIGHT CLEARANCE IN BLIGHTE D AREAS AND 29
	136	+	REDEVELOPMENT OR THE REHABILITATION OF BL IGHTED AREAS ; 30
158	137
159		-	THE MUNICIPALITY HAS THE FOLLOWING ADDITI ONAL POWERS . THESE
160		-	POWERS ARE DECLARED TO BE NECESSARY AND PROPER TO CARRY INTO FULL
161		-	FORCE AND EFFECT THE SPECIFIC POWERS GRAN TED IN THIS APPENDIX AND TO
162		-	FULLY ACCOMPLISH THE PURPOSES AND OBJECTS CONTEMPLATED BY THE
163		-	PROVISIONS OF THIS S ECTION:
	138	+	(2) TO ACQUIRE IN CONNECT ION WITH THOSE PROJE CTS, WITHIN 31 4 HOUSE BILL 543
164	139
165		-	(1) TO MAKE OR HAVE MADE ALL SURVEYS AND PLAN S NECESSARY TO
166		-	THE CARRYING OUT OF THE PURPOSES OF THIS APPENDIX AND TO ADOPT OR
167		-	APPROVE, MODIFY, AND AMEND THOSE PLAN S. THESE PLANS MAY INCLU DE, BUT
168		-	ARE NOT LIMITED TO :
169	140
170		-	(I) PLANS FOR CARRYING OU T A PROGRAM OF VOLUN TARY OR
171		-	COMPULSORY REPAIR AN D REHABILITATION OF BUILDINGS AND IMPROV EMENTS;
	141	+	THE CORPORATE LIMITS OF THE MUNICIPALITY , LAND AND PROP ERTY OF EVERY 1
	142	+	KIND AND ANY RIGHT , INTEREST, FRANCHISE, EASEMENT, OR PRIVILEGE , 2
	143	+	INCLUDING LAND OR PR OPERTY AND ANY RIGHT OR INTEREST ALREADY DEVOTED 3
	144	+	TO PUBLIC USE, BY PURCHASE, LEASE, GIFT, CONDEMNATION , OR ANY OTHER LEGAL 4
	145	+	MEANS; AND 5
172	146
173		-	(II) PLANS FOR THE ENFORCE MENT OF CODES AND
174		-	REGULATIONS RELATING TO THE USE OF LAND A ND THE USE AND OCCUP ANCY OF
175		-	BUILDINGS AND IMPROV EMENTS AND TO THE CO MPULSORY REPAIR ,
176		-	REHABILITATION , DEMOLITION, OR REMOVAL OF BUILDI NGS AND IMPROVEMENTS ;
177		-	AND
	147	+	(3) TO SELL, LEASE, CONVEY, TRANSFER, OR OTHERWISE DISPOSE OF 6
	148	+	ANY OF THE LAND OR P ROPERTY, REGARDLESS OF WHETHE R OR NOT IT HAS BEEN 7
	149	+	DEVELOPED , REDEVELOPED , ALTERED, OR IMPROVED AND IRRE SPECTIVE OF THE 8
	150	+	MANNER OR MEANS IN O R BY WHICH IT MAY HA VE BEEN ACQUIRED , TO ANY PRIVATE, 9
	151	+	PUBLIC, OR QUASI–PUBLIC CORPORATION , PARTNERSHIP , ASSOCIATION, PERSON, 10
	152	+	OR OTHER LEGAL ENTIT Y. 11
178	153
179		-	(III) APPRAISALS, TITLE SEARCHES , SURVEYS, STUDIES, AND
180		-	OTHER PLANS AND WORK NECESSARY TO PREPARE FOR THE UNDERTAKING OF LAWRENCE J. HOGAN, JR., Governor Ch. 600
	154	+	(C) LAND OR PROPERTY TAKE N BY THE MUNICIPALIT Y FOR ANY OF THESE 12
	155	+	PURPOSES OR IN CONNE CTION WITH THE EXERC ISE OF ANY OF THE PO WERS WHICH 13
	156	+	ARE GRANTED BY THIS APPENDIX TO THE MUNICIPALI TY BY EXERCISING THE 14
	157	+	POWER OF EMINENT DOM AIN MAY NOT BE TAKEN WITHOUT JUST COMPENS ATION, 15
	158	+	AS AGREED ON BETWEEN THE PARTIES, OR AWARDED BY A JURY , BEING FIRST PAID 16
	159	+	OR TENDERED TO THE P ARTY ENTITLED TO THE COMPENSATION . 17
181	160
182		-	– 5 –
183		-	URBAN RENEWAL PROJEC TS AND RELATED ACTIV ITIES, AND TO APPLY FOR ,
184		-	ACCEPT, AND UTILIZE GRANTS O F FUNDS FROM THE FED ERAL GOVERNMENT OR ANY
185		-	OTHER GOVERNMENTAL ENTITY FOR THOSE PURPOSES ;
	161	+	(D) ALL LAND OR PROPERTY NEEDED OR TA KEN BY THE EXERCISE OF THE 18
	162	+	POWER OF EMINENT DOM AIN BY THE MUNICIPAL ITY FOR ANY OF THESE PURPOSES 19
	163	+	OR IN CONNECTION WIT H THE EXERCISE OF AN Y OF THE POWERS GRAN TED BY THIS 20
	164	+	APPENDIX IS DECLARED TO BE NEEDED OR TAKE N FOR PUBLIC USES AN D 21
	165	+	PURPOSES. 22
186	166
187		-	(2) TO PREPARE PLANS FOR THE RELOCATION OF PE RSONS
188		-	(INCLUDING FAMILIES , BUSINESS CONCERNS , AND OTHERS ) DISPLACED FROM AN
189		-	URBAN RENEWAL AREA , AND TO MAKE RELOCATI ON PAYMENTS TO OR WI TH
190		-	RESPECT TO THOSE PER SONS FOR MOVING EXPENSES AND LOSSES OF PROPERTY
191		-	FOR WHICH REIMBURSEM ENT OR COMPENSATION IS NOT OTHERWISE MAD E,
192		-	INCLUDING THE MAKING OF PAYMENTS FINANCED BY THE FEDERAL GOVER NMENT;
	167	+	(E) ANY OR ALL OF THE ACT IVITIES AUTHORIZED P URSUANT TO THIS 23
	168	+	APPENDIX CONSTITUTE GOVERNMENTAL FUNCTIO NS UNDERTAKEN FOR PU BLIC 24
	169	+	USES AND PURPOSES AN D THE POWER OF TAXAT ION MAY BE EXERCISED , PUBLIC 25
	170	+	FUNDS EXPENDED , AND PUBLIC CREDIT EX TENDED IN FURTHER ANCE OF THEM . 26
193	171
194		-	(3) TO APPROPRIATE WHATEV ER FUNDS AND MAKE WH ATEVER
195		-	EXPENDITURES AS MAY BE NECESSA RY TO CARRY OUT THE PURPOSES OF THIS
196		-	APPENDIX, INCLUDING, BUT NOT LIMITED :
	172	+	A1–103. ADDITIONAL POWERS . 27
197	173
198		-	(I) TO THE PAYMENT OF ANY AND ALL COSTS AND EX PENSES
199		-	INCURRED IN CONNECTI ON WITH, OR INCIDENTAL TO , THE ACQUISITION OF L AND
200		-	OR PROPERTY , AND FOR THE DEMOLITI ON, REMOVAL, RELOCATION, RENOVATION,
201		-	OR ALTERATION OF LAN D, BUILDINGS, STREETS, HIGHWAYS, ALLEYS, UTILITIES, OR
202		-	SERVICES, AND OTHER STRUCTURES OR IMPROVEMENTS , AND FOR THE
203		-	CONSTRUCTION , RECONSTRUCTION , INSTALLATION, RELOCATION , OR REPAIR OF
204		-	STREETS, HIGHWAYS, ALLEYS, UTILITIES, OR SERVICES , IN CONNECTION WITH
205		-	URBAN RENEWAL PROJEC TS;
	174	+	THE MUNICIPALITY HAS THE FOLLOWING ADDITI ONAL POWERS . THESE 28
	175	+	POWERS ARE DECLARED TO BE NECESSARY AND PROPER TO CARRY INTO FULL 29
	176	+	FORCE AND EFFECT THE SPECIFIC POWERS GRAN TED IN THIS APPENDIX AND TO 30
	177	+	FULLY ACCOMPLISH THE PURPOSES AND OBJ ECTS CONTEMPLATED BY THE 31
	178	+	PROVISIONS OF THIS S ECTION: 32
206	179
207		-	(II) TO LEVY TAXES AND ASS ESSMENTS FOR THOSE P URPOSES;
	180	+	(1) TO MAKE OR HAVE MADE ALL SURVEYS AND PLAN S NECESSARY TO 33
	181	+	THE CARRYING OUT OF THE PURPOSES OF THIS APPENDIX AND TO ADOP T OR 34
	182	+	APPROVE, MODIFY, AND AMEND THOSE PLAN S. THESE PLANS MA Y INCLUDE, BUT 35
	183	+	ARE NOT LIMITED TO : 36 HOUSE BILL 543 5
208	184
209		-	(III) TO BORROW MONEY AND T O APPLY FOR AND ACCE PT
210		-	ADVANCES, LOANS, GRANTS, CONTRIBUTIONS , AND ANY OTHER FORM O F FINANCIAL
211		-	ASSISTANCE FROM THE FEDERAL GOV ERNMENT, THE STATE, COUNTY, OR OTHER
212		-	PUBLIC BODIES, OR FROM ANY SOURCES , PUBLIC OR PRIVATE , FOR THE PURPOSES
213		-	OF THIS APPENDIX , AND TO GIVE WHATEVER SECURITY AS MAY BE R EQUIRED FOR
214		-	THIS FINANCIAL ASSIS TANCE; AND
215	185
216		-	(IV) TO INVEST ANY UR BAN RENEWAL FUNDS HE LD IN RESERVES
217		-	OR SINKING FUNDS OR ANY OF THESE FUNDS N OT REQUIRED FOR IMME DIATE
218		-	DISBURSEMENT IN PROP ERTY OR SECURITIES W HICH ARE LEGAL INVES TMENTS FOR
219		-	OTHER MUNICIPAL FUND S;
220	186
221		-	(4) (I) TO HOLD , IMPROVE, CLEAR, OR PREPARE FOR
222		-	REDEVELOPM ENT ANY PROPERTY ACQ UIRED IN CONNECTION WITH URBAN
223		-	RENEWAL PROJECTS ;
	187	+	(I) PLANS FOR CARRYING OU T A PROGRAM OF VOLUN TARY OR 1
	188	+	COMPULSORY REPAIR AN D REHABILITATION OF BUILDINGS AND IMPROV EMENTS; 2
224	189
225		-	(II) TO MORTGAGE , PLEDGE, HYPOTHECATE , OR OTHERWISE Ch. 600 2022 LAWS OF MARYLAND
	190	+	(II) PLANS FOR THE ENFORCE MENT OF CODES AND 3
	191	+	REGULATIONS RELATING TO THE USE OF LAND A ND THE USE AND OCCUPANCY OF 4
	192	+	BUILDINGS AND IMPROV EMENTS AND TO THE CO MPULSORY REPAIR , 5
	193	+	REHABILITATION , DEMOLITION, OR REMOVAL OF BUILDI NGS AND IMPROVEMENTS ; 6
	194	+	AND 7
226	195
227		-	– 6 –
228		-	ENCUMBER THAT PROPER TY; AND
	196	+	(III) APPRAISALS, TITLE SEARCHES , SURVEYS, STUDIES, AND 8
	197	+	OTHER PLANS AND WORK NECESSARY TO PREPARE FOR THE UNDERTAKING O F 9
	198	+	URBAN RENEWAL PROJEC TS AND RELATED ACTIV ITIES, AND TO APPLY FOR , 10
	199	+	ACCEPT, AND UTILIZE GRANTS O F FUNDS FROM THE FED ERAL GOVERNMENT OR ANY 11
	200	+	OTHER GOVERNMENTAL E NTITY FOR THOSE PURP OSES; 12
229	201
230		-	(III) TO INSURE OR PROVIDE FOR THE INSURANCE OF THE
231		-	PROPERTY OR OPERATIO NS OF THE MUNICIPALI TY AGAINST ANY RISKS OR
232		-	HAZARDS, INCLUDING THE POWER TO PAY PREMIUMS ON A NY INSURANCE ;
	202	+	(2) TO PREPARE PLANS FOR THE RELOCATION OF PERSONS 13
	203	+	(INCLUDING FAMILIES , BUSINESS CONCERNS , AND OTHERS ) DISPLACED FROM AN 14
	204	+	URBAN RENEWAL AREA , AND TO MAKE RELOCATI ON PAYMENTS TO OR WI TH 15
	205	+	RESPECT TO THOSE PER SONS FOR MOVING EXPE NSES AND LOSSES OF P ROPERTY 16
	206	+	FOR WHICH REIMBURSEM ENT OR COMPENSATION IS NOT OTHERWISE MADE , 17
	207	+	INCLUDING THE MAKING OF PAYMENTS FINANCED BY THE FEDERAL GOVER NMENT; 18
233	208
234		-	(5) TO MAKE AND EXECUTE A LL CONTRACTS AND OTH ER
235		-	INSTRUMENTS NECESSAR Y OR CONVENIENT TO T HE EXERCISE OF ITS P OWERS
236		-	UNDER THIS APPENDIX , INCLUDING THE POWER TO ENTER INTO AGRE EMENTS WITH
237		-	OTHER PUBLIC BODIES OR AGENCIES (THESE AGREEMENTS MAY EXTEND OVER ANY
238		-	PERIOD, NOTWITHSTANDING ANY PROVISION OR RULE OF LAW TO THE CONTRARY ),
239		-	AND TO INCLUDE IN AN Y CONTRACT FOR FINAN CIAL ASSISTANCE WITH THE
240		-	FEDERAL GOVERNMENT F OR OR WITH RESPECT TO AN URBAN RENEWAL PROJECT
241		-	AND RELATED ACTIVITI ES ANY CONDITIONS IM POSED PURSUANT TO FE DERAL LAWS
242		-	AS THE MUNICIPALITY CONSIDERS REASONABLE AND APPROPRIATE ;
	209	+	(3) TO APPROPRIATE WHATEV ER FUNDS AND MAKE WH ATEVER 19
	210	+	EXPENDITURES AS MAY BE NECESSARY TO CARR Y OUT THE PURPOSES O F THIS 20
	211	+	APPENDIX, INCLUDING, BUT NOT LIMITED : 21
243	212
244		-	(6) TO ENTER INTO ANY BUI LDING OR PROPERTY IN ANY URBAN
245		-	RENEWAL AREA IN ORDE R TO MAKE INSPECTIO NS, SURVEYS, APPRAISALS,
246		-	SOUNDINGS, OR TEST BORINGS, AND TO OBTAIN AN ORD ER FOR THIS PURPOSE FROM
247		-	THE CIRCUIT COURT FO R THE COUNTY IN WHIC H THE MUNICIPALITY I S SITUATED IN
248		-	THE EVENT ENTRY IS D ENIED OR RESISTED ;
	213	+	(I) TO THE PAYMENT OF ANY A ND ALL COSTS AND EXP ENSES 22
	214	+	INCURRED IN CONNECTI ON WITH, OR INCIDENTAL TO , THE ACQUISITION OF L AND 23
	215	+	OR PROPERTY , AND FOR THE DEMOLITI ON, REMOVAL, RELOCATION , RENOVATION , 24
	216	+	OR ALTERATION OF LAN D, BUILDINGS, STREETS, HIGHWAYS, ALLEYS, UTILITIES, OR 25
	217	+	SERVICES, AND OTHER STRUCTURES OR IMPROVEMENTS , AND FOR THE 26
	218	+	CONSTRUCTION , RECONSTRUCTION , INSTALLATION, RELOCATION, OR REPAIR OF 27
	219	+	STREETS, HIGHWAYS, ALLEYS, UTILITIES, OR SERVICES, IN CONNECTION WITH 28
	220	+	URBAN RENEWAL PROJEC TS; 29
249	221
250		-	(7) TO PLAN, REPLAN, INSTALL, CONSTRUCT , RECONSTRUCT ,
251		-	REPAIR, CLOSE, OR VACATE STREETS , ROADS, SIDEWALKS, PUBLIC UTILITIES ,
252		-	PARKS, PLAYGROUNDS , AND OTHER PUBLIC IMP ROVEMENTS IN CONNECT ION WITH
253		-	AN URBAN RENEWAL PRO JECT AND TO MAKE EXCEPTIO NS FROM BUILDING
254		-	REGULATIONS ;
	222	+	(II) TO LEVY TAXES AND ASSESSMENTS FOR THOS E PURPOSES; 30
255	223
256		-	(8) TO ~~GENERALLY ORGANIZE , COORDINATE ,~~ AND ~~DIRECT THE~~
257		-	~~ADMINISTRATION OF TH E PROVISIONS OF THIS APPENDIX AS THEY APP LY TO THE~~
258		-	~~MUNICIPALITY IN ORDE R THAT~~ THE ~~OBJECTIVE OF REMEDYING BLIGHTE D AREAS~~
259		-	~~AND PREVENTING ITS C AUSES WITHIN~~ THE ~~MUN ICIPALITY MAY BE PRO MOTED AND~~
260		-	~~ACHIEVED MOST EFFEC TIVELY;~~ AND
	224	+	(III) TO BORROW MONEY AND T O APPLY FOR AND ACCE PT 31
	225	+	ADVANCES, LOANS, GRANTS, CONTRIBUTIONS , AND ANY OTHER FORM O F FINANCIAL 32
	226	+	ASSISTANCE FROM THE FEDERAL GOVERNMENT , THE STATE, COUNTY, OR OTHER 33
	227	+	PUBLIC BODIES, OR FROM ANY SOU RCES, PUBLIC OR PRIVATE , FOR THE PURPOSES 34
	228	+	OF THIS APPENDIX , AND TO GIVE WHATEVER SECURITY AS MAY BE R EQUIRED FOR 35 6 HOUSE BILL 543
261	229
262		-	(9) TO EXERCISE ALL OR AN Y PART OR COMBINATIO N OF THE
263		-	POWERS GRANTED IN TH IS APPENDIX.
264	230
265		-	~~A1–104. ESTABLISHMENT OF URBA N RENEWAL AGENCY .~~
	231	+	THIS FINANCIAL ASSIS TANCE; AND 1
266	232
267		-	(A) A MUNICIPALITY MAY ITS ELF EXERCISE ALL THE POWERS GRANTED BY
268		-	THIS APPENDIX , OR MAY, IF ITS LEGISLATIVE BODY BY ORDINANCE DETERMINES
269		-	THE ACTION TO BE IN THE PUBLIC INTEREST , ELECT TO HAVE THE PO WERS LAWRENCE J. HOGAN, JR., Governor Ch. 600
	233	+	(IV) TO INVEST ANY URBAN R ENEWAL FUNDS HELD IN RESERVES 2
	234	+	OR SINKING FUNDS OR ANY OF THESE FUNDS N OT REQUIRED FOR IMMEDIATE 3
	235	+	DISBURSEMENT IN PROP ERTY OR SECURITIES W HICH ARE LEGAL INVES TMENTS FOR 4
	236	+	OTHER MUNICIPAL FUND S; 5
270	237
271		-	– 7 –
272		-	EXERCISED BY A SEPAR ATE PUBLIC BODY OR A GENCY.
	238	+	(4) (I) TO HOLD , IMPROVE, CLEAR, OR PREPARE FOR 6
	239	+	REDEVELOPMENT ANY PR OPERTY ACQUIRED IN C ONNECTION WITH URBAN 7
	240	+	RENEWAL PROJECTS ; 8
273	241
274		-	(B) IN THE EVENT THE LEGI SLATIVE BODY MAKES T HAT DETERMINATION ,
275		-	IT SHALL PROCEED BY ORDINANCE TO EST ABLISH A PUBLIC BODY OR AGENCY TO
276		-	UNDERTAKE IN THE MUN ICIPALITY THE ACTIVI TIES AUTHORIZED BY T HIS
277		-	APPENDIX.
	242	+	(II) TO MORTGA GE, PLEDGE, HYPOTHECATE , OR OTHERWISE 9
	243	+	ENCUMBER THAT PROPER TY; AND 10
278	244
279		-	(C) THE ORDINANCE SHALL I NCLUDE PROVISIONS ES TABLISHING THE
280		-	NUMBER OF MEMBERS OF THE PUBLIC BODY OR A GENCY, THE MANNER OF THEIR
281		-	APPOINTMENT AND RE MOVAL, AND THE TERMS OF THE MEMBERS AND THEIR
282		-	COMPENSATION .
	245	+	(III) TO INSURE OR PROVIDE FOR THE INSURANCE OF THE 11
	246	+	PROPERTY OR OPERATIO NS OF THE MUNICIPALI TY AGAINST ANY RISKS OR 12
	247	+	HAZARDS, INCLUDING THE POWER TO PAY PREMIUMS ON A NY INSURANCE ; 13
283	248
284		-	(D) THE ORDINANCE MAY INC LUDE WHATEVER ADDITI ONAL PROVISIONS
285		-	RELATING TO THE ORGA NIZATION OF THE PUBL IC BODY OR AGENCY AS MAY BE
286		-	NECESSARY.
	249	+	(5) TO MAKE AND EXECUTE A LL CONTRACTS AND OTH ER 14
	250	+	INSTRUMENTS NECESSAR Y OR CONVENIENT TO T HE EXERCISE OF ITS P OWERS 15
	251	+	UNDER THIS APPENDIX , INCLUDING THE POWER TO ENTER INTO AGREEM ENTS WITH 16
	252	+	OTHER PUBLIC BODIES OR AGENCIES (THESE AGREEMENTS MAY EXTEND OVER ANY 17
	253	+	PERIOD, NOTWITHSTANDING ANY PROVISION OR RULE OF LAW TO THE CONTRARY ), 18
	254	+	AND TO INCLUDE IN AN Y CONTRACT FOR FINAN CIAL ASSISTANCE WITH THE 19
	255	+	FEDERAL GOVERNMENT F OR OR WITH RESPECT T O AN URBAN RENEWAL P ROJECT 20
	256	+	AND RELATED ACTIVITI ES ANY CONDITIONS IM POSED PURSUANT TO FEDERAL LAWS 21
	257	+	AS THE MUNICIPALITY CONSIDERS REASONABLE AND APPROPRIATE ; 22
287	258
288		-	(E) IN THE EVENT THE LEGI SLATIVE BODY ENACTS THIS ORDINANCE, ALL
289		-	OF THE POWERS BY THI S APPENDIX GRANTED T O THE MUNICIPALITY , FROM THE
290		-	EFFECTIVE DATE OF TH E ORDINANCE, ARE VESTED IN THE PU BLIC BODY OR AGENCY
291		-	ESTABLISHED BY THE O RDINANCE.
	259	+	(6) TO ENTER INTO ANY BUI LDING OR PROPERTY IN ANY URBAN 23
	260	+	RENEWAL AREA IN ORDE R TO MAKE INSPECTION S, SURVEYS, APPRAISALS, 24
	261	+	SOUNDINGS, OR TEST BORINGS , AND TO OBTAIN AN ORD ER FOR THIS PURPOSE FROM 25
	262	+	THE CIRCUIT COURT FO R THE COUNTY IN WHIC H THE MUNICIPALITY I S SITUATED IN 26
	263	+	THE EVENT ENTRY IS D ENIED OR RESISTED ; 27
292	264
293		-	A1–105. POWERS WITHHELD FROM THE AGENCY.
	265	+	(7) TO PLAN, REPLAN, INSTALL, CONSTRUCT, RECONSTRUCT , 28
	266	+	REPAIR, CLOSE, OR VACATE STREETS , ROADS, SIDEWALKS, PUBLIC UTILITIES , 29
	267	+	PARKS, PLAYGROUNDS , AND OTHER PUBLIC IMP ROVEMENTS IN CONNECT ION WITH 30
	268	+	AN URBAN RENEWAL PRO JECT AND TO MAKE EXCEPTIO NS FROM BUILDING 31
	269	+	REGULATIONS ; 32
294	270
295		-	THE AGENCY MAY NOT :
	271	+	(8) TO GENERALLY ORGANIZE , COORDINATE , AND DIRECT THE 33
	272	+	ADMINISTRATION OF TH E PROVISIONS OF THIS APPENDIX AS THEY AP PLY TO THE 34
	273	+	MUNICIPALITY IN ORDE R THAT THE OBJECTIVE OF REMEDYING BLIGHTE D AREAS 35 HOUSE BILL 543 7
296	274
297		-	(1) PASS A RESOLUTION TO INITIATE AN URBAN RE NEWAL PROJECT
298		-	PURSUANT TO SECTIONS A1–102 AND A1–103 OF THIS APPENDIX ;
299	275
300		-	~~(2) ISSUE GENERAL OBLIGAT ION BONDS PURSUANT T O SECTION~~
301		-	~~A1–111 OF THIS APPENDIX~~ ; OR
	276	+	AND PREVENTING ITS C AUSES WITHIN THE MUN ICIPALITY MAY BE PRO MOTED AND 1
	277	+	ACHIEVED MOST EFFECT IVELY; AND 2
302	278
303		-	(3) ~~APPROPRIATE FUNDS~~ OR ~~LEVY TAXES AND ASSES SMENTS~~
304		-	~~PURSUANT TO SECTION A1–103(3) OF~~ THIS APPENDIX .
	279	+	(9) TO EXERCISE ALL OR AN Y PART OR COMBINATIO N OF THE 3
	280	+	POWERS GRANTED IN THIS APPENDIX. 4
305	281
306		-	A1–~~106~~. ~~INITIATION~~ OF ~~PROJECT~~ .
	282	+	A1–104. ESTABLISHMENT OF URBA N RENEWAL AGENCY . 5
307	283
308		-	IN ORDER TO INITIATE AN URBAN RENEWAL PRO JECT, THE LEGISLATIVE
309		-	BODY OF THE MUNICIPA LITY SHALL ADOPT A R ESOLUTION WHICH :
	284	+	(A) A MUNICIPALITY MAY ITS ELF EXERCISE ALL THE POWERS GRANTED BY 6
	285	+	THIS APPENDIX , OR MAY, IF ITS LEGISLATIVE B ODY BY ORDINANCE DET ERMINES 7
	286	+	THE ACTION TO BE IN THE PUBLIC INTEREST , ELECT TO HAVE THE POWERS 8
	287	+	EXERCISED BY A SEPAR ATE PUBLIC BODY OR A GENCY. 9
310	288
311		-	(1) FINDS THAT ONE OR MOR E BLIGHTED AREAS EXI ST IN THE
312		-	MUNICIPALITY ;
	289	+	(B) IN THE EVENT THE LEGI SLATIVE BODY MAKES T HAT DETERMINATION , 10
	290	+	IT SHALL PROCEED BY ORDINANCE TO ESTABLI SH A PUBLIC BODY OR AGENCY TO 11
	291	+	UNDERTAKE IN THE MUN ICIPALITY THE ACTIVI TIES AUTHORIZED BY T HIS 12
	292	+	APPENDIX. 13
313	293
314		-	(2) LOCATES AND DEFINES T HE BLIGHTED AREA ; AND Ch. 600 2022 LAWS OF MARYLAND
	294	+	(C) THE ORDINANCE SHALL I NCLUDE PROVISIONS ES TABLISHING THE 14
	295	+	NUMBER OF MEMBERS OF THE PUBLIC BODY OR A GENCY, THE MANNER OF THEIR 15
	296	+	APPOINTMENT AND REMO VAL, AND THE TERMS OF THE MEMBERS AND THEIR 16
	297	+	COMPENSATION . 17
315	298
316		-	– 8 –
	299	+	(D) THE ORDINANCE MAY INC LUDE WHAT EVER ADDITIONAL PROV ISIONS 18
	300	+	RELATING TO THE ORGA NIZATION OF THE PUBL IC BODY OR AGENCY AS MAY BE 19
	301	+	NECESSARY. 20
317	302
318		-	(3) ~~FINDS THAT~~ THE ~~REHABI LITATION,~~ ~~REDEVELOPMENT~~ , ~~OR A~~
319		-	~~COMBINATION OF THEM ,~~ OF THE ~~AREA OR AREAS~~ , ~~IS NECESSARY AND IN~~ THE
320		-	~~INTEREST~~ OF THE ~~PUBL IC HEALTH~~, ~~SAFETY, MORALS,~~ OR ~~WELFARE OF TH E~~
321		-	~~RESIDENTS OF~~ THE ~~MUN ICIPALITY~~.
	303	+	(E) IN THE EVENT THE LEGI SLATIVE BODY ENACTS THIS ORDINANCE , ALL 21
	304	+	OF THE POWERS BY THI S APPENDIX GRANTED T O THE MUNICIPALITY , FROM THE 22
	305	+	EFFECTIVE DATE OF THE ORDINANCE , ARE VESTED IN THE PU BLIC BODY OR AGENCY 23
	306	+	ESTABLISHED BY THE O RDINANCE. 24
322	307
323		-	A1–~~107~~. ~~PREPARATION AND APPRO VAL OF PLAN FOR URBA N RENEWAL PROJECT~~ .
	308	+	A1–105. POWERS WITHHELD FROM THE AGENCY. 25
324	309
325		-	(A) IN ORDER TO CARRY OUT THE PURPOSES OF THIS APPENDIX, THE
326		-	MUNICIPALITY SHALL H AVE PREPARED AN URBA N RENEWAL PLAN FOR B LIGHTED
327		-	AREAS IN THE MUNICIP ALITY AND SHALL APPROVE TH E PLAN FORMALLY . THE
328		-	MUNICIPALITY SHALL H OLD A PUBLIC HEARING ON AN URBAN RENEWAL PROJECT
329		-	AFTER PUBLIC NOTICE OF IT BY PUBLICATION IN A NEWSPAPER HAVIN G A GENERAL
330		-	CIRCULATION WITHIN T HE CORPORATE LIMITS OF THE MUNICIPALITY . THE NOTICE
331		-	SHALL DESCRIBE THE T IME, DATE, PLACE, AND PURPOSE OF THE H EARING, SHALL
332		-	GENERALLY IDENTIFY T HE URBAN RENEWAL ARE A COVERED BY THE PLA N, AND
333		-	SHALL OUTLINE THE GE NERAL SCOPE OF THE U RBAN RENEWAL PROJECT UNDER
334		-	CONSIDERATION . FOLLOWING THE HEARING , THE MUNICIPALITY MAY APPROVE A N
335		-	URBAN RENEWAL PROJEC T AND THE PLAN THERE FOR IF IT FINDS THAT :
	310	+	THE AGENCY MAY NOT : 26
336	311
337		-	(1) A FEASIBLE METHOD EXIS TS FOR THE LOCATION OF ANY
338		-	FAMILIES OR NATURAL PERSONS WHO WILL BE DISPLACED FROM THE U RBAN
339		-	RENEWAL AREA IN DECE NT, SAFE, AND SANITARY DWELLIN G ACCOMMODATIONS
340		-	WITHIN THEIR MEANS A ND WITHOUT UNDUE HAR DSHIP TO THE FAMILIE S OR
341		-	NATURAL PERSONS ;
	312	+	(1) PASS A RESOLUTION TO INITIATE AN URBAN RE NEWAL PROJECT 27
	313	+	PURSUANT TO SECTIONS A1–102 AND A1–103 OF THIS APPENDIX; 28
342	314
343		-	(2) ~~THE URBAN RENEWAL PLA N CONFORMS SUBSTANTI ALLY TO THE~~
344		-	~~MASTER PLAN~~ OF ~~THE M UNICIPALITY AS A WHO LE~~; ~~AND~~
	315	+	(2) ISSUE GENERAL OBLIGAT ION BONDS PURSUANT T O SECTION 29
	316	+	A1–111 OF THIS APPENDIX ; OR 30
345	317
346		-	(3) THE URBAN RENEWAL PLA N WILL AFFORD MAXIMU M
347		-	OPPORTUNITY , CONSISTENT WITH THE SOUND NEEDS OF THE M UNICIPALITY AS A
348		-	WHOLE, FOR THE REHABILITATI ON OR REDEVELOPMENT OF THE URBAN RENEWAL
349		-	AREA BY PRIVATE ENTE RPRISE.
	318	+	(3) APPROPRIATE FUNDS OR LEVY TAXES AND ASSES SMENTS 31 8 HOUSE BILL 543
350	319
351		-	(B) AN URBAN RENEWAL PLAN MAY BE MODIFIED AT A NY TIME. IF
352		-	MODIFIED AFTER THE L EASE OR SALE OF REAL PROPERTY IN THE URBAN RENEWAL
353		-	PROJECT AREA , THE MODIFICATION MAY BE CONDITIONED ON WH ATEVER
354		-	APPROVAL OF THE OWNE R, LESSEE, OR SUCCESSOR IN INTE REST AS THE
355		-	MUNICIPALITY CONSIDE RS ADVISABLE. IN ANY EVENT, IT SHALL BE SUBJECT TO
356		-	WHATEVER RIGHTS AT LAW OR IN EQUITY AS A LESSEE OR PURCHASE R, OR THE
357		-	SUCCESSOR OR SUCCESS ORS IN INTEREST, MAY BE ENTITLED TO A SSERT. WHERE
358		-	THE PROPOSED MODIFIC ATION WILL CHANGE SU BSTANTIALLY THE URBA N LAWRENCE J. HOGAN, JR., Governor Ch. 600
359	320
360		-	– 9 –
361		-	RENEWAL PLAN AS APPR OVED PREVIOUSLY BY T HE MUNICIPALITY , THE
362		-	MODIFICATION SHALL BE APPROVED FO RMALLY BY THE MUNICI PALITY, AS IN THE
363		-	CASE OF AN ORIGINAL PLAN.
	321	+	PURSUANT TO SECTION A1–103(3) OF THIS APPENDIX . 1
364	322
365		-	(C) ON THE APPROVAL BY TH E MUNICIPALITY OF AN URBAN RENEWAL PLAN
366		-	OR OF ANY MODIFICATI ON OF IT, THE PLAN OR MODIFICA TION SHALL BE
367		-	CONSIDERED TO BE IN FULL FORCE AND EFFEC T FOR THE RESPECTIVE U RBAN
368		-	RENEWAL AREA . THE MUNICIPALITY MAY HAVE THE PLAN OR MOD IFICATION
369		-	CARRIED OUT IN ACCOR DANCE WITH ITS TERMS .
	323	+	A1–106. INITIATION OF PROJECT . 2
370	324
371		-	A1–108. DISPOSAL OF PROPERTY IN URBAN RENEWAL ARE A.
	325	+	IN ORDER TO INIT IATE AN URBAN RENEWA L PROJECT, THE LEGISLATIVE 3
	326	+	BODY OF THE MUNICIPA LITY SHALL ADOPT A R ESOLUTION WHICH : 4
372	327
373		-	(A) THE MUNICIPALITY , BY ORDINANCE , MAY SELL, LEASE, OR OTHERWISE
374		-	TRANSFER REAL PROPER TY OR ANY INTEREST I N IT ACQUIRED BY IT FOR AN URBAN
375		-	RENEWAL PROJECT TO A NY PERSON FOR RESIDE NTIAL, RECREATIONAL ,
376		-	COMMERCIAL , INDUSTRIAL, EDUCATIONAL , OR OTHER USES OR FOR PUBLIC USE, OR
377		-	IT MAY RETAIN THE PR OPERTY OR INTEREST F OR PUBLIC USE, IN ACCORDANCE
378		-	WITH THE URBAN RENEW AL PLAN AND SUBJECT TO WHATEVER COVENANT S,
379		-	CONDITIONS, AND RESTRICTIONS , INCLUDING COVENANTS RUNNING WITH THE
380		-	LAND, AS IT CONSIDERS NECE SSARY OR DESIRABLE T O ASSIST IN PREVENTI NG THE
381		-	DEVELOPMENT OR SPREA D OF FUTURE BLIGHTED AREAS OR TO OTHERWISE CARRY
382		-	OUT THE PURPOSES OF THIS APPENDIX. THE PURCHASERS OR LES SEES AND THEIR
383		-	SUCCESSORS AND ASSIG NS SHALL BE OBLIGATE D TO DEVOTE THE REAL PROPERTY
384		-	ONLY TO THE USES SPE CIFIED IN THE URBAN RENEWAL PLAN AND MAY BE
385		-	OBLIGATED TO CO MPLY WITH WHATEVER O THER REQUIREMENTS TH E
386		-	MUNICIPALITY DETERMI NES TO BE IN THE PUB LIC INTEREST, INCLUDING THE
387		-	OBLIGATION TO BEGIN WITHIN A REASONABLE TIME ANY IMPROVEMENT S ON THE
388		-	REAL PROPERTY REQUIR ED BY THE URBAN RENE WAL PLAN. THE REAL PROPERTY
389		-	OR INTEREST MAY NOT BE SOLD , LEASED, OTHERWISE TRANSFERRE D, OR RETAINED
390		-	AT LESS THAN ITS FAI R VALUE FOR USES IN ACCORDANCE WITH THE URBAN
391		-	RENEWAL PLAN . IN DETERMINING THE FA IR VALUE OF REAL PRO PERTY FOR USES
392		-	IN ACCORDANCE WITH T HE URBAN RENEWAL PLA N, THE MUNICIPALI TY SHALL TAKE
393		-	INTO ACCOUNT AND GIV E CONSIDERATION TO T HE USES PROVIDED IN THE PLAN,
394		-	THE RESTRICTIONS ON , AND THE COVENANTS , CONDITIONS, AND OBLIGATIONS
395		-	ASSUMED BY THE PURCH ASER OR LESSEE OR BY THE MUNICIPALITY RET AINING THE
396		-	PROPERTY, AND THE OBJECTIVES O F THE PLAN FOR THE PRE VENTION OF THE
397		-	RECURRENCE OF BLIGHT ED AREAS. IN ANY INSTRUMENT OR CONVEYANCE TO A
398		-	PRIVATE PURCHASER OR LESSEE, THE MUNICIPALITY MAY PROVIDE THAT THE
399		-	PURCHASER OR LESSEE MAY NOT SELL, LEASE, OR OTHERWISE TRANSFE R THE REAL
400		-	PROPERTY WITHOU T THE PRIOR WRITTEN CONSENT OF THE MUNIC IPALITY UNTIL
401		-	THE PURCHASER OR LES SEE HAS COMPLETED TH E CONSTRUCTION OF AN Y OR ALL
402		-	IMPROVEMENTS WHICH T HE PURCHASER OR LESS EE HAS BEEN OBLIGATE D TO
403		-	CONSTRUCT ON THE PRO PERTY. REAL PROPERTY ACQUIRE D BY THE MUNICIPALIT Y Ch. 600 2022 LAWS OF MARYLAND
	328	+	(1) FINDS THAT ONE OR MOR E BLIGHTED AREAS EXI ST IN THE 5
	329	+	MUNICIPALITY; 6
404	330
405		-	– 10 –
406		-	WHICH, IN ACCORDANCE WITH T HE PROVISIONS OF THE URBAN RENEWAL PLAN , IS
407		-	TO BE TRANSFERRED , SHALL BE TRANSFERRED AS RAPIDLY AS FEASIB LE IN THE
408		-	PUBLIC INTEREST CONS ISTENT WITH THE CARR YING OUT OF THE PROV ISIONS OF
409		-	THE URBAN RENEWAL PL AN. ANY CONTRACT FOR TH E TRANSFER AND THE U RBAN
410		-	RENEWAL PLAN (OR ANY PART OR PARTS OF THE CONTRACT OR P LAN AS THE
411		-	MUNICIPALITY DETERMI NES) MAY BE RECORDED IN T HE LAND RECORDS OF T HE
412		-	COUNTY IN WHICH THE MUNICIPALITY IS SITU ATED IN A MANNER SO AS TO AFFORD
413		-	ACTUAL OR CONSTRUCTI VE NOTICE OF IT.
	331	+	(2) LOCATES AND DEFINES T HE BLIGHTED AREA ; AND 7
414	332
415		-	(B) THE MUNICIPALITY , BY ORDINANCE , MAY DISPOSE OF REAL PROPERTY
416		-	IN AN URBAN RENEWAL AREA TO PRIVATE PERS ONS. THE MUNICIPALITY MAY , BY
417		-	PUBLIC NOTICE BY PUB LICATION IN A NEWSPA PER HAVING A GENERAL
418		-	CIRCULATION IN THE C OMMUNITY, INVITE PROPOSAL S FROM AND MAKE AVAI LABLE
419		-	ALL PERTINENT INFORM ATION TO PRIVATE RED EVELOPERS OR ANY PER SONS
420		-	INTERESTED IN UNDERT AKING TO REDEVELOP O R REHABILITATE AN UR BAN
421		-	RENEWAL AREA , OR ANY PART THEREOF . THE NOTICE SHALL IDEN TIFY THE AREA,
422		-	OR PORTION THEREOF , AND SHALL STATE THAT PROPOSALS SHALL BE MADE BY
423		-	THOSE INTERESTED WIT HIN A SPECIFIED PERI OD. THE MUNICIPALITY SHAL L
424		-	CONSIDER ALL REDEVEL OPMENT OR REHABILITA TION PROPOSALS AND T HE
425		-	FINANCIAL AND LEGAL ABILITY OF THE PERSO NS MAKING PROPOSALS TO CARRY
426		-	THEM OUT, AND MAY N EGOTIATE WITH ANY PE RSONS FOR PROPOSALS FOR THE
427		-	PURCHASE, LEASE, OR OTHER TRANSFER OF ANY REAL PROPERTY AC QUIRED BY
428		-	THE MUNICIPALITY IN THE URBAN RENEWAL AR EA. THE MUNICIPALITY MAY ACCEPT
429		-	ANY PROPOSAL AS IT D EEMS TO BE IN THE PU BLIC INTEREST AND IN FURTHERANCE
430		-	OF THE PURPOSES OF T HIS APPENDIX. THEREAFTER, THE MUNICIPALITY MAY
431		-	EXECUTE AND DELIVER CONTRACTS, DEEDS, LEASES, AND OTHER INSTRUMENT S
432		-	AND TAKE ALL STEPS N ECESSARY TO EFFECTUA TE THE TRANSFERS .
	333	+	(3) FINDS THAT THE REHABI LITATION, REDEVELOPMENT , OR A 8
	334	+	COMBINATION OF THEM , OF THE AREA OR AREAS , IS NECESSARY AND IN THE 9
	335	+	INTEREST OF THE PUBL IC HEALTH, SAFETY, MORALS, OR WELFARE OF THE 10
	336	+	RESIDENTS OF THE MUN ICIPALITY. 11
433	337
434		-	(C) THE MUNICIPALITY MAY OPERATE TEMPORARILY AND MAINTAI N REAL
435		-	PROPERTY ACQUIRED BY IT IN AN URBAN RENEW AL AREA FOR OR IN CO NNECTION
436		-	WITH AN URBAN RENEWA L PROJECT PENDING TH E DISPOSITION OF THE PROPERTY
437		-	AS AUTHORIZED IN THI S APPENDIX, WITHOUT REGARD TO TH E PROVISIONS OF
438		-	SUBSECTION (A), FOR USES AND PURPOSE S CONSIDERED DESIRABLE EV EN THOUGH
439		-	NOT IN CONFORMITY WI TH THE URBAN RENEWAL PLAN.
	338	+	A1–107. PREPARATION AND APPRO VAL OF PLAN FOR URBA N RENEWAL PROJE CT. 12
440	339
441		-	(D) ANY INSTRUMENT EXECUT ED BY THE MUNICIPALI TY AND PURPORTING
442		-	TO CONVEY ANY RIGHT , TITLE, OR INTEREST IN ANY P ROPERTY UNDER THIS
443		-	APPENDIX SHALL BE PR ESUMED CONCLUSIVELY TO HAVE BEEN EXECUTED IN
444		-	COMPLIANCE WITH THE PROVISIONS OF THIS A PPENDIX INSOFAR AS T ITLE OR
445		-	OTHER INTEREST OF AN Y BONA FIDE PURCHASE RS, LESSEES, OR TRANSFEREES OF
446		-	THE PROPERTY IS CONC ERNED.
447		-	LAWRENCE J. HOGAN, JR., Governor Ch. 600
	340	+	(A) IN ORDER TO CARRY OUT THE PURPOSES OF THIS APPENDIX, THE 13
	341	+	MUNICIPALITY SHALL H AVE PREPARED AN URBA N RENEWAL PLAN FOR B LIGHTED 14
	342	+	AREAS IN THE MUNICIP ALITY AND SHALL APPROVE TH E PLAN FORMALLY . THE 15
	343	+	MUNICIPALITY SHALL H OLD A PUBLIC HEARING ON AN URBAN RENEWAL PROJECT 16
	344	+	AFTER PUBLIC NOTICE OF IT BY PUBLICATION IN A NEWSPAPER HAVIN G A GENERAL 17
	345	+	CIRCULATION WITHIN T HE CORPORATE LIMITS OF THE MUNICIPALITY . THE NOTICE 18
	346	+	SHALL DESCRIBE THE T IME, DATE, PLACE, AND PURPOSE OF THE H EARING, SHALL 19
	347	+	GENERALLY IDENTIFY T HE URBAN RENEWAL AREA C OVERED BY THE PLAN , AND 20
	348	+	SHALL OUTLINE THE GE NERAL SCOPE OF THE U RBAN RENEWAL PROJECT UNDER 21
	349	+	CONSIDERATION . FOLLOWING THE HEARING , THE MUNICIPALITY MAY APPROVE AN 22
	350	+	URBAN RENEWAL PROJEC T AND THE PLAN THERE FOR IF IT FINDS THAT: 23
448	351
449		-	– 11 –
450		-	A1–109. EMINENT DOMAIN .
	352	+	(1) A FEASIBLE METHOD EXISTS F OR THE LOCATION OF A NY 24
	353	+	FAMILIES OR NATURAL PERSONS WHO WILL BE DISPLACED FROM THE U RBAN 25
	354	+	RENEWAL AREA IN DECE NT, SAFE, AND SANITARY DWELLIN G ACCOMMODATIONS 26
	355	+	WITHIN THEIR MEANS A ND WITHOUT UNDUE HAR DSHIP TO THE FAMILIE S OR 27
	356	+	NATURAL PERSONS ; 28
451	357
452		-	CONDEMNATION OF LAND OR PROPERTY UNDER TH E PROVISIONS OF THIS
453		-	APPENDIX SHALL BE IN ACCORDANCE WITH THE PROCEDURE PROVIDED I N THE
454		-	REAL PROPERTY ARTICLE OF THE ANNOTATED CODE OF MARYLAND.
	358	+	(2) THE URBAN RENEWAL PLA N CONFORMS SUBSTANTI ALLY TO THE 29
	359	+	MASTER PLAN OF THE M UNICIPALITY AS A WHO LE; AND 30
455	360
456		-	A1–110. ENCOURAGEMENT OF PRIV ATE ENTERPRISE .
	361	+	(3) THE URBAN RENEWAL PLA N WILL AFFORD MAXIMU M 31
	362	+	OPPORTUNITY , CONSISTENT WITH THE SOUND NEEDS OF THE M UNICIPALITY AS A 32
	363	+	WHOLE, FOR THE REHABILITATION OR RE DEVELOPMENT OF THE U RBAN RENEWAL 33 HOUSE BILL 543 9
457	364
458		-	THE MUNICIPALITY , TO THE EXTENT IT DET ERMINES TO BE FEASIB LE IN
459		-	CARRYING OUT THE PROVIS IONS OF THIS APPENDI X, SHALL AFFORD MAXIMUM
460		-	OPPORTUNITY TO THE R EHABILITATION OR RED EVELOPMENT OF ANY UR BAN
461		-	RENEWAL AREA BY PRIV ATE ENTERPRISE CONSI STENT WITH THE SOUND NEEDS OF
462		-	THE MUNICIPALITY AS A WHOLE. THE MUNICIPALITY SHAL L GIVE CONSIDERATION
463		-	TO THIS OBJECTIVE IN EXERCISING ITS POWER S UNDER THIS APPENDI X.
464	365
465		-	~~A1–111~~. ~~GENERAL OBLIGATION BO NDS.~~
	366	+	AREA BY PRIVATE ENTE RPRISE. 1
466	367
467		-	FOR THE PURPOSE OF FI NANCING AND CARRYING OUT AN URBAN RENEWAL
468		-	PROJECT AND RELATED ACTIVITIES, THE MUNICIPALITY MAY ISSUE AND SELL ITS
469		-	GENERAL OBLIGATION BONDS . ANY BONDS ISSUED BY T HE MUNICIPALITY
470		-	PURSUANT TO THIS SEC TION SHALL BE ISSUED IN THE MANNER AND WI THIN THE
471		-	LIMITATIONS PRESCRIB ED BY APPLICABLE LAW FOR THE ISSUANCE AND
472		-	AUTHORIZATION OF GEN ERAL OBLIGATION BOND S BY THE MUNICIPALIT Y, AND
473		-	ALSO WITHIN LIMITATIO NS DETERMINED BY THE MUNICIPALITY .
	368	+	(B) AN URBAN RENEWAL PLAN MAY BE MODIFIED AT A NY TIME. IF 2
	369	+	MODIFIED AFTER THE L EASE OR SALE OF REAL PROPERTY IN THE URBA N RENEWAL 3
	370	+	PROJECT AREA , THE MODIFICATION MAY BE CONDIT IONED ON WHATEVER 4
	371	+	APPROVAL OF THE OWNE R, LESSEE, OR SUCCESSOR IN INTE REST AS THE 5
	372	+	MUNICIPALITY CONSIDE RS ADVISABLE. IN ANY EVENT, IT SHALL BE SUBJECT TO 6
	373	+	WHATEVER RIGHTS AT L AW OR IN EQUITY AS A LESSEE OR PURCHASER , OR THE 7
	374	+	SUCCESSOR OR SUCCESS ORS IN INTEREST , MAY BE ENTITLED TO A SSERT. WHERE 8
	375	+	THE PROPOSED MODIFIC ATION WILL CHANGE SU BSTANTIALLY THE URBA N 9
	376	+	RENEWAL PLAN AS APPR OVED PREVIOUSLY BY T HE MUNICIPALITY , THE 10
	377	+	MODIFICATION SHALL B E APPROVED FORMALLY BY THE MUNICIPALITY , AS IN THE 11
	378	+	CASE OF AN ORIGINAL PLAN. 12
474	379
475		-	A1–112. REVENUE BONDS .
	380	+	(C) ON THE APPROVAL BY TH E MUNICIPALITY OF AN URBAN RENEWAL PLAN 13
	381	+	OR OF ANY MODIFICATI ON OF IT, THE PLAN OR MODIFICA TION SHALL BE 14
	382	+	CONSIDERED TO BE IN FULL FORCE AND EFFEC T FOR THE RESPECTIVE URBAN 15
	383	+	RENEWAL AREA . THE MUNICIPALITY MAY HAVE THE PLAN OR MOD IFICATION 16
	384	+	CARRIED OUT IN ACCOR DANCE WITH ITS TERMS . 17
476	385
477		-	(A) IN ADDITION TO THE AU THORITY CONFERRED BY SECTION A1–111 OF
478		-	THIS APPENDIX, THE MUNICIPALITY MAY ISSUE REVENUE BONDS TO FINANCE THE
479		-	UNDERTAKING OF ANY U RBAN RENEWAL PROJECT AND RELATED ACTIVITI ES. ALSO,
480		-	IT MAY ISSUE REFUNDI NG BONDS FOR THE PAY MENT OR RETIRE MENT OF THE
481		-	BONDS ISSUED PREVIOU SLY BY IT. THE BONDS SHALL BE MA DE PAYABLE, AS TO
482		-	BOTH PRINCIPAL AND I NTEREST, SOLELY FROM THE INCO ME, PROCEEDS,
483		-	REVENUES, AND FUNDS OF THE MUN ICIPALITY DERIVED FR OM OR HELD IN
484		-	CONNECTION WITH THE UNDERTAKING AND CARR YING OUT OF URBAN RENEWAL
485		-	PROJECTS UNDER THIS APPENDIX. HOWEVER, PAYMENT OF THE BONDS , BOTH AS
486		-	TO PRINCIPAL AND INT EREST, MAY BE FURTHER SECUR ED BY A PLEDGE OF AN Y
487		-	LOAN, GRANT, OR CONTRIBUTION FROM THE FEDERAL GOVERNME NT OR OTHER
488		-	SOURCE, IN AID OF ANY URBAN RENEWAL PROJECTS OF THE M UNICIPALITY UNDER
489		-	THIS APPENDIX, AND BY A MORTGAGE OF ANY URBAN RENEWAL PR OJECT, OR ANY
490		-	PART OF A PROJECT , TITLE TO WHICH IS IN THE MUNICIPALITY . IN ADDITION, THE
491		-	MUNICIPALITY MAY ENT ER INTO AN INDENTURE OF TRUST WITH ANY PR IVATE
492		-	BANKING INSTITUTION OF THI S STATE HAVING TRUST PO WERS AND MAY MAKE IN Ch. 600 2022 LAWS OF MARYLAND
	386	+	A1–108. DISPOSAL OF PROPERTY IN URBAN RENEWAL ARE A. 18
493	387
494		-	– 12 –
495		-	THE INDENTURE OF TRU ST COVENANTS AND COM MITMENTS REQUIRED BY ANY
496		-	PURCHASER FOR THE AD EQUATE SECURITY OF T HE BONDS.
	388	+	(A) THE MUNICIPALITY , BY ORDINANCE , MAY SELL, LEASE, OR OTHERWISE 19
	389	+	TRANSFER REAL PROPER TY OR ANY INTEREST I N IT ACQUIRED BY IT FOR AN URBAN 20
	390	+	RENEWAL PROJEC T TO ANY PERSON FOR RESIDENTIAL, RECREATIONAL , 21
	391	+	COMMERCIAL , INDUSTRIAL, EDUCATIONAL , OR OTHER USES OR FOR PUBLIC USE, OR 22
	392	+	IT MAY RETAIN THE PR OPERTY OR INTEREST F OR PUBLIC USE , IN ACCORDANCE 23
	393	+	WITH THE URBAN RENEW AL PLAN AND SUBJECT TO WHATEVER COVENANT S, 24
	394	+	CONDITIONS, AND RESTRICTIONS , INCLUDING COVENANTS RUNNING WITH THE 25
	395	+	LAND, AS IT CONSIDERS NECE SSARY OR DESIRABLE T O ASSIST IN PREVENTI NG THE 26
	396	+	DEVELOPMENT OR SPREA D OF FUTURE BLIGHTED AREAS OR TO OTHERWIS E CARRY 27
	397	+	OUT THE PURPOSES OF THIS APPENDIX. THE PURCHASERS O R LESSEES AND THEIR 28
	398	+	SUCCESSORS AND ASSIG NS SHALL BE OBLIGATE D TO DEVOTE THE REAL PROPERTY 29
	399	+	ONLY TO THE USES SPE CIFIED IN THE URBAN RENEWAL PLAN AND MAY BE 30
	400	+	OBLIGATED TO COMPLY WITH WHATEVER OTHER REQUIREMENTS THE 31
	401	+	MUNICIPALITY DETERMI NES TO BE IN THE PUB LIC INTEREST, INCLUDING THE 32
	402	+	OBLIGATION TO BEGIN WITHIN A REASONABLE TIME ANY IMPROVEMENT S ON THE 33
	403	+	REAL PROPERTY REQUIR ED BY THE URBAN RENE WAL PLAN. THE REAL PROPERTY 34
	404	+	OR INTEREST MAY NOT BE SOLD, LEASED, OTHERWISE TRANSFERRE D, OR RETAINED 35
	405	+	AT LESS THAN ITS FAI R VALUE FOR USES IN ACCO RDANCE WITH THE URBA N 36
	406	+	RENEWAL PLAN . IN DETERMINING THE FA IR VALUE OF REAL PRO PERTY FOR USES 37
	407	+	IN ACCORDANCE WITH T HE URBAN RENEWAL PLA N, THE MUNICIPALITY SHA LL TAKE 38
	408	+	INTO ACCOUNT AND GIV E CONSIDERATION TO T HE USES PROVIDED IN THE PLAN, 39 10 HOUSE BILL 543
497	409
498		-	(B) BONDS ISSUED UNDER TH IS SECTION DO NOT CO NSTITUTE AN
499		-	INDEBTEDNESS WITHI N THE MEANING OF ANY CONSTITUTIONAL OR ST ATUTORY
500		-	DEBT LIMITATION OR R ESTRICTION, ARE NOT SUBJECT TO T HE PROVISIONS OF ANY
501		-	OTHER LAW OR CHARTER RELATING TO THE AUTH ORIZATION, ISSUANCE, OR SALE
502		-	OF BONDS , AND ARE EXEMPTED SPE CIFICALLY FROM THE R ESTRICTIONS
503		-	CONTAINED IN §§ 19–205 AND 19–206 OF THE LOCAL GOVERNMENT ARTICLE OF
504		-	THE ANNOTATED CODE OF MARYLAND. BONDS ISSUED UNDER TH E PROVISIONS OF
505		-	THIS APPENDIX ARE DE CLARED TO BE ISSUED FOR AN ESSENTIAL PUB LIC AND
506		-	GOVERNMENTAL PURPOSE AND, TOGETHER WITH INTERE ST ON THEM AND INCOME
507		-	FROM THEM , ARE EXEMPT FROM ALL TAXES.
508	410
509		-	(C) BONDS ISSUED UNDER TH IS SECTION SHALL BE AUTHORIZED BY
510		-	RESOLUTION OR ORDINA NCE OF THE LEGISLATI VE BODY OF THE MUNIC IPALITY.
511		-	THEY MAY BE ISSUED IN ONE OR MORE SERIES A ND SHALL:
	411	+	THE RESTRICTIONS ON , AND THE COVENANTS , CONDITIONS, AND OBLIGATIONS 1
	412	+	ASSUMED BY THE PURCH ASER OR LESSEE OR BY THE MUNICIPALITY RET AINING THE 2
	413	+	PROPERTY, AND THE OBJECTIVES O F THE PLAN FOR THE P REVENTION OF THE 3
	414	+	RECURRENCE OF BLIGHT ED AREAS. IN ANY INSTRUMENT OR CONVEYANCE TO A 4
	415	+	PRIVATE PURCHASER OR LESSEE, THE MUNICIPALITY MAY PROVIDE THAT THE 5
	416	+	PURCHASER OR LESSEE MAY NOT SELL, LEASE, OR OTHERWISE TRANSFE R THE REAL 6
	417	+	PROPERTY WITHOUT THE PRIOR WRITTEN CONSEN T OF THE MUNICIPALIT Y UNTIL 7
	418	+	THE PURCHASER OR LES SEE HAS COMPL ETED THE CONSTRUCTIO N OF ANY OR ALL 8
	419	+	IMPROVEMENTS WHICH T HE PURCHASER OR LESS EE HAS BEEN OBLIGATE D TO 9
	420	+	CONSTRUCT ON THE PRO PERTY. REAL PROPERTY ACQUIRE D BY THE MUNICIPALIT Y 10
	421	+	WHICH, IN ACCORDANCE WITH T HE PROVISIONS OF THE URBAN RENEWAL PLAN , IS 11
	422	+	TO BE TRANSFER RED, SHALL BE TRANSFERRED AS RAPIDLY AS FEASIB LE IN THE 12
	423	+	PUBLIC INTEREST CONS ISTENT WITH THE CARR YING OUT OF THE PROV ISIONS OF 13
	424	+	THE URBAN RENEWAL PL AN. ANY CONTRACT FOR THE TRANSFER AND THE URB AN 14
	425	+	RENEWAL PLAN (OR ANY PART OR PARTS OF THE CONTRACT OR P LAN AS THE 15
	426	+	MUNICIPALITY DETERMI NES) MAY BE RECORDED IN T HE LAND RECORDS OF T HE 16
	427	+	COUNTY IN WHICH THE MUNICIPALITY IS SITU ATED IN A MANNER SO AS TO AFFORD 17
	428	+	ACTUAL OR CONSTRUCTI VE NOTICE OF IT. 18
512	429
513		-	(1) BEAR A DATE OR DATES;
	430	+	(B) THE MUNICIPALITY , BY ORDINANCE , MAY DISPOSE OF REAL PROPERTY 19
	431	+	IN AN URBAN RENEWAL AREA TO PRIVATE PERSONS . THE MUNICIPALITY MAY , BY 20
	432	+	PUBLIC NOTICE BY PUB LICATION IN A NEWSPA PER HAVING A GENERAL 21
	433	+	CIRCULATION IN THE C OMMUNITY, INVITE PROPOSALS FRO M AND MAKE AVAILABLE 22
	434	+	ALL PERTINENT INFORM ATION TO PRIVATE RED EVELOPERS OR ANY PER SONS 23
	435	+	INTERESTED IN UNDERT AKING TO REDEVELOP O R REHABILITATE AN UR BAN 24
	436	+	RENEWAL AREA , OR ANY PART THEREOF . THE NOTICE SHALL IDEN TIFY THE AREA, 25
	437	+	OR PORTION THEREOF , AND SHALL STATE THAT PROPOSALS SHALL BE M ADE BY 26
	438	+	THOSE INTERESTED WIT HIN A SPECIFIED PERI OD. THE MUNICIPALITY SHALL 27
	439	+	CONSIDER ALL REDEVEL OPMENT OR REHABILITA TION PROPOSALS AND T HE 28
	440	+	FINANCIAL AND LEGAL ABILITY OF THE PERSO NS MAKING PROPOSALS TO CARRY 29
	441	+	THEM OUT, AND MAY NEGOTIATE WI TH ANY PERSONS FOR P ROPOSALS FOR THE 30
	442	+	PURCHASE, LEASE, OR OTHER TRANSFER OF ANY REAL PROPERTY ACQ UIRED BY 31
	443	+	THE MUNICIPALITY IN THE URBAN RENEWAL AR EA. THE MUNICIPALITY MAY ACCEPT 32
	444	+	ANY PROPOSAL AS IT D EEMS TO BE IN THE PU BLIC INTEREST AND IN FURTHERANCE 33
	445	+	OF THE PURPOSES OF T HIS APPENDIX. THEREAFTER , THE MUNICIPALITY MAY 34
	446	+	EXECUTE AND DEL IVER CONTRACTS , DEEDS, LEASES, AND OTHER INSTRUMENT S 35
	447	+	AND TAKE ALL STEPS N ECESSARY TO EFFECTUA TE THE TRANSFERS . 36
514	448
515		-	(2) MATURE AT A TIME OR T IMES;
	449	+	(C) THE MUNICIPALITY MAY OPERATE TEMPORARILY AND MAINTAIN REAL 37
	450	+	PROPERTY ACQUIRED BY IT IN AN URBAN RENEW AL AREA FOR OR IN CO NNECTION 38
	451	+	WITH AN URBAN RENEWAL PROJECT PENDING THE DISPOSIT ION OF THE PROPERTY 39
	452	+	AS AUTHORIZED IN THI S APPENDIX, WITHOUT REGARD TO TH E PROVISIONS OF 40
	453	+	SUBSECTION (A), FOR USES AND PURPOSE S CONSIDERED DESIRAB LE EVEN THOUGH 41 HOUSE BILL 543 11
516	454
517		-	(3) BEAR INTEREST AT A RA TE OR RATES;
518	455
519		-	~~(4) BE~~ IN ~~A DENOMINATION OR DENOMINATIONS ;~~
	456	+	NOT IN CONFORMITY WI TH THE URBAN RENEWAL PLAN. 1
520	457
521		-	(5) BE IN A FORM EITHER W ITH OR WITHOUT COUPO N OR
522		-	REGISTERED ;
	458	+	(D) ANY INSTRUMENT EXECUTED BY THE MUNICIPALITY AND PURPORTING 2
	459	+	TO CONVEY ANY RIGHT , TITLE, OR INTEREST IN ANY P ROPERTY UNDER THIS 3
	460	+	APPENDIX SHALL BE PR ESUMED CONCLUSIVELY TO HAVE BEEN EXECUTE D IN 4
	461	+	COMPLIANCE WITH THE PROVISIONS OF THIS A PPENDIX INSOFAR AS T ITLE OR 5
	462	+	OTHER INTEREST OF ANY BONA FIDE PURCHASERS , LESSEES, OR TRANSFEREES OF 6
	463	+	THE PROPERTY IS CONC ERNED. 7
523	464
524		-	~~(6) CARRY A CONVERSION OR REGISTRATION PRIVILE GE;~~
	465	+	A1–109. EMINENT DOMAIN . 8
525	466
526		-	(7) HAVE A RANK OR PRIORI TY;
	467	+	CONDEMNATION OF LAND OR PROPERTY UNDER TH E PROVISIONS OF THIS 9
	468	+	APPENDIX SHALL BE IN ACCORDANCE WITH THE PROCEDURE PROVIDED I N THE 10
	469	+	REAL PROPERTY ARTICLE OF THE ANNOTATED CODE OF MARYLAND. 11
527	470
528		-	~~(8) BE EXECUTED IN A MANN ER;~~
	471	+	A1–110. ENCOURAGEMENT OF PRIV ATE ENTERPRISE . 12
529	472
530		-	(9) BE PAYABLE IN A MEDIU M OF PAYMENT , AT A PLACE OR PLACES ,
531		-	AND BE SUBJECT TO TE RMS OF REDEMPTION (WITH OR WITHOUT PREM IUM);
	473	+	THE MUNICIPALITY , TO THE EXTENT IT DET ERMINES TO BE FEASIB LE IN 13
	474	+	CARRYING OUT THE PRO VISIONS OF THIS APPE NDIX, SHALL AFFORD MAXIMUM 14
	475	+	OPPORTUNITY TO THE R EHABILITATION OR RED EVELOPMENT OF ANY UR BAN 15
	476	+	RENEWAL AREA BY PRIV ATE ENTERPRISE CONSI STENT WITH THE SOUND NEEDS OF 16
	477	+	THE MUNICIPALITY AS A WHOLE. THE MUNICIPALITY SHAL L GIVE CONSIDERATION 17
	478	+	TO THIS OBJECTIVE IN EXERCISING ITS POWER S UNDER THIS APPENDI X. 18
532	479
533		-	~~(10) BE SECURED IN A MANNE R; AND~~
	480	+	A1–111. GENERAL OBLIGATION BO NDS. 19
534	481
535		-	(11) HAVE OTHER CHARACTERI STICS, AS ARE PROVIDED BY T HE
536		-	RESOLUTION , TRUST INDENTURE , OR MORTGAGE ISSUED P URSUANT TO IT. LAWRENCE J. HOGAN, JR., Governor Ch. 600
	482	+	FOR THE PURPOSE OF FI NANCING AND CARRYING OUT AN URBAN RENEWAL 20
	483	+	PROJECT AND RELATED ACTIVITIES, THE MUNICIPALITY MAY ISSUE AND SELL ITS 21
	484	+	GENERAL OBLIGATION B ONDS. ANY BONDS ISSUED BY T HE MUNICIPALITY 22
	485	+	PURSUANT TO THIS SEC TION SHALL BE ISSUED IN THE MANNER AND WITHIN TH E 23
	486	+	LIMITATIONS PRESCRIB ED BY APPLICABLE LAW FOR THE ISSUANCE AND 24
	487	+	AUTHORIZATION OF GEN ERAL OBLIGATION BOND S BY THE MUNICIPALIT Y, AND 25
	488	+	ALSO WITHIN LIMITATI ONS DETERMINED BY TH E MUNICIPALITY. 26
537	489
538		-	– ~~13 –~~
	490	+	A1–112. REVENUE BONDS . 27
539	491
540		-	(D) THESE BONDS MAY NOT B E SOLD AT LESS THAN PAR VALUE AT PUBLIC
541		-	SALES WHICH ARE HELD AFTER NOTICE IS PUBL ISHED PRIOR TO THE S ALE IN A
542		-	NEWSPAPER HAVING A G ENERAL CIRC ULATION IN THE AREA IN WHICH THE
543		-	MUNICIPALITY IS LOCA TED AND IN WHATEVER OTHER MEDIUM OF PUBL ICATION AS
544		-	THE MUNICIPALITY MAY DETERMINE. THE BONDS MAY BE EXCH ANGED ALSO FOR
545		-	OTHER BONDS ON THE B ASIS OF PAR. HOWEVER, THE BONDS MAY NOT BE SOLD TO
546		-	THE FEDERAL G OVERNMENT AT PRIVATE SALE AT LESS THAN PA R, AND, IN THE
547		-	EVENT LESS THAN ALL OF THE AUTHORIZED PR INCIPAL AMOUNT OF TH E BONDS IS
548		-	SOLD TO THE FEDERAL GOVERNMENT , THE BALANCE MAY NOT BE SOLD AT PRIVATE
549		-	SALE AT LESS THAN PA R AT AN INTEREST COS T TO THE MUNICIPAL ITY WHICH DOES
550		-	NOT EXCEED THE INTER EST COST TO THE MUNI CIPALITY OF THE PORT ION OF THE
551		-	BONDS SOLD TO THE FE DERAL GOVERNMENT .
	492	+	(A) IN ADDITION TO THE AU THORITY CONFERRED BY SECTION A1–111 OF 28
	493	+	THIS APPENDIX, THE MUNICIPALITY MAY ISSUE REVENUE BONDS TO FINANCE THE 29
	494	+	UNDERTAKING OF ANY U RBAN RENEWAL PROJECT AND RELATED ACTIVITI ES. ALSO, 30
	495	+	IT MAY ISSUE REFUNDI NG BONDS FOR THE PAY MENT OR RETIR EMENT OF THE 31
	496	+	BONDS ISSUED PREVIOU SLY BY IT. THE BONDS SHALL BE MA DE PAYABLE, AS TO 32
	497	+	BOTH PRINCIPAL AND I NTEREST, SOLELY FROM THE INCO ME, PROCEEDS, 33
	498	+	REVENUES, AND FUNDS OF THE MUN ICIPALITY DERIVED FR OM OR HELD IN 34 12 HOUSE BILL 543
552	499
553		-	(E) IN CASE ANY OF THE PU BLIC OFFICIALS OF TH E MUNICIPALITY WHOSE
554		-	SIGNATURES APPEAR ON ANY BONDS OR COUPONS ISSUED UNDER THIS AP PENDIX
555		-	CEASE TO BE OFFICIAL S OF THE MUNICIPALIT Y BEFORE THE DELIVER Y OF THE
556		-	BONDS OR IN THE EVEN T ANY OF THE OFFICIA LS HAVE BECOME SUCH AFTER THE
557		-	DATE OF ISSUE OF THE M, THE BONDS ARE VALID AND BINDING OBLIGATI ONS OF THE
558		-	MUNICIPALITY IN ACCO RDANCE WITH THEIR TERMS. ANY PROVISION OF ANY LAW
559		-	TO THE CONTRARY NOTW ITHSTANDING, ANY BONDS ISSUED PUR SUANT TO THIS
560		-	APPENDIX ARE FULLY N EGOTIABLE.
561	500
562		-	(F) IN ANY SUIT, ACTION, OR PROCEEDING INVOLV ING THE VALIDITY OR
563		-	ENFORCEABILITY OF AN Y BOND ISSUED UNDER THIS APPENDIX, OR THE SECURITY
564		-	FOR IT, ANY BOND WHICH RECIT ES IN SUBSTANCE THAT IT HAS BEEN ISSUED B Y THE
565		-	MUNICIPALITY IN CONN ECTION WITH AN URBAN RENEWAL PROJECT SHAL L BE
566		-	CONSIDERED CONCLUSIV ELY TO HAVE BEEN ISS UED FOR THAT PURPOSE , AND THE
567		-	PROJECT SHALL BE CON SIDERED CONCL USIVELY TO HAVE BEEN PLANNED,
568		-	LOCATED, AND CARRIED OUT IN A CCORDANCE WITH THE P ROVISIONS OF THIS
569		-	APPENDIX.
	501	+	CONNECTION WITH THE UNDERTAKING AND CARR YING OUT OF URBAN RENEWAL 1
	502	+	PROJECTS UNDER THIS APPENDIX. HOWEVER, PAYMENT OF THE BONDS , BOTH AS 2
	503	+	TO PRINCIPAL AND INT EREST, MAY BE FURTHER SECUR ED BY A PLEDGE OF AN Y 3
	504	+	LOAN, GRANT, OR CONTRIBUTION FROM THE FEDERAL GOVERNME NT OR OTHER 4
	505	+	SOURCE, IN AID OF ANY URBAN RENEWAL PROJECTS OF THE MUNICIPALITY UNDER 5
	506	+	THIS APPENDIX, AND BY A MORTGAGE OF ANY URBAN RENEWAL PR OJECT, OR ANY 6
	507	+	PART OF A PROJECT , TITLE TO WHICH IS IN THE MUNICIPALITY . IN ADDITION, THE 7
	508	+	MUNICIPALITY MAY ENT ER INTO AN INDENTURE OF TRUST WITH ANY PR IVATE 8
	509	+	BANKING INSTITUTION OF TH IS STATE HAVING TRUST PO WERS AND MAY MAKE IN 9
	510	+	THE INDENTURE OF TRU ST COVENANTS AND COM MITMENTS REQUIRED BY ANY 10
	511	+	PURCHASER FOR THE AD EQUATE SECURITY OF T HE BONDS. 11
570	512
571		-	(G) ALL BANKS, TRUST COMPANIES , BANKERS, SAVINGS BANKS , AND
572		-	INSTITUTIONS, BUILDING AND LOAN AS SOCIATIONS, SAVINGS AND LOAN
573		-	ASSOCIATIONS, INVESTMENT COMPANIES, AND OTHER PERSONS CA RRYING ON A
574		-	BANKING OR INVESTMEN T BUSINESS; ALL INSURANCE COMPAN IES, INSURANCE
575		-	ASSOCIATIONS, AND OTHER PERSONS CA RRYING ON AN INSURAN CE BUSINESS; AND
576		-	ALL EXECUTORS , ADMINISTRATORS , CURATORS, TRUSTEES, AND OTHER
577		-	FIDUCIARIES, MAY LEGALLY INVEST A NY SINKING FUNDS , MONEYS, OR OTHER
578		-	FUNDS BELONGING TO T HEM OR WITHIN THEIR CONTROL IN ANY BONDS OR OTHER
579		-	OBLIGATIONS ISSUED B Y THE MUNICIPALITY P URSUANT TO THIS APPE NDIX.
580		-	HOWEVER, THE BONDS AND OTHER OBLIGATIONS SHALL BE SECURED BY AN
581		-	AGREEMENT BETWEEN THE ISSUER AND THE FEDER AL GOVERNMENT IN WHI CH THE Ch. 600 2022 LAWS OF MARYLAND
	513	+	(B) BONDS ISSUED UNDER TH IS SECTION DO NOT CO NSTITUTE AN 12
	514	+	INDEBTEDNESS WITH IN THE MEANING OF AN Y CONSTITUTIONAL OR STATUTORY 13
	515	+	DEBT LIMITATION OR R ESTRICTION, ARE NOT SUBJECT TO T HE PROVISIONS OF ANY 14
	516	+	OTHER LAW OR CHARTER RELATING TO THE AUTH ORIZATION, ISSUANCE, OR SALE 15
	517	+	OF BONDS , AND ARE EXEMPTED SPE CIFICALLY FROM THE R ESTRICTIONS 16
	518	+	CONTAINED IN §§ 19–205 AND 19–206 OF THE LOCAL GOVERNMENT ARTICLE OF 17
	519	+	THE ANNOTATED CODE OF MARYLAND. BONDS ISSUED UNDER TH E PROVISIONS OF 18
	520	+	THIS APPENDIX ARE DE CLARED TO BE ISSUED FOR AN ESSENTIAL PUB LIC AND 19
	521	+	GOVERNMENTAL PURPOSE AND, TOGETHER WITH INTERE ST ON THEM AND INCOME 20
	522	+	FROM THEM, ARE EXEMPT FROM ALL TAXES. 21
582	523
583		-	– 14 –
584		-	ISSUER AGREES TO BOR ROW FROM THE FEDERAL GOVERNMENT AND THE F EDERAL
585		-	GOVERNMENT AGREES TO LEND TO THE ISSUER , PRIOR TO THE MATURIT Y OF THE
586		-	BONDS OR OTHER OBLIG ATIONS, MONEYS IN AN AMOUNT WHICH (TOGETHER WITH
587		-	ANY OTHER MONEYS COM MITTED IRREVOCABLY T O THE PAYMENT OF PRI NCIPAL
588		-	AND INTEREST ON THE BONDS OR OTHER OBLIG ATIONS) WILL SUFFICE TO PAY THE
589		-	PRINCIPAL OF THE BON DS OR OTHER OBLIGATI ONS WITH INTEREST TO MATURITY
590		-	ON THEM. THE MONEYS UNDER TH E TERMS OF THE AGREE MENT SHALL BE
591		-	REQUIRED TO BE USED FOR THE PURPOSE OF P AYING THE PRINCIPAL OF AND THE
592		-	INTEREST ON THE BOND S OR OTHER OBLIGATIO NS AT THEIR MATURITY . THE BONDS
593		-	AND OTHER OBLIGATION S SHALL BE AUTHORIZE D SECURITY FOR ALL P UBLIC
594		-	DEPOSITS. THIS SECTION AUTHORIZES ANY PERSONS OR PUBLI C OR PRIVATE
595		-	POLITICAL SUBDIVISIO NS AND OFFICERS TO U SE ANY FUNDS OWNED O R
596		-	CONTROLLED BY THEM F OR THE PURCHASE OF A NY BONDS OR OTHER
597		-	OBLIGATIONS. WITH REGARD TO LEGAL INVESTMENTS , THIS SECTION MAY NOT BE
598		-	CONSTRUED T O RELIEVE ANY PERSON OF ANY DUTY OF EXERC ISING REASONABLE
599		-	CARE IN SELECTING SE CURITIES.
	524	+	(C) BONDS ISSUED UNDER TH IS SECTION SHALL BE AUTHORIZED BY 22
	525	+	RESOLUTION OR ORDINA NCE OF THE LEGISLATI VE BODY OF THE MUNIC IPALITY. 23
	526	+	THEY MAY BE ISSUED IN ONE OR MORE SERIES A ND SHALL: 24
600	527
601		-	~~A1–113. SHORT TITLE.~~
	528	+	(1) BEAR A DATE OR DATES; 25
602	529
603		-	THIS APPENDIX SHALL B E KNOWN AND MAY BE C ITED AS THE HANCOCK
604		-	URBAN RENEWAL AUTHORITY FOR BLIGHT CLEARANCE ACT.
	530	+	(2) MATURE AT A TIME OR T IMES; 26
605	531
606		-	~~A1–114. AUTHORITY TO AMEND~~ OR ~~REPEAL.~~
	532	+	(3) BEAR INTEREST AT A RA TE OR RATES; 27
607	533
608		-	THIS APPENDIX, ENACTED PURSUANT TO ARTICLE III, SECTION 61 OF THE
609		-	MARYLAND CONSTITUTION, MAY BE AMENDED OR RE PEALED ONLY BY THE
610		-	GENERAL ASSEMBLY OF MARYLAND.
	534	+	(4) BE IN A DENOMINATION OR DENOMINATIONS ; 28
611	535
612		-	~~SECTION 2. AND~~ BE ~~IT FURTHER ENACTED,~~ ~~That this Act shall take effect~~
613		-	~~October 1,~~ ~~2022.~~
	536	+	(5) BE IN A FORM EITHER W ITH OR WITHOUT COUPO N OR 29
	537	+	REGISTERED; 30
614	538
615		-	Enacted under Article II, § 17(c) of the Maryland Constitution, May 29, 2022.
	539	+	(6) CARRY A CONVERSION OR REGISTRATION PRIVILE GE; 31
	540	+
	541	+	(7) HAVE A RANK OR PRIORI TY; 32
	542	+
	543	+	(8) BE EXECUTED IN A MANN ER; 33 HOUSE BILL 543 13
	544	+
	545	+
	546	+
	547	+	(9) BE PAYABLE IN A MEDIU M OF PAYMENT , AT A PLACE OR PLACES , 1
	548	+	AND BE SUBJECT TO TE RMS OF REDEMPTION (WITH OR WITHOUT PREM IUM); 2
	549	+
	550	+	(10) BE SECURED IN A MANNE R; AND 3
	551	+
	552	+	(11) HAVE OTHER CHARACTERI STICS, AS ARE PROVIDED BY T HE 4
	553	+	RESOLUTION, TRUST INDENTURE , OR MORTGAGE ISSUED P URSUANT TO IT. 5
	554	+
	555	+	(D) THESE BONDS MAY NOT B E SOLD AT LESS THAN PAR VALUE AT PUBLIC 6
	556	+	SALES WHICH ARE HELD AFTER NOTICE IS PUBL ISHED PRIOR TO THE S ALE IN A 7
	557	+	NEWSPAPER HAVING A G ENERAL CIR CULATION IN THE AREA IN WHICH THE 8
	558	+	MUNICIPALITY IS LOCA TED AND IN WHATEVER OTHER MEDIUM OF PUBL ICATION AS 9
	559	+	THE MUNICIPALITY MAY DETERMINE. THE BONDS MAY BE EXCH ANGED ALSO FOR 10
	560	+	OTHER BONDS ON THE B ASIS OF PAR. HOWEVER, THE BONDS MAY NOT BE SOLD TO 11
	561	+	THE FEDERAL GOVERNMENT AT PRIVAT E SALE AT LESS THAN PAR, AND, IN THE 12
	562	+	EVENT LESS THAN ALL OF THE AUTHORIZED PR INCIPAL AMOUNT OF TH E BONDS IS 13
	563	+	SOLD TO THE FEDERAL GOVERNMENT , THE BALANCE MAY NOT BE SOLD AT PRIVATE 14
	564	+	SALE AT LESS THAN PA R AT AN INTEREST COS T TO THE MUNICIPA LITY WHICH DOES 15
	565	+	NOT EXCEED THE INTER EST COST TO THE MUNI CIPALITY OF THE PORT ION OF THE 16
	566	+	BONDS SOLD TO THE FE DERAL GOVERNMENT . 17
	567	+
	568	+	(E) IN CASE ANY OF THE PU BLIC OFFICIALS OF TH E MUNICIPALITY WHOSE 18
	569	+	SIGNATURES APPEAR ON ANY BONDS OR COUPONS ISSUED UNDER THIS APPENDIX 19
	570	+	CEASE TO BE OFFICIAL S OF THE MUNICIPALIT Y BEFORE THE DELIVER Y OF THE 20
	571	+	BONDS OR IN THE EVEN T ANY OF THE OFFICIA LS HAVE BECOME SUCH AFTER THE 21
	572	+	DATE OF ISSUE OF THE M, THE BONDS ARE VALID AND BINDING OBLIGATI ONS OF THE 22
	573	+	MUNICIPALITY IN ACCO RDANCE WITH TH EIR TERMS. ANY PROVISION OF ANY LAW 23
	574	+	TO THE CONTRARY NOTW ITHSTANDING, ANY BONDS ISSUED PUR SUANT TO THIS 24
	575	+	APPENDIX ARE FULLY N EGOTIABLE. 25
	576	+
	577	+	(F) IN ANY SUIT, ACTION, OR PROCEEDING INVOLV ING THE VALIDITY OR 26
	578	+	ENFORCEABILITY OF AN Y BOND ISSUED UNDER THIS APPENDIX, OR THE SECURITY 27
	579	+	FOR IT, ANY BOND WHICH RECIT ES IN SUBSTANCE THAT IT HAS BEEN ISSUED B Y THE 28
	580	+	MUNICIPALITY IN CONN ECTION WITH AN URBAN RENEWAL PROJECT SHAL L BE 29
	581	+	CONSIDERED CONCLUSIV ELY TO HAVE BEEN ISS UED FOR THAT PURPOSE , AND THE 30
	582	+	PROJECT SHALL BE CON SIDERED C ONCLUSIVELY TO HAVE BEEN PLANNED , 31
	583	+	LOCATED, AND CARRIED OUT IN A CCORDANCE WITH THE P ROVISIONS OF THIS 32
	584	+	APPENDIX. 33
	585	+
	586	+	(G) ALL BANKS, TRUST COMPANIES , BANKERS, SAVINGS BANKS , AND 34
	587	+	INSTITUTIONS, BUILDING AND LOAN AS SOCIATIONS, SAVINGS AND LOAN 35
	588	+	ASSOCIATIONS, INVESTMENT COMPANIES , AND OTHER PERSONS CA RRYING ON A 36 14 HOUSE BILL 543
	589	+
	590	+
	591	+	BANKING OR INVESTMEN T BUSINESS; ALL INSURANCE COMPAN IES, INSURANCE 1
	592	+	ASSOCIATIONS, AND OTHER PERSONS CA RRYING ON AN INSURAN CE BUSINESS; AND 2
	593	+	ALL EXECUTORS , ADMINISTRATORS , CURATORS, TRUSTEES, AND OTHER 3
	594	+	FIDUCIARIES, MAY LEGALLY INVEST A NY SINKING FUNDS , MONEYS, OR OTHER 4
	595	+	FUNDS BELONGING TO T HEM OR WITHIN THEIR CONTROL IN ANY BONDS OR OTHER 5
	596	+	OBLIGATIONS ISSUED B Y THE MUNICIPALITY P URSUANT TO THIS APPE NDIX. 6
	597	+	HOWEVER, THE BONDS AND OTHER OBLIGATIONS SHALL BE SECURED BY AN 7
	598	+	AGREEMENT BETWEEN TH E ISSUER AND THE FED ERAL GOVERNMENT IN W HICH THE 8
	599	+	ISSUER AGREES TO BOR ROW FROM THE FEDERAL GOVERNMENT AND THE F EDERAL 9
	600	+	GOVERNMENT AGREES TO LEND TO THE ISSUER , PRIOR TO THE MATURIT Y OF THE 10
	601	+	BONDS OR OTHER OBLIG ATIONS, MONEYS IN AN AMOUN T WHICH (TOGETHER WITH 11
	602	+	ANY OTHER MONEYS COM MITTED IRREVOCABLY T O THE PAYMENT OF PRI NCIPAL 12
	603	+	AND INTEREST ON THE BONDS OR OTHER OBLIG ATIONS) WILL SUFFICE TO PAY THE 13
	604	+	PRINCIPAL OF THE BON DS OR OTHER OBLIGATI ONS WITH INTEREST TO MATURITY 14
	605	+	ON THEM. THE MONEYS UNDE R THE TERMS OF THE A GREEMENT SHALL BE 15
	606	+	REQUIRED TO BE USED FOR THE PURPOSE OF P AYING THE PRINCIPAL OF AND THE 16
	607	+	INTEREST ON THE BOND S OR OTHER OBLIGATIO NS AT THEIR MATURITY . THE BONDS 17
	608	+	AND OTHER OBLIGATION S SHALL BE AUTHORIZE D SECURITY FOR ALL P UBLIC 18
	609	+	DEPOSITS. THIS SECTION AUTHORIZ ES ANY PERSONS OR PU BLIC OR PRIVATE 19
	610	+	POLITICAL SUBDIVISIO NS AND OFFICERS TO U SE ANY FUNDS OWNED O R 20
	611	+	CONTROLLED BY THEM F OR THE PURCHASE OF A NY BONDS OR OTHER 21
	612	+	OBLIGATIONS. WITH REGARD TO LEGAL INVESTMENTS , THIS SECTION MAY NOT BE 22
	613	+	CONSTRUED TO RELIEVE ANY PE RSON OF ANY DUTY OF EXERCISING REASONABL E 23
	614	+	CARE IN SELECTING SE CURITIES. 24
	615	+
	616	+	A1–113. SHORT TITLE. 25
	617	+
	618	+	THIS APPENDIX SHALL B E KNOWN AND MAY BE C ITED AS THE HANCOCK 26
	619	+	URBAN RENEWAL AUTHORITY FOR BLIGHT CLEARANCE ACT. 27
	620	+
	621	+	A1–114. AUTHORITY TO AMEND OR REPEAL. 28
	622	+
	623	+	THIS APPENDIX, ENACTED PURSUANT TO ARTICLE III, SECTION 61 OF THE 29
	624	+	MARYLAND CONSTITUTION, MAY BE AMENDED OR RE PEALED ONLY BY THE 30
	625	+	GENERAL ASSEMBLY OF MARYLAND. 31
	626	+
	627	+	SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect 32
	628	+	October 1, 2022. 33