MD
Maryland House Bill HB561

Maryland 2023 Regular Session

Maryland House Bill HB561 Compare Versions

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1- WES MOORE, Governor Ch. 124
21
3-– 1 –
4-Chapter 124
5-(House Bill 561)
62
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+ *hb0561*
89
9-Town of Mount Airy (Carroll County and Frederick County) – Urban Renewal
10-Authority
10+HOUSE BILL 561
11+L3 3lr1133
12+HB 1385/20 – ENT CF SB 313
13+By: Carroll County Delegation
14+Introduced and read first time: February 3, 2023
15+Assigned to: Environment and Transportation
16+Committee Report: Favorable
17+House action: Adopted
18+Read second time: March 9, 2023
1119
12-FOR the purpose of granting the Town of Mount Airy in Carroll County and Frederick
13-County the authority to exercise urban renewal powers within an urban renewal
14-area under Article III, Section 61 of the Maryland Constitution; authorizing the
15-municipality to levy certain taxes and issue general obligation bonds and revenue
16-bonds to carry out urban renewal powers; and generally relating to urban renewal
17-authority for slum and blight clearance for the Town of Mount Airy in Carroll County
18-and Frederick County.
20+CHAPTER ______
1921
20-BY adding to
21- Chapter 99 – Charter of the Town of Mount Airy
22-Section A1–101 through A1–114 to be under the new heading “Appendix I – Urban
23-Renewal Authority for Slum Clearance”
24- Public Local Laws of Maryland – Compilation of Municipal Charters
25- (2014 Replacement Edition, Revisions Current as of November 2021)
22+AN ACT concerning 1
2623
27- SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND,
28-That the Laws of Maryland read as follows:
24+Town of Mount Airy (Carroll County and Frederick County) – Urban Renewal 2
25+Authority 3
2926
30-Chapter 99 – Charter of the Town of Mount Airy
27+FOR the purpose of granting the Town of Mount Airy in Carroll County and Frederick 4
28+County the authority to exercise urban renewal powers within an urban renewal 5
29+area under Article III, Section 61 of the Maryland Constitution; authorizing the 6
30+municipality to levy certain taxes and issue general obligation bonds and revenue 7
31+bonds to carry out urban renewal powers; and generally relating to urban renewal 8
32+authority for slum and blight clearance for the Town of Mount Airy in Carroll County 9
33+and Frederick County. 10
3134
32-APPENDIX I – URBAN RENEWAL AUTHORITY FOR SLUM CLEARANCE
35+BY adding to 11
36+ Chapter 99 – Charter of the Town of Mount Airy 12
37+Section A1–101 through A1–114 to be under the new heading “Appendix I – Urban 13
38+Renewal Authority for Slum Clearance” 14
39+ Public Local Laws of Maryland – Compilation of Municipal Charters 15
40+ (2014 Replacement Edition, Revisions Current as of November 2021) 16
3341
34-A1–101. DEFINITIONS.
42+ SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, 17
43+That the Laws of Maryland read as follows: 18
3544
36- (A) IN THIS APPENDIX THE FO LLOWING WORDS HAVE T HE MEANINGS
37-INDICATED.
45+Chapter 99 – Charter of the Town of Mount Airy 19
3846
39- (B) “BLIGHTED AREA ” MEANS AN AREA OR SIN GLE PROPERTY IN WHIC H
40-THE BUILDING OR BUIL DINGS HAVE DECLINED IN PRODUCTIVITY BY R EASON OF
41-OBSOLESCENCE , DEPRECIATION , OR OTHER CAUSES TO A N EXTENT THEY NO
42-LONGER JUSTIFY FUNDA MENTAL REPAIRS AND A DEQUATE MAINTENANCE .
47+APPENDIX I – URBAN RENEWAL AUTHORITY FOR SLUM CLEARANCE 20
48+ 2 HOUSE BILL 561
4349
44- (C) “BONDS” MEANS ANY BONDS (INCLUDING REFUNDING BONDS), NOTES,
45-INTERIM CERTIFICATES , CERTIFICATES OF INDE BTEDNESS, DEBENTURES , OR
46-OTHER OBLIGATIONS .
47- Ch. 124 2023 LAWS OF MARYLAND
4850
49-– 2 –
50- (D) “FEDERAL GOVERNMENT ” MEANS THE UNITED STATES OF AMERICA OR
51-ANY AGENCY OR INSTRU MENTALITY, CORPORATE OR OTHERWI SE, OF THE UNITED
52-STATES OF AMERICA.
51+A1–101. DEFINITIONS. 1
5352
54- (E) “MUNICIPALITY” MEANS THE TOWN OF MOUNT AIRY, MARYLAND.
53+ (A) IN THIS APPENDIX THE FOLLOWING WORDS HAVE THE MEANINGS 2
54+INDICATED. 3
5555
56- (F) “PERSON” MEANS ANY INDIVIDUAL , FIRM, PARTNERSHIP ,
57-CORPORATION , COMPANY, ASSOCIATION, JOINT STOCK ASSOCIAT ION, OR BODY
58-POLITIC. IT INCLUDES ANY TRUST EE, RECEIVER, ASSIGNEE, OR OTHER PERSON
59-ACTING IN SIMILAR RE PRESENTATIVE CAPACIT Y.
56+ (B) “BLIGHTED AREA ” MEANS AN AREA OR SIN GLE PROPERTY IN WHIC H 4
57+THE BUILDING OR BUIL DINGS HAVE DECLINED IN PRODUCTIVITY BY R EASON OF 5
58+OBSOLESCENCE , DEPRECIATION , OR OTHER CAUSES TO AN E XTENT THEY NO 6
59+LONGER JUSTIFY FUNDA MENTAL REPAIRS AND A DEQUATE MAINTENANCE . 7
6060
61- (G) “SLUM AREA ” MEANS ANY AREA OR SI NGLE PROPERTY WHERE
62-DWELLINGS PREDOMINAT E WHICH , BY REASON OF DEPRECIATION ,
63-OVERCROWDING , FAULTY ARRANGEMENT O R DESIGN, LACK OF VENTILATION ,
64-LIGHT, OR SANITARY FACILITI ES, OR ANY COMBINATION O F THESE FACTORS , ARE
65-DETRIMENTAL TO THE P UBLIC SAFETY, HEALTH, OR MORALS.
61+ (C) “BONDS” MEANS ANY BONDS (INCLUDING REFUNDING BONDS), NOTES, 8
62+INTERIM CERTIFICATES , CERTIFICATES OF INDE BTEDNESS, DEBENTURES , OR 9
63+OTHER OBLIGATIONS . 10
6664
67- (H) “URBAN RENEWAL AREA ” MEANS A SLUM AREA OR A BLIGHTED AREA OR
68-A COMBINATION OF THE M WHICH THE MUNICIPA LITY DESIGNATES AS A PPROPRIATE
69-FOR AN URBAN RENEWAL PROJECT.
65+ (D) “FEDERAL GOVERNMENT ” MEANS THE UNITED STATES OF AMERICA OR 11
66+ANY AGENCY OR INSTRU MENTALITY, CORPORATE OR OTHERWI SE, OF THE UNITED 12
67+STATES OF AMERICA. 13
7068
71- (I) “URBAN RENEWAL PLAN ” MEANS A PLAN , AS IT EXISTS FROM TI ME TO
72-TIME, FOR AN URBAN RENEWAL PROJECT. THE PLAN SHALL BE SUF FICIENTLY
73-COMPLETE TO INDICATE A NY LAND ACQUISITION , DEMOLITION, AND REMOVAL OF
74-STRUCTURES , REDEVELOPMENT , IMPROVEMENTS , AND REHABILITATION A S MAY BE
75-PROPOSED TO BE CARRI ED OUT IN THE URBAN RENEWAL AREA , ZONING AND
76-PLANNING CHANGES , IF ANY, LAND USES, MAXIMUM DENSITY , AND BUILDING
77-REQUIREMENTS .
69+ (E) “MUNICIPALITY” MEANS THE TOWN OF MOUNT AIRY, MARYLAND. 14
7870
79- (J) “URBAN RENEWAL PROJECT ” MEANS UNDERTAKINGS A ND ACTIVITIES
80-OF A MUNICIPALITY IN AN URBAN RENEWAL ARE A FOR THE ELIMINATIO N AND FOR
81-THE PREVENTION OF TH E DEVELOPMENT OR SPR EAD OF SLUMS AND BLI GHT, AND
82-MAY INVOLVE SLUM CLE ARANCE AND REDEVELOPMENT IN AN URBAN RENEWAL
83-AREA, OR REHABILITATION OR CONSERVATION IN AN U RBAN RENEWAL AREA , OR
84-ANY COMBINATION OR P ART OF THEM IN ACCOR DANCE WITH AN URBAN RENEWAL
85-PLAN. THESE UNDERTAKINGS AN D ACTIVITIES MAY INC LUDE:
71+ (F) “PERSON” MEANS ANY INDIVIDUAL , FIRM, PARTNERSHIP, 15
72+CORPORATION , COMPANY, ASSOCIATION, JOINT STOCK ASSOCIAT ION, OR BODY 16
73+POLITIC. IT INCLUDES ANY TRUST EE, RECEIVER, ASSIGNEE, OR OTHER PERSON 17
74+ACTING IN SIMILAR RE PRESENTATIVE CAPACIT Y. 18
8675
87- (1) ACQUISITION OF A S LUM AREA OR A BLIGHT ED AREA OR PORTION
88-OF THEM;
76+ (G) “SLUM AREA ” MEANS ANY AREA OR SI NGLE PROPERTY WHERE 19
77+DWELLINGS PREDOMINATE WHICH , BY REASON OF DEPRECI ATION, 20
78+OVERCROWDING , FAULTY ARRANGEMENT O R DESIGN, LACK OF VENTILATION , 21
79+LIGHT, OR SANITARY FACILITI ES, OR ANY COMBINATION O F THESE FACTORS , ARE 22
80+DETRIMENTAL TO THE P UBLIC SAFETY, HEALTH, OR MORALS. 23
8981
90- (2) DEMOLITION AND REMOVA L OF BUILDINGS AND I MPROVEMENTS ;
91- WES MOORE, Governor Ch. 124
82+ (H) “URBAN RENEWAL AREA” MEANS A SLUM AREA OR A BLIGHTED AREA OR 24
83+A COMBINATION OF THE M WHICH THE MUNICIPA LITY DESIGNATES AS A PPROPRIATE 25
84+FOR AN URBAN RENEWAL PROJECT. 26
9285
93-– 3 –
94- (3) INSTALLATION , CONSTRUCTION OR RECO NSTRUCTION OF
95-STREETS, UTILITIES, PARKS, PLAYGROUNDS , AND OTHER IMPROVEMEN TS
96-NECESSARY FOR CARRYI NG OUT THE URBAN RENEWAL OB JECTIVES OF THIS
97-APPENDIX IN ACCORDAN CE WITH THE URBAN RE NEWAL PLAN;
86+ (I) “URBAN RENEWAL PLAN ” MEANS A PLAN , AS IT EXISTS FROM TI ME TO 27
87+TIME, FOR AN URBAN RENEWAL PROJECT. THE PLAN SHALL BE SUFFICI ENTLY 28
88+COMPLETE TO INDICATE ANY LAND ACQUISITION , DEMOLITION, AND REMOVAL OF 29
89+STRUCTURES , REDEVELOPMENT , IMPROVEMENTS , AND REHABILITATION A S MAY BE 30
90+PROPOSED TO BE CARRI ED OUT IN THE URBAN RENEWAL AREA , ZONING AND 31
91+PLANNING CHANGES , IF ANY, LAND USES, MAXIMUM DENSITY , AND BUILDING 32
92+REQUIREMENTS . 33
93+ HOUSE BILL 561 3
9894
99- (4) DISPOSITION OF ANY PR OPERTY ACQUIRED IN T HE URBAN
100-RENEWAL AREA , INCLUDING SALE , INITIAL LEASING , OR RETENTION BY THE
101-MUNICIPALITY ITSELF , AT ITS FAIR VALUE FO R USES IN ACCORDANCE W ITH THE
102-URBAN RENEWAL PLAN ;
10395
104- (5) CARRYING OUT PLANS FO R A PROGRAM OF VOLUN TARY OR
105-COMPULSORY REPAIR AN D REHABILITATION OF BUILDINGS OR OTHER
106-IMPROVEMENTS IN ACCO RDANCE WITH THE URBA N RENEWAL PLAN ;
96+ (J) “URBAN RENEWAL PROJECT ” MEANS UNDERTAKINGS A ND ACTIVITIES 1
97+OF A MUNICIPALITY IN AN URBAN RENEWAL ARE A FOR THE ELIMINATIO N AND FOR 2
98+THE PREVENTION OF TH E DEVELOPMENT OR SPR EAD OF SLUMS AND BLI GHT, AND 3
99+MAY INVOLVE SLUM CLE ARANCE AND REDEVELOP MENT IN AN URBAN REN EWAL 4
100+AREA, OR REHABILITATION OR CONSERVATION IN AN U RBAN RENEWAL AREA , OR 5
101+ANY COMBINATION OR P ART OF THEM IN ACCOR DANCE WITH AN URBAN RENEWAL 6
102+PLAN. THESE UNDERTAKINGS AN D ACTIVITIES MAY INC LUDE: 7
107103
108- (6) ACQUISITION OF ANY OT HER REAL PROPERTY IN THE URBA N
109-RENEWAL AREA WHERE N ECESSARY TO ELIMINAT E UNHEALTHFUL , UNSANITARY,
110-OR UNSAFE CONDITIONS , LESSEN DENSITY , ELIMINATE OBSOLETE O R OTHER USES
111-DETRIMENTAL TO THE P UBLIC WELFARE , OR OTHERWISE TO REMO VE OR PREVENT
112-THE SPREAD OF BLIGHT OR DETERIORATION, OR TO PROVIDE LAND F OR NEEDED
113-PUBLIC FACILITIES ; AND
104+ (1) ACQUISITION OF A SLUM AREA OR A BLIGHTED A REA OR PORTION 8
105+OF THEM; 9
114106
115- (7) THE PRESERVATION , IMPROVEMENT , OR EMBELLISHMENT OF
116-HISTORIC STRUCTURES OR MONUMENTS .
107+ (2) DEMOLITION AND REMOVA L OF BUILDINGS AND I MPROVEMENTS ; 10
117108
118-A1–102. POWERS.
109+ (3) INSTALLATION , CONSTRUCTION OR RECO NSTRUCTION OF 11
110+STREETS, UTILITIES, PARKS, PLAYGROUNDS , AND OTHER IMPROVEMEN TS 12
111+NECESSARY FOR CARRYIN G OUT THE URBAN RENE WAL OBJECTIVES OF TH IS 13
112+APPENDIX IN ACCORDAN CE WITH THE URBAN RE NEWAL PLAN; 14
119113
120- (A) THE MUNICIPALITY MAY UNDERTAKE AND CARRY OUT URBAN RENEWAL
121-PROJECTS.
114+ (4) DISPOSITION OF ANY PR OPERTY ACQUIRED IN T HE URBAN 15
115+RENEWAL AREA , INCLUDING SALE , INITIAL LEASING , OR RETENTION BY THE 16
116+MUNICIPALITY ITSE LF, AT ITS FAIR VALUE FO R USES IN ACCORDANCE WITH THE 17
117+URBAN RENEWAL PLAN ; 18
122118
123- (B) THESE PROJECTS SHALL BE LIMITED:
119+ (5) CARRYING OUT PLANS FO R A PROGRAM OF VOLUN TARY OR 19
120+COMPULSORY REPAIR AN D REHABILITATION OF BUILDINGS OR OTHER 20
121+IMPROVEMENTS IN ACCO RDANCE WITH THE URBA N RENEWAL PLAN ; 21
124122
125- (1) TO SLUM CLEARANCE IN SLUM OR BLIGHTED ARE AS AND
126-REDEVELOPMENT OR THE REHABILITATION OF SL UM OR BLIGHTED AREAS ;
123+ (6) ACQUISITION OF ANY OTHER REAL PROPERTY IN THE URBAN 22
124+RENEWAL AREA WHERE N ECESSARY TO ELIMINAT E UNHEALTHFUL , UNSANITARY, 23
125+OR UNSAFE CONDITIONS , LESSEN DENSITY , ELIMINATE OBSOLETE O R OTHER USES 24
126+DETRIMENTAL TO THE P UBLIC WELFARE , OR OTHERWISE TO REMO VE OR PREVENT 25
127+THE SPREAD OF BLIGHT OR DETERIORATION , OR TO PROVIDE LAND F OR NEEDED 26
128+PUBLIC FACILITIES ; AND 27
127129
128- (2) TO ACQUIRE IN CONNECT ION WITH THOSE PROJE CTS, WITHIN
129-THE CORPORATE LIMITS OF THE MUNICIPALITY , LAND AND PROPERTY OF EVER Y
130-KIND AND ANY RIGHT , INTEREST, FRANCHISE, EASEMENT, OR PRIVILEGE ,
131-INCLUDING LAND OR PR OPERTY AND ANY RIGHT OR INTEREST ALREADY DEVOTED
132-TO PUBLIC USE, BY PURCHASE, LEASE, GIFT, CONDEMNATION , OR ANY OTHER LEGAL
133-MEANS; AND
130+ (7) THE PRESERVATION , IMPROVEMENT , OR EMBELLISHMENT OF 28
131+HISTORIC STRUCTURES OR MONUMENTS . 29
134132
135- (3) TO SELL, LEASE, CONVEY, TRANSFER, OR OTHERWISE DISPOSE OF
136-ANY OF THE LAND OR P ROPERTY, REGARDLESS OF WHETHE R OR NOT IT HAS BEEN Ch. 124 2023 LAWS OF MARYLAND
133+A1–102. POWERS. 30
137134
138-– 4 –
139-DEVELOPED , REDEVELOPED , ALTERED, OR IMPROVED AND IRRE SPECTIVE OF THE
140-MANNER OR MEANS IN O R BY WHICH IT MAY HA VE BEEN ACQUIRED , TO ANY PRIVATE,
141-PUBLIC, OR QUASI–PUBLIC CORPORATION , PARTNERSHIP , ASSOCIATION, PERSON,
142-OR OTHER LEGAL ENTIT Y.
135+ (A) THE MUNICIPALITY MAY UNDERTAKE AND CARRY OUT URBAN RENEWAL 31
136+PROJECTS. 32
143137
144- (C) LAND OR PROPERTY TAKE N BY THE MUNICIPALIT Y FOR ANY OF THESE
145-PURPOSES OR IN CONNE CTION WITH THE EXERC ISE OF ANY OF THE PO WERS WHICH
146-ARE GRANTED BY THIS APPENDIX TO THE MUNICIPALITY BY EXER CISING THE
147-POWER OF EMINENT DOM AIN MAY NOT BE TAKEN WITHOUT JUST COMPENS ATION,
148-AS AGREED ON BETWEEN THE PARTIES, OR AWARDED BY A JURY , BEING FIRST PAID
149-OR TENDERED TO THE P ARTY ENTITLED TO THE COMPENSATION .
138+ (B) THESE PROJECTS SHALL BE LIMITED: 33 4 HOUSE BILL 561
150139
151- (D) ALL LAND OR PROPERTY N EEDED OR TAKEN BY TH E EXERCISE OF THE
152-POWER OF EMINENT DOM AIN BY THE MUNICIPAL ITY FOR ANY OF THESE PURPOSES
153-OR IN CONNECTION WIT H THE EXERCISE OF AN Y OF THE POWERS GRAN TED BY THIS
154-APPENDIX IS DECLARED TO BE NEEDED OR TAKE N FOR PUBLIC US ES AND
155-PURPOSES.
156140
157- (E) ANY OR ALL OF THE ACT IVITIES AUTHORIZED P URSUANT TO THIS
158-APPENDIX CONSTITUTE GOVERNMENTAL FUNCTIO NS UNDERTAKEN FOR PU BLIC
159-USES AND PURPOSES AN D THE POWER OF TAXAT ION MAY BE EXERCISED , PUBLIC
160-FUNDS EXPENDED , AND PUBLIC CREDIT EX TENDED IN FURTHERANCE OF TH EM.
161141
162-A1–103. ADDITIONAL POWERS .
142+ (1) TO SLUM CLEARANCE IN SLUM OR BLIGHTED ARE AS AND 1
143+REDEVELOPMENT OR THE REHABILITATION OF SL UM OR BLIGHTED AREAS ; 2
163144
164- THE MUNICIPALITY HAS THE FOLLOWING ADDITI ONAL POWERS . THESE
165-POWERS ARE DECLARED TO BE NECESSARY AND PROPER TO CARRY INTO FULL
166-FORCE AND EFFECT THE SPECIFIC POWERS GRAN TED IN THIS APPENDIX AND TO
167-FULLY ACCOMPLISH THE PURPO SES AND OBJECTS CONT EMPLATED BY THE
168-PROVISIONS OF THIS S ECTION:
145+ (2) TO ACQUIRE IN CONNECT ION WITH THOSE PROJE CTS, WITHIN 3
146+THE CORPORATE LIMITS OF THE MUNICIPALITY , LAND AND PROPERTY OF EVERY 4
147+KIND AND ANY RIGHT , INTEREST, FRANCHISE, EASEMENT, OR PRIVILEGE , 5
148+INCLUDING LAND OR PR OPERTY AND ANY RIGHT OR INTEREST ALREADY DEVOTED 6
149+TO PUBLIC USE, BY PURCHASE, LEASE, GIFT, CONDEMNATION , OR ANY OTHER LEGAL 7
150+MEANS; AND 8
169151
170- (1) TO MAKE OR HAVE MADE ALL SURVEYS AND PLAN S NECESSARY TO
171-THE CARRYING OUT OF THE PURPOSES OF THIS APPENDIX AND TO ADOP T OR
172-APPROVE, MODIFY, AND AMEND THOSE PLAN S. THESE PLANS MAY INCLUDE , BUT
173-ARE NOT LIMITED TO :
152+ (3) TO SELL, LEASE, CONVEY, TRANSFER, OR OTHERWISE DISPOSE OF 9
153+ANY OF THE LAND OR P ROPERTY, REGARDLESS OF WHETHE R OR NOT IT HAS BEEN 10
154+DEVELOPED , REDEVELOPED , ALTERED, OR IMPROVED AND IRRE SPECTIVE OF THE 11
155+MANNER OR MEANS IN O R BY WHICH IT MAY HA VE BEEN ACQUIRED , TO ANY PRIVATE, 12
156+PUBLIC, OR QUASI–PUBLIC CORPORATION , PARTNERSHIP , ASSOCIATION, PERSON, 13
157+OR OTHER LEGAL ENTIT Y. 14
174158
175- (I) PLANS FOR CARRYING OU T A PROGRAM OF VOLUN TARY OR
176-COMPULSORY REPAIR AN D REHABILITATION OF BUILDINGS AND IMPROV EMENTS;
159+ (C) LAND OR PROPERTY TAKE N BY THE MUNICIPALIT Y FOR ANY OF THESE 15
160+PURPOSES OR IN CONNE CTION WITH THE EXERC ISE OF ANY OF THE PO WERS WHICH 16
161+ARE GRANTED BY THIS APPENDIX TO THE MUNI CIPALITY BY EXERCISI NG THE 17
162+POWER OF EMINENT DOM AIN MAY NOT BE TAKEN WITHOUT JUST COMPENS ATION, 18
163+AS AGREED ON BETWEEN THE PARTIES, OR AWARDED BY A JURY , BEING FIRST PAID 19
164+OR TENDERED TO THE P ARTY ENTITLED TO TH E COMPENSATION . 20
177165
178- (II) PLANS FOR THE ENFORCE MENT OF CODES AND
179-REGULATIONS RELATING TO THE USE OF L AND AND THE USE AND OCCUPANCY OF
180-BUILDINGS AND IMPROV EMENTS AND TO THE CO MPULSORY REPAIR , WES MOORE, Governor Ch. 124
166+ (D) ALL LAND OR PROPERTY NEEDED OR TAKEN BY T HE EXERCISE OF THE 21
167+POWER OF EMINENT DOM AIN BY THE MUNICIPAL ITY FOR ANY OF THESE PURPOSES 22
168+OR IN CONNECTION WIT H THE EXERCISE OF AN Y OF THE POWERS GRAN TED BY THIS 23
169+APPENDIX IS DECLARED TO BE NEEDE D OR TAKEN FOR PUBLI C USES AND 24
170+PURPOSES. 25
181171
182-– 5 –
183-REHABILITATION , DEMOLITION, OR REMOVAL OF BUILDI NGS AND IMPROVEMENTS ;
184-AND
172+ (E) ANY OR ALL OF THE ACT IVITIES AUTHORIZED P URSUANT TO THIS 26
173+APPENDIX CONSTITUTE GOVERNMENTAL FUNCTIO NS UNDERTAKEN FOR PU BLIC 27
174+USES AND PURPOSES AN D THE POWER OF TAXAT ION MAY BE EXERCISED , PUBLIC 28
175+FUNDS EXPENDED , AND PUBLIC CREDIT EXTE NDED IN FURTHERANCE OF THEM. 29
185176
186- (III) APPRAISALS, TITLE SEARCHES , SURVEYS, STUDIES, AND
187-OTHER PLANS AND WORK NECESSARY T O PREPARE FOR THE UN DERTAKING OF
188-URBAN RENEWAL PROJEC TS AND RELATED ACTIV ITIES; AND TO APPLY FOR ,
189-ACCEPT, AND UTILIZE GRANTS O F FUNDS FROM THE FED ERAL GOVERNMENT OR
190-OTHER GOVERNMENTAL E NTITY FOR THOSE PURP OSES;
177+A1–103. ADDITIONAL POWERS . 30
191178
192- (2) TO PREPARE PLANS FOR THE RELOCATION OF PERSONS
193-(INCLUDING FAMILIES , BUSINESS CONCERNS , AND OTHERS ) DISPLACED FROM AN
194-URBAN RENEWAL AREA , AND TO MAKE RELOCATI ON PAYMENTS TO OR WI TH
195-RESPECT TO THOSE PER SONS FOR MOVING EXPE NSES AND LOSSES OF P ROPERTY
196-FOR WHICH REIMBURSEM ENT OR COMPENSATION IS NOT OTHERWISE MADE ,
197-INCLUDING THE MAKING OF PAYMENTS FINANCED BY THE FEDERAL GOVER NMENT;
179+ THE MUNICIPALITY HAS THE FOLLOWING ADDITI ONAL POWERS . THESE 31
180+POWERS ARE DECLARED TO BE NECESSARY AND PROPER TO CARRY INTO FULL 32
181+FORCE AND EFFECT THE SPECIFIC POWERS GRAN TED IN THIS APPENDIX AND TO 33
182+FULLY ACCOMPLISH THE PURPOSES AND OBJECTS CONTEMPLATED BY THE 34
183+PROVISIONS OF THIS S ECTION: 35 HOUSE BILL 561 5
198184
199- (3) TO APPROPRIATE WHATEV ER FUNDS AND MAKE WH ATEVER
200-EXPENDITURES AS MAY BE NECESSARY TO CARR Y OUT THE PURPOSES O F THIS
201-APPENDIX, INCLUDING, BUT NOT LIMITED :
202185
203- (I) TO THE PAYMENT OF ANY A ND ALL COSTS AND EXP ENSES
204-INCURRED IN CONNECTI ON WITH, OR INCIDENTAL TO , THE ACQUISITION OF L AND
205-OR PROPERTY , AND FOR THE DEMOLITI ON, REMOVAL, RELOCATION , RENOVATION ,
206-OR ALTERATION OF LAN D, BUILDINGS, STREETS, HIGHWAYS, ALLEYS, UTILITIES, OR
207-SERVICES, AND OTHER STRUCTURES OR IMPROVEMENTS , AND FOR THE
208-CONSTRUCTION , RECONSTRUCTION , INSTALLATION, RELOCATION, OR REPAIR OF
209-STREETS, HIGHWAYS, ALLEYS, UTILITIES, OR SERVICES, IN CONNECTION WITH
210-URBAN RENEWAL PROJEC TS;
211186
212- (II) TO LEVY TAXES AND ASSESSMENTS FOR THOS E PURPOSES;
187+ (1) TO MAKE OR HAVE MADE ALL SURVEYS AND PLAN S NECESSARY TO 1
188+THE CARRYING OUT OF THE PURPOSES OF THIS APPENDIX AND TO ADOP T OR 2
189+APPROVE, MODIFY, AND AMEND THOSE PLAN S. THESE PLANS MAY INCLU DE, BUT 3
190+ARE NOT LIMITED TO : 4
213191
214- (III) TO BORROW MONEY AND T O APPLY FOR AND ACCE PT
215-ADVANCES, LOANS, GRANTS, CONTRIBUTIONS , AND ANY OTHER FORM O F FINANCIAL
216-ASSISTANCE FROM THE FEDERAL GOVERNMENT , THE STATE, COUNTY, OR OTHER
217-PUBLIC BODIES, OR FROM ANY SO URCES, PUBLIC OR PRIVATE , FOR THE PURPOSES
218-OF THIS APPENDIX , AND TO GIVE WHATEVER SECURITY AS MAY BE R EQUIRED FOR
219-THIS FINANCIAL ASSIS TANCE; AND
192+ (I) PLANS FOR CARRYING OU T A PROGRAM OF VOLUNTARY OR 5
193+COMPULSORY REPAIR AN D REHABILITATION OF BUILDINGS AND IMPROV EMENTS; 6
220194
221- (IV) TO INVEST ANY URBAN R ENEWAL FUNDS HELD IN RESERVES
222-OR SINKING FUNDS OR ANY OF THESE FUNDS N OT REQUIRED FOR IMMEDIATE
223-DISBURSEMENT IN PROP ERTY OR SECURITIES W HICH ARE LEGAL INVES TMENTS FOR
224-OTHER MUNICIPAL FUND S;
225- Ch. 124 2023 LAWS OF MARYLAND
195+ (II) PLANS FOR THE ENFORCE MENT OF CODES AND 7
196+REGULATIONS RELATING TO THE USE OF LAND A ND THE USE AND OCCUP ANCY OF 8
197+BUILDINGS AND IMPROV EMENTS AND TO THE CO MPULSORY REPAIR , 9
198+REHABILITATION , DEMOLITION, OR REMOVAL OF BUILDI NGS AND IMPROVEMENTS ; 10
199+AND 11
226200
227-– 6 –
228- (4) (I) TO HOLD , IMPROVE, CLEAR, OR PREPARE FOR
229-REDEVELOPMENT ANY PR OPERTY ACQUIRED IN C ONNECTION WITH URBAN
230-RENEWAL PROJECTS ;
201+ (III) APPRAISALS, TITLE SEARCHES , SURVEYS, STUDIES, AND 12
202+OTHER PLANS AND WORK NECESSARY TO PREPARE FOR THE UNDERTAKING OF 13
203+URBAN RENEWAL PROJEC TS AND RELATED ACTIV ITIES; AND TO APPL Y FOR, 14
204+ACCEPT, AND UTILIZE GRANTS O F FUNDS FROM THE FED ERAL GOVERNMENT OR 15
205+OTHER GOVERNMENTAL E NTITY FOR THOSE PURP OSES; 16
231206
232- (II) TO MORTG AGE, PLEDGE, HYPOTHECATE , OR OTHERWISE
233-ENCUMBER THAT PROPER TY; AND
207+ (2) TO PREPARE PLANS FOR THE RELOCATION OF PE RSONS 17
208+(INCLUDING FAMILIES , BUSINESS CONCERNS , AND OTHERS ) DISPLACED FROM AN 18
209+URBAN RENEWA L AREA, AND TO MAKE RELOCATI ON PAYMENTS TO OR WI TH 19
210+RESPECT TO THOSE PER SONS FOR MOVING EXPE NSES AND LOSSES OF P ROPERTY 20
211+FOR WHICH REIMBURSEM ENT OR COMPENSATION IS NOT OTHERWISE MAD E, 21
212+INCLUDING THE MAKING OF PAYMENTS FINANCED BY THE FEDERAL GOVER NMENT; 22
234213
235- (III) TO INSURE OR PROVIDE FOR THE INSURANCE OF THE
236-PROPERTY OR OPERATIO NS OF THE MUNICIPALI TY AGAINST ANY RISKS OR
237-HAZARDS, INCLUDING THE POWER TO PAY PREMIUMS ON A NY INSURANCE ;
214+ (3) TO APPROPRIATE WHATEV ER FUNDS AND MAKE WH ATEVER 23
215+EXPENDITURES AS MAY BE NECESSARY TO CARR Y OUT THE PURPOSES O F THIS 24
216+APPENDIX, INCLUDING, BUT NOT LIMITED : 25
238217
239- (5) TO MAKE AND EXECUTE A LL CONTRACTS AND OTH ER
240-INSTRUMENTS NECESSAR Y OR CONVENIENT TO T HE EXERCISE OF ITS P OWERS
241-UNDER THIS APPENDIX , INCLUDING THE POWER TO ENTER INTO AGREEM ENTS WITH
242-OTHER PUBLIC BODIES OR AGENCIES (THESE AGREEMENTS MAY EXTEND OVER ANY
243-PERIOD, NOTWITHSTANDING ANY PROVISION OR RULE OF LAW TO THE CONTRARY ),
244-AND TO INCLUDE IN AN Y CONTRACT FOR FINAN CIAL ASSISTANCE WITH THE
245-FEDERAL GOVERNMENT F OR OR WITH RESPECT T O AN URBAN RENEWAL P ROJECT
246-AND RELATED ACTIVITI ES ANY CONDITIONS IM POSED PURSUANT TO FEDERAL LAWS
247-AS THE MUNICIPALITY CONSIDERS REASONABLE AND APPROPRIATE ;
218+ (I) TO THE PAYMENT OF ANY AND ALL COSTS AND EX PENSES 26
219+INCURRED IN CONNECTI ON WITH, OR INCIDENTAL T O, THE ACQUISITION OF L AND 27
220+OR PROPERTY , AND FOR THE DEMOLITI ON, REMOVAL, RELOCATION , RENOVATION , 28
221+OR ALTERATION OF LAN D, BUILDINGS, STREETS, HIGHWAYS, ALLEYS, UTILITIES, OR 29
222+SERVICES, AND OTHER STRUCTURES OR IMPROVEMENTS , AND FOR THE 30
223+CONSTRUCTION , RECONSTRUC TION, INSTALLATION, RELOCATION, OR REPAIR OF 31
224+STREETS, HIGHWAYS, ALLEYS, UTILITIES, OR SERVICES, IN CONNECTION WITH 32
225+URBAN RENEWAL PROJEC TS; 33
248226
249- (6) TO ENTER INTO ANY BUI LDING OR PROPERTY IN ANY URBAN
250-RENEWAL AREA IN ORDE R TO MAKE INSPECTION S, SURVEYS, APPRAISALS,
251-SOUNDINGS, OR TEST BORINGS , AND TO OBTAIN AN ORD ER FOR THIS PURPOSE FROM
252-THE CIRCUIT COURT FO R THE COUNTY IN WHIC H THE MUNICIPALITY I S SITUATED IN
253-THE EVENT ENTRY IS D ENIED OR RESISTED ;
227+ (II) TO LEVY TAXES AND ASS ESSMENTS FOR THOSE P URPOSES; 34
228+ 6 HOUSE BILL 561
254229
255- (7) TO PLAN, REPLAN, INSTALL, CONSTRUCT, RECONSTRUCT ,
256-REPAIR, CLOSE, OR VACATE STREETS , ROADS, SIDEWALKS, PUBLIC UTILITIES ,
257-PARKS, PLAYGROUNDS , AND OTHER PUBLIC IMP ROVEMENTS IN CONNECT ION WITH
258-AN URBAN RENEWAL PRO JECT; AND TO MAKE EXCEPTIO NS FROM BUILDING
259-REGULATIONS ;
260230
261- (8) TO GENERALLY ORGANIZE , COORDINATE , AND DIRECT THE
262-ADMINISTRATION OF TH E PROVISIONS OF THIS APPENDIX AS THEY APPLY TO THE
263-MUNICIPALITY IN ORDE R THAT THE OBJECTIVE OF REMEDYING SLUM AN D
264-BLIGHTED AREAS AND P REVENTING ITS CAUSES WITHIN THE MUNICIPAL ITY MAY BE
265-PROMOTED AND ACHIEVE D MOST EFFECTIVELY ; AND
231+ (III) TO BORROW MONEY AND T O APPLY FOR AND ACCE PT 1
232+ADVANCES, LOANS, GRANTS, CONTRIBUTIONS , AND ANY OTHER FORM O F FINANCIAL 2
233+ASSISTANCE FROM THE FEDERAL GOVERNMENT , THE STATE, COUNTY, OR OTHER 3
234+PUBLIC BODIES, OR FROM ANY SOURCES , PUBLIC OR PRIVATE , FOR THE PURPOSES 4
235+OF THIS APPENDIX , AND TO GIVE WHATEVER SECURITY AS MAY BE REQUIRED F OR 5
236+THIS FINANCIAL ASSIS TANCE; AND 6
266237
267- (9) TO EXERCISE ALL OR AN Y PART OR COMBINATIO N OF THE
268-POWERS GRANTED IN THIS APPE NDIX.
269- WES MOORE, Governor Ch. 124
238+ (IV) TO INVEST ANY URBAN R ENEWAL FUNDS HELD IN RESERVES 7
239+OR SINKING FUNDS OR ANY OF THESE FUNDS N OT REQUIRED FOR IMME DIATE 8
240+DISBURSEMENT IN PROP ERTY OR SECURITIES W HICH ARE LEGAL INVES TMENTS FOR 9
241+OTHER MUNICIPAL FUNDS ; 10
270242
271-– 7 –
272-A1–104. ESTABLISHMENT OF URBA N RENEWAL AGENCY .
243+ (4) (I) TO HOLD , IMPROVE, CLEAR, OR PREPARE FOR 11
244+REDEVELOPMENT ANY PR OPERTY ACQUIRED IN C ONNECTION WITH URBAN 12
245+RENEWAL PROJECTS ; 13
273246
274- (A) A MUNICIPALITY MAY ITS ELF EXERCISE ALL THE POWERS GRANTED BY
275-THIS APPENDIX , OR MAY, IF ITS LEGISLATIVE B ODY BY ORDINANCE DET ERMINES
276-THE ACTION TO BE IN THE PUBLIC INTEREST , ELECT TO HAVE THE POWER S
277-EXERCISED BY A SEPAR ATE PUBLIC BODY OR A GENCY.
247+ (II) TO MORTGAGE , PLEDGE, HYPOTHECATE , OR OTHERWISE 14
248+ENCUMBER THAT PROPER TY; AND 15
278249
279- (B) IN THE EVENT THE LEGI SLATIVE BODY MAKES T HAT DETERMINATION ,
280-IT SHALL PROCEED BY ORDINANCE TO ESTABLI SH A PUBLIC BODY OR AGENCY TO
281-UNDERTAKE IN THE MUN ICIPALITY THE ACTIVI TIES AUTHOR IZED BY THIS
282-APPENDIX.
250+ (III) TO INSURE OR PROVIDE FOR THE INSU RANCE OF THE 16
251+PROPERTY OR OPERATIO NS OF THE MUNICIPALI TY AGAINST ANY RISKS OR 17
252+HAZARDS, INCLUDING THE POWER TO PAY PREMIUMS ON A NY INSURANCE ; 18
283253
284- (C) THE ORDINANCE SHALL I NCLUDE PROVISIONS ES TABLISHING THE
285-NUMBER OF MEMBERS OF THE PUBLIC BODY OR A GENCY, THE MANNER OF THEIR
286-APPOINTMENT AND REMO VAL, AND THE TERMS OF THE MEMBERS AND THEIR
287-COMPENSATION .
254+ (5) TO MAKE AND EXECUTE A LL CONTRACTS AND OTH ER 19
255+INSTRUMENTS NECESSAR Y OR CONVENIENT TO T HE EXERCISE OF ITS POWERS 20
256+UNDER THIS APPENDIX , INCLUDING THE POWER TO ENTER INTO AGREEM ENTS WITH 21
257+OTHER PUBLIC BODIES OR AGENCIES (THESE AGREEMENTS MAY EXTEND OVER ANY 22
258+PERIOD, NOTWITHSTANDING ANY PROVISION OR RULE OF LAW TO THE CONTRARY ), 23
259+AND TO INCLUDE IN AN Y CONTRACT FOR FINANCIA L ASSISTANCE WITH TH E 24
260+FEDERAL GOVERNMENT F OR OR WITH RESPECT T O AN URBAN RENEWAL P ROJECT 25
261+AND RELATED ACTIVITI ES ANY CONDITIONS IM POSED PURSUANT TO FE DERAL LAWS 26
262+AS THE MUNICIPALITY CONSIDERS REASONABLE AND APPROPRIATE ; 27
288263
289- (D) THE ORDINANCE MAY INCLUDE WHATEVER ADD ITIONAL PROVISIONS
290-RELATING TO THE ORGA NIZATION OF THE PUBL IC BODY OR AGENCY AS MAY BE
291-NECESSARY.
264+ (6) TO ENTER IN TO ANY BUILDING OR P ROPERTY IN ANY URBAN 28
265+RENEWAL AREA IN ORDE R TO MAKE INSPECTION S, SURVEYS, APPRAISALS, 29
266+SOUNDINGS, OR TEST BORINGS , AND TO OBTAIN AN ORD ER FOR THIS PURPOSE FROM 30
267+THE CIRCUIT COURT FO R THE COUNTY IN WHIC H THE MUNICIPALITY I S SITUATED IN 31
268+THE EVENT ENTRY IS DENIE D OR RESISTED; 32
292269
293- (E) IN THE EVENT THE LEGI SLATIVE BODY ENACTS THIS ORDINANCE , ALL
294-OF THE POWERS BY THI S APPENDIX GRANTED T O THE MUNICIPALITY , FROM THE
295-EFFECTIVE DATE OF THE ORDINANCE, ARE VESTED IN THE PU BLIC BODY OR AGENCY
296-ESTABLISHED BY THE O RDINANCE.
270+ (7) TO PLAN, REPLAN, INSTALL, CONSTRUCT, RECONSTRUCT , 33
271+REPAIR, CLOSE, OR VACATE STREETS , ROADS, SIDEWALKS, PUBLIC UTILITIES , 34
272+PARKS, PLAYGROUNDS , AND OTHER PUBLIC IMP ROVEMENTS IN CONNECT ION WITH 35
273+AN URBAN RENEWAL PRO JECT; AND TO MAKE EXCEPTIO NS FROM BUILDING 36 HOUSE BILL 561 7
297274
298-A1–105. POWERS WITHHELD FROM THE AGENCY.
299275
300- THE AGENCY MAY NOT :
276+REGULATIONS ; 1
301277
302- (1) PASS A RESOLUTION TO INITIATE AN URBAN RE NEWAL PROJECT
303-PURSUANT TO SECTIONS A1–102 AND A1–103 OF THIS APPENDIX ;
278+ (8) TO GENERALLY ORGANIZE , COORDINATE , AND DIRECT THE 2
279+ADMINISTRATION OF TH E PROVISIONS OF THIS APPENDIX AS THEY APP LY TO THE 3
280+MUNICIPALITY IN ORDE R THAT THE OBJECTIVE OF REMEDYING SLUM AN D 4
281+BLIGHTED AREAS AND PREVENTING ITS C AUSES WITHIN THE MUN ICIPALITY MAY BE 5
282+PROMOTED AND ACHIEVE D MOST EFFECTIVELY ; AND 6
304283
305- (2) ISSUE GENERAL OBLIGAT ION BONDS PURSUANT T O SECTION
306-A1–111 OF THIS APPENDIX ; OR
284+ (9) TO EXERCISE ALL OR AN Y PART OR COMBINATIO N OF THE 7
285+POWERS GRANTED IN TH IS APPENDIX. 8
307286
308- (3) APPROPRIATE FUNDS OR LEVY TAXES AND ASSES SMENTS
309-PURSUANT TO SECTION A1–103(3) OF THIS APPENDIX .
287+A1–104. ESTABLISHMENT OF URBA N RENEWAL AGENCY . 9
310288
311-A1–106. INITIATION OF PROJECT .
289+ (A) A MUNICIPALITY MAY ITSELF EXER CISE ALL THE POWERS GRANTED BY 10
290+THIS APPENDIX , OR MAY, IF ITS LEGISLATIVE B ODY BY ORDINANCE DET ERMINES 11
291+THE ACTION TO BE IN THE PUBLIC INTEREST , ELECT TO HAVE THE PO WERS 12
292+EXERCISED BY A SEPAR ATE PUBLIC BODY OR A GENCY. 13
312293
313- IN ORDER TO INITIATE AN URBAN RENEWAL PROJEC T, THE LEGISLATIVE
314-BODY OF THE MUNICIPA LITY SHALL ADOPT A R ESOLUTION WHICH : Ch. 124 2023 LAWS OF MARYLAND
294+ (B) IN THE EVENT TH E LEGISLATIVE BODY M AKES THAT DETERMINAT ION, 14
295+IT SHALL PROCEED BY ORDINANCE TO ESTABLI SH A PUBLIC BODY OR AGENCY TO 15
296+UNDERTAKE IN THE MUN ICIPALITY THE ACTIVI TIES AUTHORIZED BY T HIS 16
297+APPENDIX. 17
315298
316-– 8 –
299+ (C) THE ORDINANCE SHALL I NCLUDE PROVISIONS ES TABLISHING THE 18
300+NUMBER OF MEMBERS OF THE PUBLIC BODY OR AGENC Y, THE MANNER OF THEIR 19
301+APPOINTMENT AND REMO VAL, AND THE TERMS OF THE MEMBERS AND THEIR 20
302+COMPENSATION . 21
317303
318- (1) FINDS THAT ONE OR MOR E SLUM OR BLIGHTED A REAS EXIST IN
319-THE MUNICIPALITY ;
304+ (D) THE ORDINANCE MAY INC LUDE WHATEVER ADDITI ONAL PROVISIONS 22
305+RELATING TO THE ORGA NIZATION OF THE PUBL IC BODY OR AGENCY AS MAY BE 23
306+NECESSARY. 24
320307
321- (2) LOCATES AND DEFINES T HE SLUM OR BLIGHTED AREA; AND
308+ (E) IN THE EVENT THE LEGI SLATIVE BODY ENACTS THIS ORDINANCE , ALL 25
309+OF THE POWERS BY THI S APPENDIX GRANTED T O THE MUNICIPALITY , FROM THE 26
310+EFFECTIVE DATE OF TH E ORDINANCE, ARE VESTED IN THE PU BLIC BODY OR AGENCY 27
311+ESTABLISHED BY THE ORDINANCE. 28
322312
323- (3) FINDS THAT THE REHABI LITATION, REDEVELOPMENT , OR A
324-COMBINATION OF THEM , OF THE AREA OR AREAS , IS NECESSARY AND IN THE
325-INTEREST OF THE PUBL IC HEALTH, SAFETY, MORALS, OR WELFARE OF THE
326-RESIDENTS OF THE MUN ICIPALITY.
313+A1–105. POWERS WITHHELD FROM THE AGENCY. 29
327314
328-A1–107. PREPARATION AND APPRO VAL OF PLAN FOR URBAN RENEW AL PROJECT.
315+ THE AGENCY MAY NOT : 30
329316
330- (A) IN ORDER TO CARRY OUT THE PURPOSES OF THIS APPENDIX, THE
331-MUNICIPALITY SHALL H AVE PREPARED AN URBA N RENEWAL PLAN FOR S LUM OR
332-BLIGHTED AREAS IN TH E MUNICIPALITY , AND SHALL APPROVE TH E PLAN
333-FORMALLY. THE MUNICIPALITY SHA LL HOLD A PUBLIC HEA RING ON AN URBAN
334-RENEWAL PROJECT AFTE R PUBLIC NOTICE OF I T BY PUBLICATION IN A NEWSPAPER
335-HAVING A GENERAL CIR CULATION WITHIN THE CORPORATE LIMITS OF THE
336-MUNICIPALITY. THE NOTICE SHALL DESC RIBE THE TIME , DATE, PLACE, AND
337-PURPOSE OF THE H EARING, SHALL GENERALLY IDEN TIFY THE URBAN RENEW AL
338-AREA COVERED BY THE PLAN, AND SHALL OUTLINE TH E GENERAL SCOPE OF T HE
339-URBAN RENEWAL PROJEC T UNDER CONSIDERATIO N. FOLLOWING THE HEARING ,
340-THE MUNICIPALITY MAY APPROVE AN URBAN REN EWAL PROJECT AND THE PLAN
341-THEREFOR IF IT FINDS TH AT:
317+ (1) PASS A RESOLUTION TO INITIATE AN URBAN RE NEWAL PROJECT 31
318+PURSUANT TO SECTIONS A1–102 AND A1–103 OF THIS APPENDIX ; 32 8 HOUSE BILL 561
342319
343- (1) A FEASIBLE METHOD EXIS TS FOR THE LOCATION OF ANY
344-FAMILIES OR NATURAL PERSONS WHO WILL BE DISPLACED FROM THE U RBAN
345-RENEWAL AREA IN DECE NT, SAFE, AND SANITARY DWELLIN G ACCOMMODATIONS
346-WITHIN THEIR MEANS A ND WITHOUT UNDUE HAR DSHIP TO THE FAMILIES OR
347-NATURAL PERSONS ;
348320
349- (2) THE URBAN RENEWAL PLA N CONFORMS SUBSTANTI ALLY TO THE
350-MASTER PLAN OF THE M UNICIPALITY AS A WHO LE; AND
351321
352- (3) THE URBAN RENEWAL PLA N WILL AFFORD MAXIMU M
353-OPPORTUNITY , CONSISTENT WITH THE SOUND NEEDS OF THE M UNICIPALITY AS A
354-WHOLE, FOR THE REHABILITATI ON OR REDEVELOPMENT OF THE URBAN RENEWAL
355-AREA BY PRIVATE ENTE RPRISE.
322+ (2) ISSUE GENERAL OBLIGAT ION BONDS PURSUANT T O SECTION 1
323+A1–111 OF THIS APPENDIX ; OR 2
356324
357- (B) AN URBAN RENEWAL PLAN MAY BE MODIFIED AT A NY TIME. IF
358-MODIFIED AFTER THE L EASE OR SALE OF REAL PROPERTY IN THE URBA N RENEWAL WES MOORE, Governor Ch. 124
325+ (3) APPROPRIATE FUNDS OR LEVY TAXES AND ASSES SMENTS 3
326+PURSUANT TO SECTION A1–103(3) OF THIS APPENDIX . 4
359327
360-– 9 –
361-PROJECT AREA , THE MODIFICATION MAY BE CONDITIONED ON WHATE VER
362-APPROVAL OF THE OWNE R, LESSEE, OR SUCCESSOR IN INTE REST AS THE
363-MUNICIPALITY CONSIDE RS ADVISABLE. IN ANY EVENT, IT SHALL BE SUBJECT TO
364-WHATEVER RIGHTS AT L AW OR IN EQUITY AS A LESSEE OR PURCHASER , OR THE
365-SUCCESSOR OR SUCCESSORS IN INT EREST, MAY BE ENTITLED TO A SSERT. WHERE
366-THE PROPOSED MODIFIC ATION WILL CHANGE SU BSTANTIALLY THE URBA N
367-RENEWAL PLAN AS APPR OVED PREVIOUSLY BY T HE MUNICIPALITY , THE
368-MODIFICATION SHALL B E APPROVED FORMALLY BY THE MUNICIPALITY , AS IN THE
369-CASE OF AN ORIGINAL P LAN.
328+A1–106. INITIATION OF PROJECT . 5
370329
371- (C) ON THE APPROVAL BY TH E MUNICIPALITY OF AN URBAN RENEWAL PLAN
372-OR OF ANY MODIFICATI ON OF IT, THE PLAN OR MODIFICA TION SHALL BE
373-CONSIDERED TO BE IN FULL FORCE AND EFFEC T FOR THE RESPECTIVE URBAN
374-RENEWAL AREA . THE MUNICIPALITY MA Y HAVE THE PLAN OR M ODIFICATION
375-CARRIED OUT IN ACCOR DANCE WITH ITS TERMS .
330+ IN ORDER TO INITIATE AN URBAN RENEWAL PRO JECT, THE LEGISLATIVE 6
331+BODY OF THE MUNICIPA LITY SHALL ADOPT A RESOLUTION W HICH: 7
376332
377-A1–108. DISPOSAL OF PROPERTY IN URBAN RENEWAL ARE A.
333+ (1) FINDS THAT ONE OR MOR E SLUM OR BLIGHTED A REAS EXIST IN 8
334+THE MUNICIPALITY ; 9
378335
379- (A) THE MUNICIPALITY , BY ORDINANCE , MAY SELL, LEASE, OR OTHERWISE
380-TRANSFER REAL PROPER TY OR ANY INTEREST I N IT ACQUIRED BY IT FOR AN URBAN
381-RENEWAL PROJECT TO A NY PERSON FOR RESIDE NTIAL, RECREATIONAL ,
382-COMMERCIAL , INDUSTRIAL, EDUCATIONAL , OR OTHER USES OR FOR PUBLIC USE, OR
383-IT MAY RETAIN THE PR OPERTY OR INTEREST F OR PUBLIC USE , IN ACCORDANCE
384-WITH THE URBAN RENEW AL PLAN AND SUBJECT TO WHATEVER COVENANTS ,
385-CONDITIONS, AND RESTRICTIONS , INCLUDING COVENANTS RUNNING WITH THE
386-LAND, AS IT CONSIDERS NECE SSARY OR DESIRABLE T O ASSIST IN PREVENTI NG THE
387-DEVELOPMENT OR SPREA D OF FUTURE SLUMS OR BLIGHTED AREAS OR TO
388-OTHERWISE CARRY OUT THE PURPOSES OF THIS APPENDIX . THE PURCHASERS OR
389-LESSEES AND THEIR SU CCESSORS AND ASSIGNS SHALL BE OBLIGATED T O DEVOTE
390-THE REAL PROPERTY ON LY TO THE USES SPECI FIED IN THE URBAN RE NEWAL PLAN,
391-AND MAY BE OBLIGATED TO COMPLY WITH WHATE VER OTHER REQUIREMEN TS THE
392-MUNICIPAL ITY DETERMINES TO BE IN THE PUBLIC INTERE ST, INCLUDING THE
393-OBLIGATION TO BEGIN WITHIN A REASONABLE TIME ANY IMPROVEMENT S ON THE
394-REAL PROPERTY REQUIR ED BY THE URBAN RENE WAL PLAN. THE REAL PROPERTY
395-OR INTEREST MAY NOT BE SOLD, LEASED, OTHERWISE TRANSFERRE D, OR RETAINED
396-AT LESS THAN ITS FAI R VALUE FOR USES IN ACCORDANCE WITH THE URBAN
397-RENEWAL PLAN . IN DETERMINING THE FA IR VALUE OF REAL PRO PERTY FOR USES
398-IN ACCORDANCE WITH T HE URBAN RENEWAL PLA N, THE MUNICIPALITY SHA LL TAKE
399-INTO ACCOUNT AND GIV E CONSIDERATION T O THE USES PROVIDED IN THE PLAN,
400-THE RESTRICTIONS ON , AND THE COVENANTS , CONDITIONS, AND OBLIGATIONS
401-ASSUMED BY THE PURCH ASER OR LESSEE OR BY THE MUNICIPALITY RET AINING THE
402-PROPERTY, AND THE OBJECTIVES O F THE PLAN FOR THE P REVENTION OF THE
403-RECURRENCE OF SL UM OR BLIGHTED AREAS . IN ANY INSTRUMENT OR CONVEYANCE Ch. 124 2023 LAWS OF MARYLAND
336+ (2) LOCATES AND DEFINES T HE SLUM OR BLIGHTED AREA; AND 10
404337
405-– 10 –
406-TO A PRIVATE PURCHAS ER OR LESSEE, THE MUNICIPALITY MAY PROVIDE THAT THE
407-PURCHASER OR LESSEE MAY NOT SELL, LEASE, OR OTHERWISE TRANSFE R THE REAL
408-PROPERTY WITHOUT THE PRIOR WRITTEN CONSEN T OF THE MUNICIPA LITY UNTIL
409-THE PURCHASER OR LES SEE HAS COMPLETED TH E CONSTRUCTION OF AN Y OR ALL
410-IMPROVEMENTS WHICH T HE PURCHASER OR LESS EE HAS BEEN OBLIGATE D TO
411-CONSTRUCT ON THE PRO PERTY. REAL PROPERTY ACQUIRE D BY THE MUNICIPALIT Y
412-WHICH, IN ACCORDANCE WITH T HE PROVISIONS OF THE URBAN RENEWAL PLAN, IS
413-TO BE TRANSFERRED , SHALL BE TRANSFERRED AS RAPIDLY AS FEASIB LE IN THE
414-PUBLIC INTEREST CONS ISTENT WITH THE CARR YING OUT OF THE PROV ISIONS OF
415-THE URBAN RENEWAL PL AN. ANY CONTRACT FOR THE TRANSFER AND THE URB AN
416-RENEWAL PLAN (OR ANY PART OR PARTS OF THE CONTRACT OR PLAN AS THE
417-MUNICIPALITY DETERMI NES) MAY BE RECORDED IN T HE LAND RECORDS OF T HE
418-COUNTY IN WHICH THE MUNICIPALITY IS SITU ATED IN A MANNER SO AS TO AFFORD
419-ACTUAL OR CONSTRUCTI VE NOTICE OF IT.
338+ (3) FINDS THAT THE REHABI LITATION, REDEVELOPMENT , OR A 11
339+COMBINATION OF THEM , OF THE AREA OR AREAS, IS NECESSARY AND IN THE 12
340+INTEREST OF THE PUBL IC HEALTH, SAFETY, MORALS, OR WELFARE OF THE 13
341+RESIDENTS OF THE MUN ICIPALITY. 14
420342
421- (B) THE MUNICIPALITY , BY ORDINANCE, MAY DISPOSE OF REAL PROPERTY
422-IN AN URBAN RENEWAL AREA TO PRIVATE PERS ONS. THE MUNICIPALITY MAY , BY
423-PUBLIC NOTICE BY PUB LICATION IN A NEWSPA PER HAVING A GENERAL
424-CIRCULATION IN THE C OMMUNITY, INVITE PROPOSALS FRO M AND MAKE AVAILABLE
425-ALL PERTINENT INF ORMATION TO PRIVATE REDEVELOPERS OR ANY PERSONS
426-INTERESTED IN UNDERT AKING TO REDEVELOP O R REHABILITATE AN UR BAN
427-RENEWAL AREA , OR ANY PART THEREOF . THE NOTICE SHALL IDEN TIFY THE AREA,
428-OR PORTION THEREOF , AND SHALL STATE THAT PROPOSALS SHALL BE M ADE BY
429-THOSE INTERESTED WITHIN A SPECIFIED PERIOD . THE MUNICIPALITY SHAL L
430-CONSIDER ALL REDEVEL OPMENT OR REHABILITA TION PROPOSALS AND T HE
431-FINANCIAL AND LEGAL ABILITY OF THE PERSO NS MAKING PROPOSALS TO CARRY
432-THEM OUT, AND MAY NEGOTIATE WI TH ANY PERSONS FOR P ROPOSALS FOR THE
433-PURCHASE, LEASE, OR OTHER TRANSFER OF ANY REAL PROPERTY AC QUIRED BY
434-THE MUNICIPALITY IN THE URBAN RENEWAL AR EA. THE MUNICIPALITY MAY ACCEPT
435-ANY PROPOSAL AS IT D EEMS TO BE IN THE PU BLIC INTEREST AND IN FURTHERANCE
436-OF THE PURPOSES OF T HIS APPENDIX. THEREAFTER, THE MUNICIPALITY MAY
437-EXECUTE AND DELIVER CONTRACTS, DEEDS, LEASES, AND OTHER INSTRUMENT S
438-AND TAKE ALL STEPS N ECESSARY TO EFFECTUA TE THE TRANSFERS .
343+A1–107. PREPARATION AND APPRO VAL OF PLAN FOR URBA N RENEWAL PROJECT . 15
439344
440- (C) THE MUNICIPALITY MAY OPERATE TEMPORARILY AND MAINTAIN REAL
441-PROPERTY ACQUIRED BY IT IN AN URBAN RENEWAL AREA FOR OR IN CONNECTION
442-WITH AN URBAN RENEWA L PROJECT PENDING TH E DISPOSITION OF THE PROPERTY
443-AS AUTHORIZED IN THI S APPENDIX, WITHOUT REGARD TO TH E PROVISIONS OF
444-SUBSECTION (A) OF THIS SECTION , FOR USES AND PURPOSE S CONSIDERED
445-DESIRABLE EVEN THOU GH NOT IN CONFORMITY WITH THE URBAN RENEW AL PLAN.
345+ (A) IN ORDER TO CARRY OUT THE PURPOSES OF THIS APPENDIX, THE 16
346+MUNICIPALITY SHALL H AVE PREPARED AN URBA N RENEWAL PLAN FOR S LUM OR 17
347+BLIGHTED AREAS IN TH E MUNICIPALITY , AND SHALL APPROVE TH E PLAN 18
348+FORMALLY. THE MUNICIPALITY SHAL L HOLD A PUBLIC HEAR ING ON AN URBAN 19
349+RENEWAL PROJECT AFTE R PUBLIC NOTICE OF I T BY PUBLICAT ION IN A NEWSPAPER 20
350+HAVING A GENERAL CIR CULATION WITHIN THE CORPORATE LIMITS OF THE 21
351+MUNICIPALITY. THE NOTICE SHALL DESC RIBE THE TIME , DATE, PLACE, AND 22
352+PURPOSE OF THE HEARI NG, SHALL GENERALLY IDEN TIFY THE URBAN RENEW AL 23
353+AREA COVERED BY THE PLAN, AND SHALL OUT LINE THE GENERAL SCO PE OF THE 24
354+URBAN RENEWAL PROJEC T UNDER CONSIDERATIO N. FOLLOWING THE HEARING , 25
355+THE MUNICIPALITY MAY APPROVE AN URBAN REN EWAL PROJECT AND THE PLAN 26
356+THEREFOR IF IT FINDS THAT: 27
446357
447- (D) ANY INSTRUMENT EXECUT ED BY THE MUNICIPALI TY AND PURPORTING WES MOORE, Governor Ch. 124
358+ (1) A FEASIBLE METHOD EXIS TS FOR THE LOCATION OF ANY 28
359+FAMILIES OR NATURAL PERSONS WH O WILL BE DISPLACED FROM THE URBAN 29
360+RENEWAL AREA IN DECE NT, SAFE, AND SANITARY DWELLIN G ACCOMMODATIONS 30
361+WITHIN THEIR MEANS A ND WITHOUT UNDUE HAR DSHIP TO THE FAMILIE S OR 31
362+NATURAL PERSONS ; 32
363+ HOUSE BILL 561 9
448364
449-– 11 –
450-TO CONVEY ANY RIGHT , TITLE, OR INTEREST IN ANY P ROPERTY UNDER THIS
451-APPENDIX SHALL BE PR ESUMED CONCLUSIVELY TO HAVE BEEN EXECUTE D IN
452-COMPLIANC E WITH THE PROVISION S OF THIS APPENDIX I NSOFAR AS TITLE OR
453-OTHER INTEREST OF AN Y BONA FIDE PURCHASE RS, LESSEES, OR TRANSFEREES OF
454-THE PROPERTY IS CONC ERNED.
455365
456-A1–109. EMINENT DOMAIN .
366+ (2) THE URBAN RENEWAL PLA N CONFORMS SUBSTANTI ALLY TO THE 1
367+MASTER PLAN OF THE M UNICIPALITY AS A WHO LE; AND 2
457368
458- CONDEMNATION OF LAND OR PROPERTY UNDER TH E PROVISIONS OF THIS
459-APPENDIX S HALL BE IN ACCORDANC E WITH THE PROCEDURE PROVIDED IN THE
460-REAL PROPERTY ARTICLE OF THE ANNOTATED CODE OF MARYLAND.
369+ (3) THE URBAN RENEWAL PLA N WILL AFFORD MAXIMU M 3
370+OPPORTUNITY , CONSISTENT WITH THE SOUND NEEDS OF THE M UNICIPALITY AS A 4
371+WHOLE, FOR THE REHABILITATI ON OR REDEVELOPMENT OF THE URBAN RENEWAL 5
372+AREA BY PRIVATE ENTERPRISE . 6
461373
462-A1–110. ENCOURAGEMENT OF PRIV ATE ENTERPRISE .
374+ (B) AN URBAN RENEWAL PLAN MAY BE MODIFIED AT A NY TIME. IF 7
375+MODIFIED AFTER THE L EASE OR SALE OF REAL PROPERTY IN THE URBA N RENEWAL 8
376+PROJECT AREA , THE MODIFICATION MAY BE CONDITIONED ON WH ATEVER 9
377+APPROVAL OF THE OWNE R, LESSEE, OR SUCCESSOR IN INTEREST AS THE 10
378+MUNICIPALITY CONSIDE RS ADVISABLE. IN ANY EVENT, IT SHALL BE SUBJECT TO 11
379+WHATEVER RIGHTS AT L AW OR IN EQUITY AS A LESSEE OR PURCHASER , OR THE 12
380+SUCCESSOR OR SUCCESS ORS IN INTEREST , MAY BE ENTITLED TO A SSERT. WHERE 13
381+THE PROPOSED MODIFIC ATION WILL CHANGE SUBSTANTIALLY THE URBAN 14
382+RENEWAL PLAN AS APPR OVED PREVIOUSLY BY T HE MUNICIPALITY , THE 15
383+MODIFICATION SHALL B E APPROVED FORMALLY BY THE MUNICIPALITY , AS IN THE 16
384+CASE OF AN ORIGINAL PLAN. 17
463385
464- THE MUNICIPALITY , TO THE EXTENT IT DET ERMINES TO BE FEASIB LE IN
465-CARRYING OUT THE PRO VISIONS OF THIS APPENDIX , SHALL AFFORD MAXIMUM
466-OPPORTUNITY TO THE R EHABILITATION OR RED EVELOPMENT OF ANY UR BAN
467-RENEWAL AREA BY PRIV ATE ENTERPRISE CONSI STENT WITH THE SOUND NEEDS OF
468-THE MUNICIPALITY AS A WHOLE. THE MUNICIPALITY SHAL L GIVE CONSIDERATION
469-TO THIS OBJECT IVE IN EXERCISING IT S POWERS UNDER THIS APPENDIX.
386+ (C) ON THE APPROVAL BY TH E MUNICIPALITY OF AN URBAN RENEWAL PLAN 18
387+OR OF ANY MODIFICATI ON OF IT, THE PLAN OR MODIFICA TION SHALL BE 19
388+CONSIDERED TO BE IN FULL FORCE AND EFFEC T FOR THE RESPECTIVE URBAN 20
389+RENEWAL AREA . THE MUNICIPALITY MAY HAVE THE PLAN OR MOD IFICATION 21
390+CARRIED OUT IN ACCOR DANCE WITH ITS TERMS . 22
470391
471-A1–111. GENERAL OBLIGATION BO NDS.
392+A1–108. DISPOSAL OF PROPERTY IN URBAN RENEWAL AREA . 23
472393
473- FOR THE PURPOSE OF FI NANCING AND CARRYING OUT AN URBAN RENEWAL
474-PROJECT AND RELATED ACTIVITIES, THE MUNICIPALITY MAY ISSUE AND SELL ITS
475-GENERAL OBLIGATION B ONDS. ANY BONDS ISSUED BY THE MUNICIPALITY
476-PURSUANT TO THIS SEC TION SHALL BE ISSUED IN THE MANNER AND WI THIN THE
477-LIMITATIONS PRESCRIB ED BY APPLICABLE LAW FOR THE ISSUANCE AND
478-AUTHORIZATION OF GEN ERAL OBLIGATION BOND S BY THE MUNICIPALIT Y, AND
479-ALSO WITHIN LIMITATI ONS DETERMINED BY THE MU NICIPALITY.
394+ (A) THE MUNICIPALITY , BY ORDINANCE , MAY SELL, LEASE, OR OTHERWISE 24
395+TRANSFER REAL PROPER TY OR ANY INTEREST I N IT ACQUIRED BY IT FOR AN URBAN 25
396+RENEWAL PROJECT TO A NY PERSON FOR RESIDE NTIAL, RECREATIONAL , 26
397+COMMERCIAL , INDUSTRIAL, EDUCATIONAL , OR OTHER USES OR FOR PUBLIC USE, OR 27
398+IT MAY RETAIN THE PR OPERTY OR INTEREST F OR PUBLIC USE , IN ACCORDANCE 28
399+WITH THE URBAN RENEW AL PLAN AND SUBJECT TO WHATEVER COVENANT S, 29
400+CONDITIONS, AND RESTRICTIONS , INCLUDING COVENANTS RUNNING WITH THE 30
401+LAND, AS IT CONSIDERS NECE SSARY OR DESIRABLE T O ASSIST IN PREVENTI NG THE 31
402+DEVELOPMENT OR SPREA D OF FUTURE SLUMS OR BLIGHTED AREAS OR TO 32
403+OTHERWISE CARRY OUT THE PURPOSES OF THIS APPENDIX. THE PURCHASERS OR 33
404+LESSEES AND THEIR SU CCESSORS AND ASSIGNS SHALL BE OBLI GATED TO DEVOTE 34
405+THE REAL PROPERTY ON LY TO THE USES SPECI FIED IN THE URBAN RE NEWAL PLAN, 35
406+AND MAY BE OBLIGATED TO COMPLY WITH WHATE VER OTHER REQUIREMEN TS THE 36
407+MUNICIPALITY DETERMI NES TO BE IN THE PUB LIC INTEREST, INCLUDING THE 37
408+OBLIGATION TO BEGIN WITHIN A REA SONABLE TIME ANY IMP ROVEMENTS ON THE 38 10 HOUSE BILL 561
480409
481-A1–112. REVENUE BONDS .
482410
483- (A) IN ADDITION TO THE AU THORITY CONFERRED BY SECTION A1–111 OF
484-THIS APPENDIX, THE MUNICIPALITY MAY ISSUE REVENUE BONDS TO FINANCE THE
485-UNDERTAKING OF ANY U RBAN RENEWAL PROJECT AND RELATED ACTIVITI ES. ALSO,
486-IT MAY ISSUE REFUNDI NG BONDS FOR THE PAY MENT OR RETIREMENT O F THE
487-BONDS ISSUED PREVIOU SLY BY IT. THE BONDS SHALL BE MA DE PAYABLE, AS TO
488-BOTH PRINCIPAL AND I NTEREST, SOLELY FROM THE INCO ME, PROCEEDS,
489-REVENUES, AND FUNDS OF THE MUN ICIPALITY DERIVED F ROM OR HELD IN
490-CONNECTION WITH THE UNDERTAKING AND CARR YING OUT OF URBAN RE NEWAL
491-PROJECTS UNDER THIS APPENDIX. HOWEVER, PAYMENT OF THE BONDS , BOTH AS
492-TO PRINCIPAL AND INT EREST, MAY BE FURTHER SECUR ED BY A PLEDGE OF AN Y Ch. 124 2023 LAWS OF MARYLAND
411+REAL PROPERTY REQUIR ED BY THE URBAN RENE WAL PLAN. THE REAL PROPERTY 1
412+OR INTEREST MAY NOT BE SOLD, LEASED, OTHERWISE TRANSFERRE D, OR RETAINED 2
413+AT LESS THAN ITS FAI R VALUE FOR USES IN ACCORDANCE WITH THE URBAN 3
414+RENEWAL PLAN . IN DETERMINING THE FA IR VALUE OF REAL PRO PERTY FOR USES 4
415+IN ACCORDANCE WITH T HE URBAN RENEWAL PLA N, THE MUNICIPALITY SHA LL TAKE 5
416+INTO ACCOUNT AND GIV E CONSIDERATION TO T HE USES PROVIDED IN THE PLAN, 6
417+THE RESTRICTIONS ON , AND THE COVENANTS , CONDITIONS, AND OBLIGATIONS 7
418+ASSUMED BY THE PURCH ASER OR LESSEE OR BY THE MUNICIPALITY RET AINING THE 8
419+PROPERTY, AND THE OBJECTIVES O F THE PLAN FOR THE P REVENTION OF THE 9
420+RECURRENCE OF SLUM O R BLIGHTED AREAS . IN ANY INSTRUMENT OR CONVEYANCE 10
421+TO A PRIVATE PURCHAS ER OR LESSEE, THE MUNICIPALITY MAY PRO VIDE THAT THE 11
422+PURCHASER OR LESSEE MAY NOT SELL, LEASE, OR OTHERWISE TRANSFE R THE REAL 12
423+PROPERTY WITHOUT THE PRIOR WRITTEN CONSEN T OF THE MUNICIPALIT Y UNTIL 13
424+THE PURCHASER OR LES SEE HAS COMPLETED TH E CONSTRUCTION OF AN Y OR ALL 14
425+IMPROVEMENT S WHICH THE PURCHASE R OR LESSEE HAS BEEN OBLIGATED TO 15
426+CONSTRUCT ON THE PRO PERTY. REAL PROPERTY ACQUIRE D BY THE MUNICIPALIT Y 16
427+WHICH, IN ACCORDANCE WITH T HE PROVISIONS OF THE URBAN RENEWAL PLAN , IS 17
428+TO BE TRANSFERRED , SHALL BE TRANSFERRED AS RAPIDLY AS FEASIB LE IN THE 18
429+PUBLIC INTEREST CONS ISTENT WITH THE CARR YING OUT OF THE PROV ISIONS OF 19
430+THE URBAN RENEWAL PL AN. ANY CONTRACT FOR THE TRANSFER AND THE URB AN 20
431+RENEWAL PLAN (OR ANY PART OR PARTS OF THE CONTRACT OR P LAN AS THE 21
432+MUNICIPALITY DETERMI NES) MAY BE RECORDED IN THE LAND RECORDS OF THE 22
433+COUNTY IN WHICH THE MUNICIPALITY IS SITU ATED IN A MANNER SO AS TO AFFORD 23
434+ACTUAL OR CONSTRUCTI VE NOTICE OF IT. 24
493435
494-– 12 –
495-LOAN, GRANT, OR CONTRIBUTION FROM THE FEDERAL GOVERNMENT O R OTHER
496-SOURCE, IN AID OF ANY URBAN RENEWAL PROJECTS OF THE MUNICIPALITY UND ER
497-THIS APPENDIX, AND BY A MORTGAGE OF ANY URBAN RENEWAL PR OJECT, OR ANY
498-PART OF A PROJECT , TITLE TO WHICH IS IN THE MUNICIPALITY . IN ADDITION, THE
499-MUNICIPALIT Y MAY ENTER INTO AN INDENTURE OF TRUST W ITH ANY PRIVATE
500-BANKING INSTITUTION OF THIS STATE HAVING TRUST PO WERS AND MAY MAKE IN
501-THE INDENTURE OF TRU ST COVENANTS AND COM MITMENTS REQUIRED BY ANY
502-PURCHASER FOR THE AD EQUATE SECURITY OF T HE BONDS.
436+ (B) THE MUNICIPALITY , BY ORDINANCE , MAY DISPOSE OF REAL PROPERTY 25
437+IN AN URBAN RENEWAL AREA TO PRIVATE PERS ONS. THE MUNICIPALITY MAY, BY 26
438+PUBLIC NOTICE BY PUB LICATION IN A NEWSPA PER HAVING A GENERAL 27
439+CIRCULATION IN THE C OMMUNITY, INVITE PROPOSALS FRO M AND MAKE AVAILABLE 28
440+ALL PERTINENT INFORM ATION TO PRIVATE RED EVELOPERS OR ANY PER SONS 29
441+INTERESTED IN UNDERT AKING TO REDEVELOP O R REHABILITATE AN URBAN 30
442+RENEWAL AREA , OR ANY PART THEREOF . THE NOTICE SHALL IDEN TIFY THE AREA, 31
443+OR PORTION THEREOF , AND SHALL STATE THAT PROPOSALS SHALL BE M ADE BY 32
444+THOSE INTERESTED WIT HIN A SPECIFIED PERI OD. THE MUNICIPALITY SHAL L 33
445+CONSIDER ALL REDEVEL OPMENT OR REHABILITATION PROPO SALS AND THE 34
446+FINANCIAL AND LEGAL ABILITY OF THE PERSO NS MAKING PROPOSALS TO CARRY 35
447+THEM OUT, AND MAY NEGOTIATE WI TH ANY PERSONS FOR P ROPOSALS FOR THE 36
448+PURCHASE, LEASE, OR OTHER TRANSFER OF ANY REAL PROPERTY AC QUIRED BY 37
449+THE MUNICIPALITY I N THE URBAN RENEWAL AREA. THE MUNICIPALITY MAY ACCEPT 38
450+ANY PROPOSAL AS IT D EEMS TO BE IN THE PU BLIC INTEREST AND IN FURTHERANCE 39
451+OF THE PURPOSES OF T HIS APPENDIX. THEREAFTER , THE MUNICIPALITY MAY 40
452+EXECUTE AND DELIVER CONTRACTS, DEEDS, LEASES, AND OTHER INSTRU MENTS 41
453+AND TAKE ALL STEPS N ECESSARY TO EFFECTUA TE THE TRANSFERS . 42 HOUSE BILL 561 11
503454
504- (B) BONDS ISSUED UNDER THIS SECTI ON DO NOT CONSTITUTE AN
505-INDEBTEDNESS WITHIN THE MEANING OF ANY C ONSTITUTIONAL OR STA TUTORY
506-DEBT LIMITATION OR R ESTRICTION, ARE NOT SUBJECT TO T HE PROVISIONS OF ANY
507-OTHER LAW OR CHARTER RELATING TO THE AUTH ORIZATION, ISSUANCE, OR SALE
508-OF BONDS, AND ARE EXEMPTED SPE CIFICALLY FROM THE R ESTRICTIONS
509-CONTAINED IN §§ 19–205 AND 19–206 OF THE LOCAL GOVERNMENT ARTICLE OF
510-THE ANNOTATED CODE OF MARYLAND. BONDS ISSUED UNDER TH E PROVISIONS OF
511-THIS APPENDIX ARE DE CLARED TO BE ISSUED FOR AN ESSENTIAL P UBLIC AND
512-GOVERNMENTAL PURPOSE AND, TOGETHER WITH INTERE ST ON THEM AND INCOM E
513-FROM THEM, ARE EXEMPT FROM ALL TAXES.
514455
515- (C) BONDS ISSUED UNDER TH IS SECTION SHALL BE AUTHORIZED BY
516-RESOLUTION OR ORDINA NCE OF THE LEGISLATI VE BODY OF THE MUNIC IPALITY.
517-THEY MAY BE ISSUED IN ONE OR M ORE SERIES AND SHALL :
518456
519- (1) BEAR A DATE OR DATES ;
457+ (C) THE MUNICIPALITY MAY OPERATE TEMPORARILY AND MAINTAIN REAL 1
458+PROPERTY ACQUIRED BY IT IN AN URBAN RENEW AL AREA FOR OR IN CO NNECTION 2
459+WITH AN URBAN RENEWA L PROJECT PENDING TH E DISPOSITION OF THE PROPERTY 3
460+AS AUTHORIZED IN THI S APPENDIX, WITHOUT REGARD TO TH E PROVISIONS OF 4
461+SUBSECTION (A) OF THIS SECTION , FOR USES AND PURPOSE S CONSIDERED 5
462+DESIRABLE EVEN THOUG H NOT IN CONFORMITY WITH THE URBAN RENEW AL PLAN. 6
520463
521- (2) MATURE AT A TIME OR T IMES;
464+ (D) ANY INSTRUMENT EXECUT ED BY THE MUNICIPALI TY AND PURPORTING 7
465+TO CONVEY ANY RIGHT , TITLE, OR INTEREST IN ANY PROPERTY UNDER THIS 8
466+APPENDIX SHALL BE PR ESUMED CONCLUSIVELY TO HAVE BEEN EXECUTE D IN 9
467+COMPLIANCE WITH THE PROVISIONS OF THIS A PPENDIX INSOFAR AS T ITLE OR 10
468+OTHER INTEREST OF AN Y BONA FIDE PURCHASE RS, LESSEES, OR TRANSFEREES OF 11
469+THE PROPERTY IS CONC ERNED. 12
522470
523- (3) BEAR INTEREST AT A RA TE OR RATES;
471+A1–109. EMINENT DOMAIN . 13
524472
525- (4) BE IN A DENOMINATION OR DENOMINATIONS ;
473+ CONDEMNATION OF LAND OR PROPERTY UNDER TH E PROVISIONS OF THIS 14
474+APPENDIX SHALL BE IN ACCORDANCE WITH THE PROCEDURE PROVIDED I N THE 15
475+REAL PROPERTY ARTICLE OF THE ANNOTATED CODE OF MARYLAND. 16
526476
527- (5) BE IN A FORM EITHER W ITH OR WITHOUT COUPO N OR
528-REGISTERED;
477+A1–110. ENCOURAGEMENT OF PRIV ATE ENTERPRISE . 17
529478
530- (6) CARRY A CONVERSION OR REGISTRATION PRIVILE GE;
479+ THE MUNICIPALITY , TO THE EXTENT IT DET ERMINES TO BE FEASIB LE IN 18
480+CARRYING OUT THE PRO VISIONS OF THIS APPE NDIX, SHALL AFFORD MAXIMUM 19
481+OPPORTUNITY TO THE R EHABILITATION OR RED EVELOPMENT OF ANY UR BAN 20
482+RENEWAL AREA BY PRIV ATE ENTERPRISE CONSI STENT WITH THE SOUND NEEDS OF 21
483+THE MUNICIPALITY AS A WHOLE. THE MUNICIPALITY SHAL L GIVE CONSIDERATION 22
484+TO THIS OBJECTIVE IN EXERCISING ITS POWER S UNDER THIS APPENDI X. 23
531485
532- (7) HAVE A RANK OR PRIORI TY;
486+A1–111. GENERAL OBLIGATION BO NDS. 24
533487
534- (8) BE EXECUTED IN A MANN ER;
488+ FOR THE PURPOSE OF FI NANCING AND CARRYING OUT AN URBAN RENEWAL 25
489+PROJECT AND RELATED ACTIVITIES , THE MUNICIPALITY MAY ISSUE AND SELL ITS 26
490+GENERAL OBLIGATION B ONDS. ANY BONDS ISSUED BY T HE MUNICIPALITY 27
491+PURSUANT TO THIS SEC TION SHALL BE ISSUED IN THE MANNER AND WI THIN THE 28
492+LIMITATIONS PRESCRIB ED BY APPLICABLE LAW FOR THE ISSUANCE AND 29
493+AUTHORIZATION OF GEN ERAL OBLIGATION BOND S BY THE MUNICIPALIT Y, AND 30
494+ALSO WITHIN LIMITATI ONS DETERMINED BY TH E MUNICIPALITY. 31
535495
536- (9) BE PAYABLE IN A MEDIU M OF PAYMENT , AT A PLACE OR PLACES , WES MOORE, Governor Ch. 124
496+A1–112. REVENUE BONDS . 32
537497
538-– 13 –
539-AND BE SUBJECT TO TE RMS OF REDEMPTION (WITH OR WITHOUT PREM IUM);
498+ (A) IN ADDITION TO THE AU THORITY CONFERRED BY SECTION A1–111 OF 33 12 HOUSE BILL 561
540499
541- (10) BE SECURED IN A MANNE R; AND
542500
543- (11) HAVE OTHER CHARACTERI STICS, AS ARE PROVIDED BY T HE
544-RESOLUTION, TRUST INDENTURE , OR MORTGAGE ISSUED P URSUANT TO IT.
501+THIS APPENDIX, THE MUNICIPALITY MAY ISSUE REVENUE BONDS TO FINA NCE THE 1
502+UNDERTAKING OF ANY U RBAN RENEWAL PROJECT AND RELATED ACTIVITI ES. ALSO, 2
503+IT MAY ISSUE REFUNDI NG BONDS FOR THE PAY MENT OR RETIREMENT O F THE 3
504+BONDS ISSUED PREVIOU SLY BY IT. THE BONDS SHALL BE MA DE PAYABLE, AS TO 4
505+BOTH PRINCIPAL AND I NTEREST, SOLELY FROM THE INCO ME, PROCEEDS, 5
506+REVENUES, AND FUNDS OF THE MUN ICIPALITY DERIVED FR OM OR HELD IN 6
507+CONNECTION WITH THE UNDERTAKING AND CARR YING OUT OF URBAN RE NEWAL 7
508+PROJECTS UNDER THIS APPENDIX. HOWEVER, PAYMENT OF THE BONDS , BOTH AS 8
509+TO PRINCIPAL AN D INTEREST, MAY BE FURTHER SECUR ED BY A PLEDGE OF AN Y 9
510+LOAN, GRANT, OR CONTRIBUTION FROM THE FEDERAL GOVERNME NT OR OTHER 10
511+SOURCE, IN AID OF ANY URBAN RENEWAL PROJECTS OF THE MUNICIPALITY UND ER 11
512+THIS APPENDIX, AND BY A MORTGAGE OF ANY URBAN RENEWAL PR OJECT, OR ANY 12
513+PART OF A PROJECT , TITLE TO WHICH IS IN THE MUNICIPALITY . IN ADDITION, THE 13
514+MUNICIPALITY MAY ENT ER INTO AN INDENTURE OF TRUST WITH ANY PR IVATE 14
515+BANKING INSTITUTION OF THIS STATE HAVING TRUST PO WERS AND MAY MAKE IN 15
516+THE INDENTURE OF TRU ST COVENANTS AND CO MMITMENTS REQUIRED B Y ANY 16
517+PURCHASER FOR THE AD EQUATE SECURITY OF T HE BONDS. 17
545518
546- (D) THESE BONDS MAY NOT B E SOLD AT LESS THAN PAR VALUE AT PUBLIC
547-SALES WHICH ARE HELD AFTER NOTICE IS PUBLISHED PRIOR TO T HE SALE IN A
548-NEWSPAPER HAVING A G ENERAL CIRCULATION I N THE AREA IN WHICH THE
549-MUNICIPALITY IS LOCA TED AND IN WHATEVER OTHER MEDIUM OF PUBL ICATION AS
550-THE MUNICIPALITY MAY DETERMINE. THE BONDS MAY BE EXCH ANGED ALSO FOR
551-OTHER BONDS ON THE B ASIS OF PAR. HOWEVER, THE BONDS MAY NOT BE SOLD TO
552-THE FEDERAL GOVERNME NT AT PRIVATE SALE A T LESS THAN PAR , AND, IN THE
553-EVENT LESS THAN ALL OF THE AUTHORIZED PR INCIPAL AMOUNT OF TH E BONDS IS
554-SOLD TO THE FEDERAL GOVERNMENT , THE BALANCE MAY NOT BE SOLD AT PRIVATE
555-SALE AT LESS THAN PA R AT AN INTEREST COS T TO THE MUNICIPALIT Y WHICH DOES
556-NOT EXCEED THE INTER EST COST TO THE MUNI CIPALITY OF THE PORT ION OF THE
557-BONDS SOLD TO THE FE DERAL GOVERNMENT .
519+ (B) BONDS ISSUED UNDER TH IS SECTION DO NOT CO NSTITUTE AN 18
520+INDEBTEDNESS WITHIN THE MEANING OF ANY C ONSTITUTIONAL OR STA TUTORY 19
521+DEBT LIMITATION OR R ESTRICTION, ARE NOT SUBJECT TO T HE PROVISIONS OF ANY 20
522+OTHER LAW OR CHARTER RELATING TO THE AUTH ORIZATION, ISSUANCE, OR SALE 21
523+OF BONDS , AND ARE EXEMPTED SPE CIFICALLY FROM THE R ESTRICTIONS 22
524+CONTAINED IN §§ 19–205 AND 19–206 OF THE LOCAL GOVERNMENT ARTICLE OF 23
525+THE ANNOTATED CODE OF MARYLAND. BONDS ISSUED UNDER THE P ROVISIONS OF 24
526+THIS APPENDIX ARE DE CLARED TO BE ISSUED FOR AN ESSENTIAL PUB LIC AND 25
527+GOVERNMENTAL PURPOSE AND, TOGETHER WITH INTERE ST ON THEM AND INCOM E 26
528+FROM THEM, ARE EXEMPT FROM ALL TAXES. 27
558529
559- (E) IN CASE ANY OF THE PU BLIC OFFICIALS OF TH E MUNICIPALITY WHOSE
560-SIGNATURES APPEAR ON ANY BONDS OR COUPONS ISSUED UNDER THIS AP PENDIX
561-CEASE TO BE OFFICIAL S OF THE MUNICIPALIT Y BEFORE THE DELIVER Y OF THE
562-BONDS OR IN THE EVEN T ANY OF THE OFFICIA LS HAVE BECOME SUCH AFTER THE
563-DATE OF ISSUE OF THE M, THE BONDS ARE VALID AND BINDING OBLIGATIONS O F THE
564-MUNICIPALITY IN ACCO RDANCE WITH THEIR TE RMS. ANY PROVISION OF ANY LAW
565-TO THE CONTRARY NOTW ITHSTANDING, ANY BONDS ISSUED PUR SUANT TO THIS
566-APPENDIX ARE FULLY N EGOTIABLE.
530+ (C) BONDS ISSUED UNDER TH IS SECTION SHALL BE AUTHORIZED BY 28
531+RESOLUTION OR ORDINA NCE OF THE LEGISLATI VE BODY OF THE MUNIC IPALITY. 29
532+THEY MAY BE ISSUED IN ONE OR MORE SERIES A ND SHALL: 30
567533
568- (F) IN ANY SUIT, ACTION, OR PROCEEDING INVOLV ING THE VALIDIT Y OR
569-ENFORCEABILITY OF AN Y BOND ISSUED UNDER THIS APPENDIX, OR THE SECURITY
570-FOR IT, ANY BOND WHICH RECIT ES IN SUBSTANCE THAT IT HAS BEEN ISSUED B Y THE
571-MUNICIPALITY IN CONN ECTION WITH AN URBAN RENEWAL PROJECT SHAL L BE
572-CONSIDERED CONCLUSIV ELY TO HAVE BEEN IS SUED FOR THAT PURPOS E, AND THE
573-PROJECT SHALL BE CON SIDERED CONCLUSIVELY TO HAVE BEEN PLANNED ,
574-LOCATED, AND CARRIED OUT IN A CCORDANCE WITH THE P ROVISIONS OF THIS
575-APPENDIX.
534+ (1) BEAR A DATE OR DATES ; 31
576535
577- (G) ALL BANKS, TRUST COMPANIES , BANKERS, SAVINGS BANKS , AND
578-INSTITUTIONS, BUILDING AND LOAN ASSOCIATION S, SAVINGS AND LOAN
579-ASSOCIATIONS, INVESTMENT COMPANIES , AND OTHER PERSONS CA RRYING ON A
580-BANKING OR INVESTMEN T BUSINESS; ALL INSURANCE COMPAN IES, INSURANCE
581-ASSOCIATIONS, AND OTHER PERSONS CA RRYING ON AN INSURAN CE BUSINESS; AND Ch. 124 2023 LAWS OF MARYLAND
536+ (2) MATURE AT A TIME OR T IMES; 32
582537
583-– 14 –
584-ALL EXECUT ORS, ADMINISTRATORS , CURATORS, TRUSTEES, AND OTHER
585-FIDUCIARIES, MAY LEGALLY INVEST A NY SINKING FUNDS , MONEYS, OR OTHER
586-FUNDS BELONGING TO T HEM OR WITHIN THEIR CONTROL IN ANY BONDS OR OTHER
587-OBLIGATIONS ISSUED B Y THE MUNICIPALITY P URSUANT TO THIS APPE NDIX.
588-HOWEVER, THE BONDS AND OTHER OBLIGATIONS SHALL BE SECURED BY AN
589-AGREEMENT BETWEEN TH E ISSUER AND THE FED ERAL GOVERNMENT IN W HICH THE
590-ISSUER AGREES TO BOR ROW FROM THE FEDERAL GOVERNMENT AND THE F EDERAL
591-GOVERNMENT AGREES TO LEND TO THE ISSUER , PRIOR TO THE MA TURITY OF THE
592-BONDS OR OTHER OBLIG ATIONS, MONEYS IN AN AMOUNT WHICH (TOGETHER WITH
593-ANY OTHER MONEYS COM MITTED IRREVOCABLY T O THE PAYMENT OF PRI NCIPAL
594-AND INTEREST ON THE BONDS OR OTHER OBLIG ATIONS) WILL SUFFICE TO PAY THE
595-PRINCIPAL OF THE BON DS OR OTHER OB LIGATIONS WITH INTER EST TO MATURITY
596-ON THEM. THE MONEYS UNDER THE TERMS OF THE AGREEME NT SHALL BE
597-REQUIRED TO BE USED FOR THE PURPOSE OF P AYING THE PRINCIPAL OF AND THE
598-INTEREST ON THE BOND S OR OTHER OBLIGATIO NS AT THEIR MATURITY . THE BONDS
599-AND OTHER OBLIG ATIONS SHALL BE AUTH ORIZED SECURITY FOR ALL PUBLIC
600-DEPOSITS. THIS SECTION AUTHORIZ ES ANY PERSONS OR PU BLIC OR PRIVATE
601-POLITICAL SUBDIVISIO NS AND OFFICERS TO U SE ANY FUNDS OWNED O R
602-CONTROLLED BY THEM F OR THE PURCHASE OF A NY BONDS OR OTHER
603-OBLIGATIONS. WITH REGARD TO LEGAL INVE STMENTS, THIS SECTION MAY NOT BE
604-CONSTRUED TO RELIEVE ANY PERSON OF ANY DU TY OF EXERCISING REA SONABLE
605-CARE IN SELECTING SE CURITIES.
538+ (3) BEAR INTEREST AT A RA TE OR RATES; 33
606539
607-A1–113. SHORT TITLE.
540+ (4) BE IN A DENOMINATION OR DENOMI NATIONS; 34
608541
609- THIS APPENDIX SHALL B E KNOWN AND MAY BE C ITED AS THE MOUNT AIRY
610-URBAN RENEWAL AUTHORITY FOR SLUM CLEARANCE ACT.
542+ (5) BE IN A FORM EITHER W ITH OR WITHOUT COUPO N OR 35
543+REGISTERED; 36 HOUSE BILL 561 13
611544
612-A1–114. AUTHORITY TO AMEND OR REPEAL.
613545
614- THIS APPENDIX, ENACTED PURSUANT TO ARTICLE III, SECTION 61 OF THE
615-MARYLAND CONSTITUTION, MAY BE AMENDED OR RE PEALED ONLY BY THE
616-GENERAL ASSEMBLY OF MARYLAND.
617546
618- SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
619-October 1, 2023.
547+ (6) CARRY A CONVERSION OR REGISTRATION PRIVILE GE; 1
620548
621-Approved by the Governor, April 24, 2023.
549+ (7) HAVE A RANK OR PRIORI TY; 2
550+
551+ (8) BE EXECUTED IN A MANN ER; 3
552+
553+ (9) BE PAYABLE IN A MEDIU M OF PAYMENT , AT A PLACE OR PLACES , 4
554+AND BE SUBJECT TO TE RMS OF REDEMPTION (WITH OR WITHOUT PREM IUM); 5
555+
556+ (10) BE SECURED IN A MANNE R; AND 6
557+
558+ (11) HAVE OTHER CHARACTERI STICS, AS ARE PROVIDED BY T HE 7
559+RESOLUTION, TRUST INDENTURE , OR MORTGAGE ISSUED P URSUANT TO IT. 8
560+
561+ (D) THESE BONDS MAY NOT BE SOL D AT LESS THAN PAR V ALUE AT PUBLIC 9
562+SALES WHICH ARE HELD AFTER NOTICE IS PUBL ISHED PRIOR TO THE S ALE IN A 10
563+NEWSPAPER HAVING A G ENERAL CIRCULATION I N THE AREA IN WHICH THE 11
564+MUNICIPALITY IS LOCA TED AND IN WHATEVER OTHER MEDIUM OF PUBL ICATION AS 12
565+THE MUNICIPALITY MAY DETERMINE. THE BONDS MAY BE EXCH ANGED ALSO FOR 13
566+OTHER BONDS ON THE B ASIS OF PAR. HOWEVER, THE BONDS MAY NOT BE SOLD TO 14
567+THE FEDERAL GOVERNME NT AT PRIVATE SALE A T LESS THAN PAR , AND, IN THE 15
568+EVENT LESS THAN ALL OF THE AUTHORIZED PR INCIPAL AMOUNT OF THE BO NDS IS 16
569+SOLD TO THE FEDERAL GOVERNMENT , THE BALANCE MAY NOT BE SOLD AT PRIVATE 17
570+SALE AT LESS THAN PA R AT AN INTEREST COS T TO THE MUNICIPALIT Y WHICH DOES 18
571+NOT EXCEED THE INTER EST COST TO THE MUNI CIPALITY OF THE PORT ION OF THE 19
572+BONDS SOLD TO THE FEDERAL GOVERNME NT. 20
573+
574+ (E) IN CASE ANY OF THE PU BLIC OFFICIALS OF TH E MUNICIPALITY WHOSE 21
575+SIGNATURES APPEAR ON ANY BONDS OR COUPONS ISSUED UNDER THIS AP PENDIX 22
576+CEASE TO BE OFFICIAL S OF THE MUNICIPALIT Y BEFORE THE DELIVER Y OF THE 23
577+BONDS OR IN THE EVEN T ANY OF THE OFFICIALS HAV E BECOME SUCH AFTER THE 24
578+DATE OF ISSUE OF THE M, THE BONDS ARE VALID AND BINDING OBLIGATI ONS OF THE 25
579+MUNICIPALITY IN ACCO RDANCE WITH THEIR TE RMS. ANY PROVISION OF ANY LAW 26
580+TO THE CONTRARY NOTW ITHSTANDING, ANY BONDS ISSUED PUR SUANT TO THIS 27
581+APPENDIX ARE FULLY NE GOTIABLE. 28
582+
583+ (F) IN ANY SUIT, ACTION, OR PROCEEDING INVOLV ING THE VALIDITY OR 29
584+ENFORCEABILITY OF AN Y BOND ISSUED UNDER THIS APPENDIX, OR THE SECURITY 30
585+FOR IT, ANY BOND WHICH RECIT ES IN SUBSTANCE THAT IT HAS BEEN ISSUED B Y THE 31
586+MUNICIPALITY IN CONNECTION WITH A N URBAN RENEWAL PROJ ECT SHALL BE 32
587+CONSIDERED CONCLUSIV ELY TO HAVE BEEN ISS UED FOR THAT PURPOSE , AND THE 33
588+PROJECT SHALL BE CON SIDERED CONCLUSIVELY TO HAVE BEEN PLANNED , 34 14 HOUSE BILL 561
589+
590+
591+LOCATED, AND CARRIED OUT IN A CCORDANCE WITH THE P ROVISIONS OF THIS 1
592+APPENDIX. 2
593+
594+ (G) ALL BANKS, TRUST COMPANIES , BANKERS, SAVINGS BANKS , AND 3
595+INSTITUTIONS, BUILDING AND LOAN AS SOCIATIONS, SAVINGS AND LOAN 4
596+ASSOCIATIONS, INVESTMENT COMPANIES , AND OTHER PERSONS CA RRYING ON A 5
597+BANKING OR INVESTMEN T BUSINESS; ALL INSURANCE COMPAN IES, INSURANCE 6
598+ASSOCIATIONS, AND OTHER PERSONS CA RRYING ON AN INSURAN CE BUSINESS; AND 7
599+ALL EXECUTORS , ADMINISTRATORS , CURATORS, TRUSTEES, AND OTHER 8
600+FIDUCIARIES, MAY LEGALLY INVEST A NY SINKING FUNDS , MONEYS, OR OTHER 9
601+FUNDS BELONGING TO T HEM OR WITHIN THEIR CONTROL IN ANY BONDS OR O THER 10
602+OBLIGATIONS ISSUED B Y THE MUNICIPALITY P URSUANT TO THIS APPE NDIX. 11
603+HOWEVER, THE BONDS AND OTHER OBLIGATIONS SHALL BE SECURED BY AN 12
604+AGREEMENT BETWEEN TH E ISSUER AND THE FED ERAL GOVERNMENT IN W HICH THE 13
605+ISSUER AGREES TO BOR ROW FROM THE FEDERAL GOVERNMENT A ND THE FEDERAL 14
606+GOVERNMENT AGREES TO LEND TO THE ISSUER , PRIOR TO THE MATURIT Y OF THE 15
607+BONDS OR OTHER OBLIG ATIONS, MONEYS IN AN AMOUNT WHICH (TOGETHER WITH 16
608+ANY OTHER MONEYS COM MITTED IRREVOCABLY T O THE PAYMENT OF PRI NCIPAL 17
609+AND INTEREST O N THE BONDS OR OTHER OBLIGATIONS) WILL SUFFICE TO PAY THE 18
610+PRINCIPAL OF THE BON DS OR OTHER OBLIGATI ONS WITH INTEREST TO MATURITY 19
611+ON THEM. THE MONEYS UNDER THE TERMS OF THE AGREEME NT SHALL BE 20
612+REQUIRED TO BE USED FOR THE PURPOSE OF P AYING THE PRINCIPAL OF AND THE 21
613+INTEREST ON THE BOND S OR OTHER OBLIGATIO NS AT THEIR MATURITY . THE BONDS 22
614+AND OTHER OBLIGATION S SHALL BE AUTHORIZE D SECURITY FOR ALL P UBLIC 23
615+DEPOSITS. THIS SECTION AUTHORIZ ES ANY PERSONS OR PU BLIC OR PRIVATE 24
616+POLITICAL SUBDIVISIO NS AND OFFICERS TO U SE ANY FUNDS OWNED OR 25
617+CONTROLLED BY THEM F OR THE PURCHASE OF A NY BONDS OR OTHER 26
618+OBLIGATIONS. WITH REGARD TO LEGAL INVESTMENTS , THIS SECTION MAY NOT BE 27
619+CONSTRUED TO RELIEVE ANY PERSON OF ANY DU TY OF EXERCISING REA SONABLE 28
620+CARE IN SELECTING SE CURITIES. 29
621+
622+A1–113. SHORT TITLE. 30
623+
624+ THIS APPENDIX SHALL B E KNOWN AND MAY BE C ITED AS THE MOUNT AIRY 31
625+URBAN RENEWAL AUTHORITY FOR SLUM CLEARANCE ACT. 32
626+
627+A1–114. AUTHORITY TO AMEND OR REPEAL. 33
628+
629+ THIS APPENDIX, ENACTED PURSUANT TO ARTICLE III, SECTION 61 OF THE 34
630+MARYLAND CONSTITUTION, MAY BE AMENDED OR REPE ALED ONLY BY THE 35
631+GENERAL ASSEMBLY OF MARYLAND. 36
632+
633+ SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect 37
634+October 1, 2023. 38 HOUSE BILL 561 15
635+
636+
637+
638+
639+
640+
641+
642+Approved:
643+________________________________________________________________________________
644+ Governor.
645+________________________________________________________________________________
646+ Speaker of the House of Delegates.
647+________________________________________________________________________________
648+ President of the Senate.