MD
Maryland House Bill HB825

Maryland 2023 Regular Session

Maryland House Bill HB825 Compare Versions

OldNewDifferences
1- WES MOORE, Governor Ch. 209
21
3-– 1 –
4-Chapter 209
5-(House Bill 825)
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+ Italics indicate opposite chamber/conference committee amendments.
9+ *hb0825*
810
9-Town of Forest Heights (Prince George’s County) – Urban Renewal Authority
10-for Blight Clearance
11+HOUSE BILL 825
12+L3 (3lr2869)
13+ENROLLED BILL
14+— Environment and Transportation/Finance —
15+Introduced by Prince George’s County Delegation
1116
12-PG 410–23
17+Read and Examined by Proofreaders:
1318
14-FOR the purpose of granting the Town of Forest Heights in Prince George’s County the
15-authority to exercise urban renewal powers in areas zoned for commercial or
16-residential use for blight clearance and redevelopment under Article III, Section 61
17-of the Maryland Constitution; authorizing the municipality to levy certain taxes and
18-issue general obligation bonds and revenue bonds to carry out urban renewal powers;
19-and generally relating to urban renewal authority for blight clearance for the Town
20-of Forest Heights in Prince George’s County.
19+_______________________________________________
20+Proofreader.
21+_______________________________________________
22+Proofreader.
2123
22-BY adding to
23- Chapter 33 – Charter of the Town of Forest Heights
24-Section A1–101 through A1–114 to be under the new heading “Appendix I – Urban
25-Renewal Authority for Blight Clearance”
26- Public Local Laws of Maryland – Compilation of Municipal Charters
27- (2015 Replacement Edition and 2021 Supplement)
24+Sealed with the Great Seal and presented to the Governor, for his approval this
2825
29- SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND,
30-That the Laws of Maryland read as follows:
26+_______ day of _______________ at __ ______________________ o’clock, ________M.
3127
32-Chapter 33 – Charter of the Town of Forest Heights
28+______________________________________________
29+Speaker.
3330
34-APPENDIX I – URBAN RENEWAL AUTHORITY FOR BLIGHT CLEARANCE
31+CHAPTER ______
3532
36-A1–101. DEFINITIONS.
33+AN ACT concerning 1
3734
38- (A) IN THIS APPENDIX THE FOLLOWING WORDS HAVE THE MEANINGS
39-INDICATED.
35+Town of Forest Heights (Prince George’s County) – Urban Renewal Authority 2
36+for Blight Clearance 3
4037
41- (B) “BLIGHTED AREA ” MEANS AN AREA OR SIN GLE PROPERTY IN WHIC H
42-THE BUILDING OR BUIL DINGS HAVE DECLINED IN PRODUCTIVI TY BY REASON OF
43-OBSOLESCENCE , DEPRECIATION , OR OTHER CAUSES TO A N EXTENT THAT THEY N O
44-LONGER JUSTIFY FUNDA MENTAL REPAIRS AND A DEQUATE MAINTENANCE .
38+PG 410–23 4
4539
46- (C) “BONDS” MEANS ANY BONDS (INCLUDING REFUNDING BONDS), NOTES,
47-INTERIM CERTIFICATES , CERTIFICATES OF INDE BTEDNESS, DEBENTURES , OR
48-OTHER OBLIGATIONS . Ch. 209 2023 LAWS OF MARYLAND
40+FOR the purpose of granting the Town of Forest Heights in Prince George’s County the 5
41+authority to exercise urban renewal powers in areas zoned for commercial or 6
42+residential use for blight clearance and redevelopment under Article III, Section 61 7
43+of the Maryland Constitution; authorizing the municipality to levy certain taxes and 8
44+issue general obligation bonds and revenue bonds to carry out urban renewal powers; 9
45+and generally relating to urban renewal authority for blight clearance for the Town 10
46+of Forest Heights in Prince George’s County. 11
4947
50-– 2 –
48+BY adding to 12
49+ Chapter 33 – Charter of the Town of Forest Heights 13 2 HOUSE BILL 825
5150
52- (D) “FEDERAL GOVERNMENT ” MEANS THE UNITED STATES OF AMERICA OR
53-ANY AGENCY OR INSTRU MENTALITY, CORPORATE OR OTHERWI SE, OF THE UNITED
54-STATES OF AMERICA.
5551
56- (E) “MUNICIPALITY” MEANS THE TOWN OF FOREST HEIGHTS, MARYLAND.
52+Section A1–101 through A1–114 to be under the new heading “Appendix I – Urban 1
53+Renewal Authority for Blight Clearance” 2
54+ Public Local Laws of Maryland – Compilation of Municipal Charters 3
55+ (2015 Replacement Edition and 2021 Supplement) 4
5756
58- (F) “PERSON” MEANS ANY INDIVIDUAL , FIRM, PARTNERSHIP ,
59-CORPORATION , COMPANY, ASSOCIATION, JOINT STOCK ASSOCIAT ION, OR BODY
60-POLITIC. IT INCLUDES ANY TRUST EE, RECEIVER, ASSIGNEE, OR OTHER PERSON
61-ACTING IN SIMILAR RE PRESENTATIVE CAPACIT Y.
57+ SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, 5
58+That the Laws of Maryland read as follows: 6
6259
63- (G) “URBAN RENEWAL AREA ” MEANS A BLIGHTED ARE A WHICH THE
64-MUNICIPALITY DESIGNA TES AS APPROPRIATE F OR AN URBAN RENEWAL PROJECT.
60+Chapter 33 – Charter of the Town of Forest Heights 7
6561
66- (H) “URBAN RENEWAL PLAN ” MEANS A PLAN , AS IT EXISTS FROM TI ME TO
67-TIME, FOR AN URBAN RENEWAL PROJECT. THE PLAN SHALL BE SUF FICIENTLY
68-COMPLET E TO INDICATE ANY LA ND ACQUISITION , DEMOLITION, AND REMOVAL OF
69-STRUCTURES , REDEVELOPMENT , IMPROVEMENTS , AND REHABILITATION A S MAY BE
70-PROPOSED TO BE CARRI ED OUT IN THE URBAN RENEWAL AREA , ZONING AND
71-PLANNING CHANGES , IF ANY, LAND USES, MAXIMUM DENSITY , AND BUILDING
72-REQUIREMENTS .
62+APPENDIX I – URBAN RENEWAL AUTHORITY FOR BLIGHT CLEARANCE 8
7363
74- (I) “URBAN RENEWAL PROJECT ” MEANS UNDERTAKINGS A ND ACTIVITIES
75-OF A MUNICIPALITY IN AN URBAN RENEWAL ARE A FOR THE ELIMINATIO N AND FOR
76-THE PREVENTION OF TH E DEVELOPMENT OR SPR EAD OF BLIGHT, AND MAY INVOLVE
77-CLEARANCE AND REDEVE LOPMENT IN AN URBAN RENEWAL AREA, OR
78-REHABILITATION OR CO NSERVATION IN AN URB AN RENEWAL AREA , OR ANY
79-COMBINATION OR PART OF THEM IN ACCORDANC E WITH AN URBAN RENE WAL PLAN.
80-THESE UNDERTAKINGS AN D ACTIVITIES MAY INC LUDE:
64+A1–101. DEFINITIONS. 9
8165
82- (1) ACQUISITION OF A BLIG HTED AREA OR PORT ION OF THE
83-BLIGHTED AREA ;
66+ (A) IN THIS APPENDIX THE FOLLOWING WORDS HAVE THE MEANINGS 10
67+INDICATED. 11
8468
85- (2) DEMOLITION AND REMOVA L OF BUILDINGS AND I MPROVEMENTS ;
69+ (B) “BLIGHTED AREA ” MEANS AN AREA OR SINGLE PROPERTY IN W HICH 12
70+THE BUILDING OR BUIL DINGS HAVE DECLINED IN PRODUCTIVITY BY R EASON OF 13
71+OBSOLESCENCE , DEPRECIATION , OR OTHER CAUSES TO A N EXTENT THAT THEY N O 14
72+LONGER JUSTIFY FUNDA MENTAL REPAIRS AND A DEQUATE MAINTENANCE . 15
8673
87- (3) INSTALLATION , CONSTRUCTION OR RECO NSTRUCTION OF
88-STREETS, UTILITIES, PARKS, PLAYGROUNDS , AND OTHER IMPROVEMEN TS
89-NECESSARY FOR CARRYI NG OUT THE URBAN REN EWAL OBJECT IVES OF THIS
90-APPENDIX IN ACCORDAN CE WITH THE URBAN RE NEWAL PLAN;
74+ (C) “BONDS” MEANS ANY BONDS (INCLUDING REFUNDING BONDS), NOTES, 16
75+INTERIM CERTIFICATES , CERTIFICATES OF INDE BTEDNESS, DEBENTURES , OR 17
76+OTHER OBLIGATIONS . 18
9177
92- (4) DISPOSITION OF ANY PR OPERTY ACQUIRED IN T HE URBAN
93-RENEWAL AREA , INCLUDING SALE , INITIAL LEASING , OR RETENTION BY THE WES MOORE, Governor Ch. 209
78+ (D) “FEDERAL GOVERNMENT ” MEANS THE UNITED STATES OF AMERICA OR 19
79+ANY AGENCY OR INSTRU MENTALITY, CORPORATE OR OTHERWI SE, OF THE UNITED 20
80+STATES OF AMERICA. 21
9481
95-– 3 –
96-MUNICIPALITY ITSELF , AT ITS FAIR VALUE FO R USES IN ACCORDANCE WITH THE
97-URBAN RENEWAL PLAN ;
82+ (E) “MUNICIPALITY” MEANS THE TOWN OF FOREST HEIGHTS, MARYLAND. 22
9883
99- (5) CARRYING OUT PLANS FO R A PROGRAM OF VOLUN TARY OR
100-COMPULSORY REPAIR AN D REHABILITATION OF BUILDINGS OR OTHER
101-IMPROVEMENTS IN ACCO RDANCE WITH THE URBA N RENEWAL PLAN ;
84+ (F) “PERSON” MEANS ANY INDIVIDUAL , FIRM, PARTNERSHIP , 23
85+CORPORATION , COMPANY, ASSOCIATION, JOINT STOCK ASSOCIAT ION, OR BODY 24
86+POLITIC. IT INCLUDES ANY TRUST EE, RECEIVER, ASSIGNEE, OR OTHER PERSON 25
87+ACTING IN SIMILAR RE PRESENTATIVE CAPACIT Y. 26
10288
103- (6) ACQUISITION OF ANY OT HER REAL PROPERTY IN THE URBAN
104-RENEWAL AREA WHERE NEC ESSARY TO ELIMINATE UNHEALTHFUL , UNSANITARY,
105-OR UNSAFE CONDITIONS , LESSEN DENSITY , ELIMINATE OBSOLETE O R OTHER USES
106-DETRIMENTAL TO THE P UBLIC WELFARE , OR OTHERWISE TO REMO VE OR PREVENT
107-THE SPREAD OF BLIGHT OR DETERIORATION , OR TO PROVID E LAND FOR NEEDED
108-PUBLIC FACILITIES ; AND
89+ (G) “URBAN RENEWAL AREA ” MEANS A BLIGHTED ARE A WHICH THE 27
90+MUNICIPALITY DESIGNA TES AS APPROPRIATE F OR AN URBAN RENEWAL PROJECT. 28
10991
110- (7) THE PRESERVATION , IMPROVEMENT , OR EMBELLISHMENT OF
111-HISTORIC STRUCTURES OR MONUMENTS .
92+ (H) “URBAN RENEWAL PLAN ” MEANS A PLAN , AS IT EXISTS FROM TIME TO 29
93+TIME, FOR AN URBAN RENEWAL PROJECT. THE PLAN SHALL BE SUF FICIENTLY 30
94+COMPLETE TO INDICATE ANY LAND ACQUISITION , DEMOLITION, AND REMOVAL OF 31
95+STRUCTURES , REDEVELOPMENT , IMPROVEMENTS , AND REHABILITATION A S MAY BE 32
96+PROPOSED TO BE CARRI ED OUT IN THE URBAN RENEWAL AREA , ZONING AND 33 HOUSE BILL 825 3
11297
113-A1–102. POWERS.
11498
115- (A) THE MUNICIPALITY MAY UNDERTAKE AND CARRY OUT URBAN RENEWAL
116-PROJECTS IN AREAS OF THE MUNICIPALITY THA T ARE ZONED FOR COMM ERCIAL OR
117-RESIDENTIAL USE.
99+PLANNING CHANGES , IF ANY, LAND USES, MAXIMUM DENSITY , AND BUILDING 1
100+REQUIREMENTS . 2
118101
119- (B) THESE PROJECTS SHALL BE LIMITED:
102+ (I) “URBAN RENEWAL PROJECT ” MEANS UNDERTAKINGS A ND ACTIVITIES 3
103+OF A MUNICIPALITY IN AN URBAN RENEWAL ARE A FOR THE ELIMINATIO N AND FOR 4
104+THE PREVENTION O F THE DEVELOPMENT OR SPREAD OF BLIGHT , AND MAY INVOLVE 5
105+CLEARANCE AND REDEVE LOPMENT IN AN URBAN RENEWAL AREA , OR 6
106+REHABILITATION OR CO NSERVATION IN AN URB AN RENEWAL AREA , OR ANY 7
107+COMBINATION OR PART OF THEM IN ACCORDANC E WITH AN URBAN RENE WAL PLAN. 8
108+THESE UNDE RTAKINGS AND ACTIVIT IES MAY INCLUDE : 9
120109
121- (1) TO BLIGHT CLEARANCE I N BLIGHTED AREAS AND
122-REDEVELOPMENT OR THE REHABILITATION OF BL IGHTED AREAS ;
110+ (1) ACQUISITION OF A BLIG HTED AREA OR PORTION OF THE 10
111+BLIGHTED AREA ; 11
123112
124- (2) TO ACQUIRE IN CONNECT ION WITH THOSE PROJE CTS, WITHIN
125-THE CORPORATE LIMITS OF THE MUNICIPALITY , LAND AND PROPERTY OF EVERY
126-KIND AND ANY RIGHT , INTEREST, FRANCHISE, EASEMENT, OR PRIVILEGE ,
127-INCLUDING LAND OR PR OPERTY AND ANY RIGHT OR INTEREST ALREADY DEVOTED
128-TO PUBLIC USE, BY PURCHASE, LEASE, GIFT, CONDEMNATION , OR ANY OTHER LEGAL
129-MEANS; AND
113+ (2) DEMOLITION AND REMOVA L OF BUILDINGS AND I MPROVEMENTS ; 12
130114
131- (3) TO SELL, LEASE, CONVEY, TRANSFER, OR OTHERWISE DISPOSE OF
132-ANY OF THE LAND OR P ROPERTY, REGARDLESS OF WHETHE R OR NOT IT HAS BEEN
133-DEVELOPED , REDEVELOPED , ALTERED, OR IMPROVED AND IRRE SPECTIVE OF THE
134-MANNER OR MEANS IN O R BY WHICH IT MAY HAVE BE EN ACQUIRED, TO ANY PRIVATE,
135-PUBLIC, OR QUASI–PUBLIC CORPORATION , PARTNERSHIP , ASSOCIATION, PERSON,
136-OR OTHER LEGAL ENTIT Y.
115+ (3) INSTALLATION , CONSTRUCTION OR RECO NSTRUCTION OF 13
116+STREETS, UTILITIES, PARKS, PLAYGROUNDS , AND OTHER IMPROVEMEN TS 14
117+NECESSARY FOR CARRYI NG OUT THE URBAN REN EWAL OBJECTIVES OF T HIS 15
118+APPENDIX IN ACCORDAN CE WITH THE URBAN RE NEWAL PLAN; 16
137119
138- (C) LAND OR PROPERTY TAKE N BY THE MUNICIPALIT Y FOR ANY OF THESE
139-PURPOSES OR IN CONNE CTION WITH THE EXERC ISE OF ANY OF THE POWERS WH ICH Ch. 209 2023 LAWS OF MARYLAND
120+ (4) DISPOSITION OF ANY PR OPERTY ACQUIRED IN T HE URBAN 17
121+RENEWAL AREA , INCLUDING SALE , INITIAL LEASING , OR RETENTION BY THE 18
122+MUNICIPALITY ITSELF , AT ITS FAIR VALUE FO R USES IN ACCORDANCE WITH THE 19
123+URBAN RENEWAL PLAN ; 20
140124
141-– 4 –
142-ARE GRANTED BY THIS APPENDIX TO THE MUNI CIPALITY BY EXERCISI NG THE
143-POWER OF EMINENT DOM AIN MAY NOT BE TAKEN WITHOUT JUST COMPENS ATION,
144-AS AGREED ON BETWEEN THE PARTIES, OR AWARDED BY A JURY , BEING FIRST PAID
145-OR TENDERED TO THE P ARTY ENTITLED TO THE CO MPENSATION .
125+ (5) CARRYING OUT PLANS FO R A PROGRAM OF VOLUN TARY OR 21
126+COMPULSORY REPAIR AN D REHABILITATION OF BUILDINGS OR OTHER 22
127+IMPROVEMENTS IN ACCO RDANCE WIT H THE URBAN RENEWAL PLAN; 23
146128
147- (D) ALL LAND OR PROPERTY NEEDED OR TAKEN BY T HE EXERCISE OF THE
148-POWER OF EMINENT DOM AIN BY THE MUNICIPAL ITY FOR ANY OF THESE PURPOSES
149-OR IN CONNECTION WIT H THE EXERCISE OF AN Y OF THE POWERS GRAN TED BY THIS
150-APPENDIX IS DECL ARED TO BE NEEDED OR TAKEN FOR PUBLIC USE S AND
151-PURPOSES.
129+ (6) ACQUISITION OF ANY OT HER REAL PROPERTY IN THE URBAN 24
130+RENEWAL AREA WHERE N ECESSARY TO ELIMINAT E UNHEALTHFUL , UNSANITARY, 25
131+OR UNSAFE CONDITIONS , LESSEN DENSITY , ELIMINATE OBSOLETE O R OTHER USES 26
132+DETRIMENTAL TO THE P UBLIC WELFARE , OR OTHERWISE TO REMO VE OR PREVENT 27
133+THE SPREAD OF BLIGHT OR DETERIORATION , OR TO PROVIDE LAND F OR NEEDED 28
134+PUBLIC FACILITIES ; AND 29
152135
153- (E) ANY OR ALL OF THE ACT IVITIES AUTHORIZED P URSUANT TO THIS
154-APPENDIX CONSTITUTE GOVERNMENTAL FUNCTIO NS UNDERTAKEN FOR PU BLIC
155-USES AND PURPOSES AN D THE POWER OF TAXAT ION MAY BE EXERCISED , PUBLIC
156-FUNDS EXPENDED , AND PUBLIC CREDIT EX TENDED IN FURTHERANC E OF THEM.
136+ (7) THE PRESERVATION , IMPROVEMENT , OR EMBELLISHMENT OF 30
137+HISTORIC STRUCTURES OR MONUMENTS . 31
157138
158-A1–103. ADDITIONAL POWERS .
139+A1–102. POWERS. 32
140+ 4 HOUSE BILL 825
159141
160- THE MUNICIPALITY HAS THE FOLLOWING ADDITI ONAL POWERS . THESE
161-POWERS ARE DECLARED TO BE NECESSARY AND PROPER TO CARRY INTO FULL
162-FORCE AND EFFECT THE SPECIFIC POWER S GRANTED IN THIS AP PENDIX AND TO
163-FULLY ACCOMPLISH THE PURPOSES AND OBJECTS CONTEMPLATED BY THE
164-PROVISIONS OF THIS S ECTION:
165142
166- (1) TO MAKE OR HAVE MADE ALL SURVEYS AND PLAN S NECESSARY TO
167-THE CARRYING OUT OF THE PURPOSES OF THIS APPENDIX AND TO ADOP T OR
168-APPROVE, MODIFY, AND AMEND THOSE PLAN S. THESE PLANS MAY INCLU DE, BUT
169-ARE NOT LIMITED TO :
143+ (A) THE MUNICIPAL ITY MAY UNDERTAKE AN D CARRY OUT URBAN RE NEWAL 1
144+PROJECTS IN AREAS OF THE MUNICIPALITY THA T ARE ZONED FOR COMM ERCIAL OR 2
145+RESIDENTIAL USE. 3
170146
171- (I) PLANS FOR CARRYING OU T A PROGRAM OF VOLUN TARY OR
172-COMPULSORY REPAIR AN D REHABILITATION OF BUILDINGS AND IMPROV EMENTS;
147+ (B) THESE PROJECTS SHALL BE LIMITED: 4
173148
174- (II) PLANS FOR THE ENFORCE MENT OF CODES AND
175-REGULATIONS RELATING TO THE USE OF LAND A ND THE USE AND OCCUP ANCY OF
176-BUILDINGS AND IMPROV EMENTS AND TO THE CO MPULSORY REPAIR ,
177-REHABILITATION , DEMOLITION, OR REMOVAL OF BUILDI NGS AND IMPROVEMENTS ;
178-AND
149+ (1) TO BLIGHT CLEARANCE I N BLIGHTED AREAS AND 5
150+REDEVELOPMENT OR THE REHABILITATION OF BL IGHTED AREAS ; 6
179151
180- (III) APPRAISALS, TITLE SEARCHES , SURVEYS, STUDIES, AND
181-OTHER PLANS AND WORK NECESSARY TO PREPARE FOR THE UNDERTAKING OF
182-URBAN RENEWAL PROJEC TS AND RELATED ACTIV ITIES, AND TO APPLY FOR ,
183-ACCEPT, AND UTILIZE GRANTS O F FUNDS FROM THE FED ERAL GOVERNMENT OR A NY
184-OTHER GOVERNMENTAL E NTITY FOR THOSE PURP OSES; WES MOORE, Governor Ch. 209
152+ (2) TO ACQUIRE IN CONNECT ION WITH THOSE PROJE CTS, WITHIN 7
153+THE CORPORATE LIMITS OF THE MUNICIPALITY , LAND AND PROPERTY OF EVERY 8
154+KIND AND ANY RIGHT , INTEREST, FRANCHISE, EASEMENT, OR PRIVILEGE , 9
155+INCLUDING LAND OR PR OPERTY AND ANY RIGHT OR INTE REST ALREADY DEVOTED 10
156+TO PUBLIC USE, BY PURCHASE, LEASE, GIFT, CONDEMNATION , OR ANY OTHER LEGAL 11
157+MEANS; AND 12
185158
186-– 5 –
159+ (3) TO SELL, LEASE, CONVEY, TRANSFER, OR OTHERWISE DISPOSE OF 13
160+ANY OF THE LAND OR P ROPERTY, REGARDLESS OF WHETHE R OR NOT IT HAS BEEN 14
161+DEVELOPED , REDEVELOPED , ALTERED, OR IMPROVED AND IRRE SPECTIVE OF THE 15
162+MANNER OR MEANS IN O R BY WHICH IT MAY HA VE BEEN ACQUIRED , TO ANY PRIVATE, 16
163+PUBLIC, OR QUASI–PUBLIC CORPORATION , PARTNERSHIP , ASSOCIATION, PERSON, 17
164+OR OTHER LEGAL ENTIT Y. 18
187165
188- (2) TO PREPARE PLANS FOR THE RELOCATION OF PE RSONS
189-(INCLUDING FAMILIES , BUSINESS CONCERNS , AND OTHERS ) DISPLACED FROM AN
190-URBAN RENEWAL AREA , AND TO MAKE RELOCATI ON PAYMENTS TO OR WI TH
191-RESPECT TO THOSE PER SONS FOR MOVING EXPE NSES AND LOSSES OF P ROPERTY
192-FOR WHICH REIMBURSEMEN T OR COMPENSATION IS NOT OTHERWISE MADE ,
193-INCLUDING THE MAKING OF PAYMENTS FINANCED BY THE FEDERAL GOVER NMENT;
166+ (C) LAND OR PROPERTY TAKEN BY TH E MUNICIPALITY FOR A NY OF THESE 19
167+PURPOSES OR IN CONNE CTION WITH THE EXERC ISE OF ANY OF THE PO WERS WHICH 20
168+ARE GRANTED BY THIS APPENDIX TO THE MUNI CIPALITY BY EXERCISI NG THE 21
169+POWER OF EMINENT DOM AIN MAY NOT BE TAKEN WITHOUT JUST COMPENS ATION, 22
170+AS AGREED ON BETWEEN THE PARTIES, OR AWARDED BY A JURY , BEING FIRST PAID 23
171+OR TENDERED TO THE P ARTY ENTITLED TO THE COMPENSATION . 24
194172
195- (3) TO APPROPRIATE WHATEV ER FUNDS AND MAKE WH ATEVER
196-EXPENDITURES AS MAY BE NECESSARY TO CARR Y OUT THE PURPOSES O F THIS
197-APPENDIX, INCLUDING, BUT NOT LIMITED :
173+ (D) ALL LAND OR PROPERTY NEEDED OR TAKEN BY T HE EXERCISE OF THE 25
174+POWER OF EMINENT DOM AIN BY THE MUNICIPAL ITY FOR ANY OF THESE PURPOSES 26
175+OR IN CONNECTION WIT H THE EXERCISE OF AN Y OF THE POWERS GRAN TED BY THIS 27
176+APPENDIX IS DECLARED TO BE NEEDED OR TAKE N FOR PUBLIC USES AN D 28
177+PURPOSES. 29
198178
199- (I) TO THE PAYMENT OF ANY AND ALL COSTS AND EX PENSES
200-INCURRED IN CONNECTI ON WITH, OR INCIDENTAL TO , THE ACQUISITION OF L AND
201-OR PROPERTY , AND FOR THE DEMOLITI ON, REMOVAL, RELOCATION , RENOVATION ,
202-OR ALTERATION OF LAN D, BUILDINGS, STREETS, HIGHWAYS, ALLEYS, UTILITIES, OR
203-SERVICES, AND OTHER STRUCTURES OR IMPROVEMENTS , AND FOR THE
204-CONSTRUCTION , RECONSTRUCTION , INSTALLATION, RELOCATION, OR REPAIR OF
205-STREETS, HIGHWAYS, ALLEYS, UTILITIES, OR SERVICES, IN CONNECTION WITH
206-URBAN RENEWAL PROJECTS ;
179+ (E) ANY OR ALL OF THE ACT IVITIES AUTHORIZED P URSUANT TO THIS 30
180+APPENDIX CONSTITUTE GOVERNMENTAL FUNCT IONS UNDERTAKEN FOR PUBLIC 31
181+USES AND PURPOSES AN D THE POWER OF TAXAT ION MAY BE EXERCISED , PUBLIC 32
182+FUNDS EXPENDED , AND PUBLIC CREDIT EX TENDED IN FURTHERANC E OF THEM. 33
207183
208- (II) TO LEVY TAXES AND ASS ESSMENTS FOR THOSE P URPOSES;
184+A1–103. ADDITIONAL POWERS . 34
185+ HOUSE BILL 825 5
209186
210- (III) TO BORROW MONEY AND T O APPLY FOR AND ACCE PT
211-ADVANCES, LOANS, GRANTS, CONTRIBUTIONS , AND ANY OTHER FORM O F FINANCIAL
212-ASSISTANCE FROM THE FEDERAL GOVERNMENT , THE STATE, COUNTY, OR OTHER
213-PUBLIC BODIES, OR FROM ANY SOURCES , PUBLIC OR PRIVATE , FOR THE PURPOSES
214-OF THIS APPENDIX , AND TO GIVE WHATEVER SECURITY AS MAY BE R EQUIRED FOR
215-THIS FINANCIAL ASSIS TANCE; AND
216187
217- (IV) TO INVEST ANY URBAN R ENEWAL FUNDS HELD IN RESERVES
218-OR SINKING FUNDS OR ANY OF THESE FUNDS NOT R EQUIRED FOR IMMEDIAT E
219-DISBURSEMENT IN PROP ERTY OR SECURITIES W HICH ARE LEGAL INVES TMENTS FOR
220-OTHER MUNICIPAL FUND S;
188+ THE MUNICIPALITY HAS THE FOLLOWING ADDITI ONAL POWERS . THESE 1
189+POWERS ARE DECLARED TO BE NECESSARY AND PROPER TO CARRY INTO FULL 2
190+FORCE AND EFFECT THE SPECIFIC POWERS GRAN TED IN THIS APPENDIX AND TO 3
191+FULLY ACCOMPLISH THE PURPOSES AND OBJECTS CONTEMPLATED BY THE 4
192+PROVISIONS OF THIS S ECTION: 5
221193
222- (4) (I) TO HOLD , IMPROVE, CLEAR, OR PREPARE FOR
223-REDEVELOPMENT ANY PR OPERTY ACQUIRED IN C ONNECTION WITH URBAN
224-RENEWAL PROJECTS ;
194+ (1) TO MAKE OR HAVE MADE ALL SURVEYS AND PLANS NE CESSARY TO 6
195+THE CARRYING OUT OF THE PURPOSES OF THIS APPENDIX AND TO ADOP T OR 7
196+APPROVE, MODIFY, AND AMEND THOSE PLAN S. THESE PLANS MAY INCLU DE, BUT 8
197+ARE NOT LIMITED TO : 9
225198
226- (II) TO MORTGAGE , PLEDGE, HYPOTHECATE , OR OTHERWISE
227-ENCUMBER THAT PROPER TY; AND
228- Ch. 209 2023 LAWS OF MARYLAND
199+ (I) PLANS FOR CARRYING OU T A PROGRAM OF VOLUN TARY OR 10
200+COMPULSORY REPAIR AND REHABILIT ATION OF BUILDINGS A ND IMPROVEMENTS ; 11
229201
230-– 6 –
231- (III) TO INSURE OR PROVIDE FOR THE INSURANCE OF THE
232-PROPERTY OR OPERATIO NS OF THE MUNICIPALI TY AGAINST ANY RISKS OR
233-HAZARDS, INCLUDING TH E POWER TO PAY PREMI UMS ON ANY INSURANCE ;
202+ (II) PLANS FOR THE ENFORCE MENT OF CODES AND 12
203+REGULATIONS RELATING TO THE USE OF LAND A ND THE USE AND OCCUP ANCY OF 13
204+BUILDINGS AND IMPROV EMENTS AND TO THE CO MPULSORY REPAIR , 14
205+REHABILITATION , DEMOLITIO N, OR REMOVAL OF BUILDI NGS AND IMPROVEMENTS ; 15
206+AND 16
234207
235- (5) TO MAKE AND EXECUTE A LL CONTRACTS AND OTH ER
236-INSTRUMENTS NECESSAR Y OR CONVENIENT TO T HE EXERCISE OF ITS P OWERS
237-UNDER THIS APPENDIX , INCLUDING THE POWER TO ENTER INTO AGREEM ENTS WITH
238-OTHER PUBLIC BODIES OR AGENCIES (THESE AGREEMENTS MAY EXTEND OVER ANY
239-PERIOD, NOTWITHSTANDING ANY PROVISION OR RULE OF LAW TO THE CONTRARY ),
240-AND TO INCLUDE IN AN Y CONTRACT FOR FINAN CIAL ASSISTANCE WITH THE
241-FEDERAL GOVERNMENT F OR OR WITH RESPECT T O AN URBAN RENEWAL P ROJECT
242-AND RELATED ACTIVITIES ANY CO NDITIONS IMPOSED PUR SUANT TO FEDERAL LAW S
243-AS THE MUNICIPALITY CONSIDERS REASONABLE AND APPROPRIATE ;
208+ (III) APPRAISALS, TITLE SEARCHES , SURVEYS, STUDIES, AND 17
209+OTHER PLANS AND WORK NECESSARY TO PREPARE FOR THE UNDERTAKING OF 18
210+URBAN RENEWAL PROJEC TS AND RELATED ACTIV ITIES, AND TO APPLY FOR , 19
211+ACCEPT, AND UTILIZE GRANTS OF FUNDS F ROM THE FEDERAL GOVE RNMENT OR ANY 20
212+OTHER GOVERNMENTAL E NTITY FOR THOSE PURP OSES; 21
244213
245- (6) TO ENTER INTO ANY BUI LDING OR PROPERTY IN ANY URBAN
246-RENEWAL AREA IN ORDE R TO MAKE INSPECTION S, SURVEYS, APPRAISALS,
247-SOUNDINGS, OR TEST BORINGS, AND TO OBTAIN AN ORD ER FOR THIS PURPOSE FROM
248-THE CIRCUIT COURT FO R THE COUNTY IN WHIC H THE MUNICIPALITY I S SITUATED IN
249-THE EVENT ENTRY IS D ENIED OR RESISTED ;
214+ (2) TO PREPARE PLANS FOR THE RELOCATION OF PE RSONS 22
215+(INCLUDING FAMILIES , BUSINESS CONCERNS , AND OTHERS ) DISPLACED FROM AN 23
216+URBAN RENEWAL AREA , AND TO MAKE RELOCATION PAYMENTS TO OR WITH 24
217+RESPECT TO THOSE PER SONS FOR MOVING EXPE NSES AND LOSSES OF P ROPERTY 25
218+FOR WHICH REIMBURSEM ENT OR COMPENSATION IS NOT OTHERWISE MAD E, 26
219+INCLUDING THE MAKING OF PAYMENTS FINANCED BY THE FEDERAL GOVER NMENT; 27
250220
251- (7) TO PLAN, REPLAN, INSTALL, CONSTRUCT, RECONSTRUCT ,
252-REPAIR, CLOSE, OR VACATE S TREETS, ROADS, SIDEWALKS, PUBLIC UTILITIES ,
253-PARKS, PLAYGROUNDS , AND OTHER PUBLIC IMP ROVEMENTS IN CONNECT ION WITH
254-AN URBAN RENEWAL PRO JECT AND TO MAKE EXC EPTIONS FROM BUILDIN G
255-REGULATIONS ;
221+ (3) TO APPROPRIATE WHATEVER FUNDS AND M AKE WHATEVER 28
222+EXPENDITURES AS MAY BE NECESSARY TO CARR Y OUT THE PURPOSES O F THIS 29
223+APPENDIX, INCLUDING, BUT NOT LIMITED : 30
256224
257- (8) TO GENERALLY ORGANIZE , COORDINATE , AND DIRECT THE
258-ADMINISTRAT ION OF THE PROVISION S OF THIS APPENDIX A S THEY APPLY TO THE
259-MUNICIPALITY IN ORDE R THAT THE OBJECTIVE OF REMEDYING BLIGHTE D AREAS
260-AND PREVENTING ITS C AUSES WITHIN THE MUN ICIPALITY MAY BE PRO MOTED AND
261-ACHIEVED MOST EFFECT IVELY; AND
225+ (I) TO THE PAYMENT OF ANY AND ALL COSTS AND EX PENSES 31
226+INCURRED IN CONNECTI ON WITH, OR INCIDENTAL TO , THE ACQUISITIO N OF LAND 32
227+OR PROPERTY , AND FOR THE DEMOLITI ON, REMOVAL, RELOCATION , RENOVATION , 33
228+OR ALTERATION OF LAN D, BUILDINGS, STREETS, HIGHWAYS, ALLEYS, UTILITIES, OR 34
229+SERVICES, AND OTHER STRUCTURES OR IMPROVEMENTS , AND FOR THE 35
230+CONSTRUCTION , RECONSTRUCTION , INSTALLATIO N, RELOCATION, OR REPAIR OF 36 6 HOUSE BILL 825
262231
263- (9) TO EXERCISE ALL OR ANY PART OR COMBINAT ION OF THE
264-POWERS GRANTED IN TH IS APPENDIX.
265232
266-A1–104. ESTABLISHMENT OF URBA N RENEWAL AGENCY .
233+STREETS, HIGHWAYS, ALLEYS, UTILITIES, OR SERVICES, IN CONNECTION WITH 1
234+URBAN RENEWAL PROJEC TS; 2
267235
268- (A) A MUNICIPALITY MAY ITS ELF EXERCISE ALL THE POWERS GRANTED BY
269-THIS APPENDIX , OR MAY, IF ITS LEGISLATIVE B ODY BY ORDINANCE DET ERMINES
270-THE ACTION TO BE IN THE PUBLIC INTEREST , ELECT TO HAVE THE PO WERS
271-EXERCISED BY A SEPAR ATE PUBLIC BODY OR A GENCY.
272- WES MOORE, Governor Ch. 209
236+ (II) TO LEVY TAXES AND ASS ESSMENTS FOR THOSE P URPOSES; 3
273237
274-– 7 –
275- (B) IN THE EVENT THE LEGI SLATIVE BODY MAKES T HAT DETERMINATION ,
276-IT SHALL PROCEED BY ORDINANCE TO ESTABLI SH A PUBLIC BODY OR AGENCY TO
277-UNDERTAKE I N THE MUNICIPALITY T HE ACTIVITIES AUTHOR IZED BY THIS
278-APPENDIX.
238+ (III) TO BORROW MONEY AND T O APPLY FOR AND ACCE PT 4
239+ADVANCES, LOANS, GRANTS, CONTRIBUTIONS , AND ANY OTHER FORM O F FINANCIAL 5
240+ASSISTANCE FROM THE FEDERAL GOVERNMENT , THE STATE, COUNTY, OR OTHER 6
241+PUBLIC BODIES, OR FROM ANY SOURCES , PUBLIC OR PRIVATE , FOR THE PURPOSES 7
242+OF THIS APPENDIX , AND TO GIVE WHATEVER SECURITY AS MAY BE R EQUIRED FOR 8
243+THIS FINANCIAL ASSIS TANCE; AND 9
279244
280- (C) THE ORDINANCE SHALL I NCLUDE PROVISIONS ES TABLISHING THE
281-NUMBER OF MEMBERS OF THE PUBLIC BODY OR A GENCY, THE MANNER OF THEIR
282-APPOINTMENT AND REMO VAL, AND THE TERMS OF THE MEMBERS AND THEIR
283-COMPENSATION .
245+ (IV) TO INVEST ANY URBAN R ENEWAL FUNDS HELD IN RESERVES 10
246+OR SINKING FUNDS OR ANY OF THESE FUNDS N OT REQUIRED FOR IMME DIATE 11
247+DISBURSEMENT IN PROP ERTY OR SECURITIES W HICH ARE LEGAL INVES TMENTS FOR 12
248+OTHER MUNICIPAL FUND S; 13
284249
285- (D) THE ORDINANCE MAY INC LUDE WHATEVER ADDITI ONAL PROVISIONS
286-RELATING TO THE ORGA NIZATION OF THE PUBL IC BODY OR AGENCY AS MAY BE
287-NECESSARY.
250+ (4) (I) TO HOLD , IMPROVE, CLEAR, OR PREPARE FOR 14
251+REDEVELOPMENT ANY PR OPERTY ACQUIRED IN C ONNECTION WITH URBAN 15
252+RENEWAL PROJECTS ; 16
288253
289- (E) IN THE EVENT THE LEGI SLATIVE BODY ENACTS THIS ORDINANCE , ALL
290-OF THE POWERS BY THI S APPENDIX G RANTED TO THE MUNICI PALITY, FROM THE
291-EFFECTIVE DATE OF TH E ORDINANCE, ARE VESTED IN THE PU BLIC BODY OR AGENCY
292-ESTABLISHED BY THE O RDINANCE.
254+ (II) TO MORTGAGE , PLEDGE, HYPOTHECATE , OR OTHERWISE 17
255+ENCUMBER THAT PROPER TY; AND 18
293256
294-A1–105. POWERS WITHHELD FROM THE AGENCY.
257+ (III) TO INSURE OR PROVIDE FOR THE INSURANCE OF THE 19
258+PROPERTY OR OPERATIO NS OF THE MUNICIPALI TY AGAINST ANY RISKS OR 20
259+HAZARDS, INCLUDING THE POWER TO PAY PREMIUMS ON A NY INSURANCE ; 21
295260
296- THE AGENCY MAY NOT :
261+ (5) TO MAKE AND EXECUTE A LL CONTRACTS AND OTH ER 22
262+INSTRUMENTS NECESSAR Y OR CONVENIENT TO T HE EXERCISE OF ITS P OWERS 23
263+UNDER THIS APPENDIX , INCLUDING THE POWER TO ENTER INTO AGREEM ENTS WITH 24
264+OTHER PUBLIC BODIES OR AGENCIES (THESE AGREEMENTS MAY EXTEND OVER ANY 25
265+PERIOD, NOTWITHSTANDING ANY PROVISION OR RULE OF LAW TO THE CONTRARY ), 26
266+AND TO INCLUDE IN AN Y CONTRACT FOR FINA NCIAL ASSISTANCE WIT H THE 27
267+FEDERAL GOVERNMENT F OR OR WITH RESPECT T O AN URBAN RENEWAL P ROJECT 28
268+AND RELATED ACTIVITI ES ANY CONDITIONS IM POSED PURSUANT TO FE DERAL LAWS 29
269+AS THE MUNICIPALITY CONSIDERS REASONABLE AND APPROPRIATE ; 30
297270
298- (1) PASS A RESOLUTION TO INITIATE AN URBAN RE NEWAL PROJECT
299-PURSUANT TO SECTIONS A1–102 AND A1–103 OF THIS APPENDIX ;
271+ (6) TO ENTER INTO ANY BUI LDING OR PROPERTY IN ANY U RBAN 31
272+RENEWAL AREA IN ORDE R TO MAKE INSPECTION S, SURVEYS, APPRAISALS, 32
273+SOUNDINGS, OR TEST BORINGS , AND TO OBTAIN AN ORD ER FOR THIS PURPOSE FROM 33
274+THE CIRCUIT COURT FO R THE COUNTY IN WHIC H THE MUNICIPALITY I S SITUATED IN 34
275+THE EVENT ENTRY IS D ENIED OR RESISTED ; 35
276+ HOUSE BILL 825 7
300277
301- (2) ISSUE GENERAL OBLIGAT ION BONDS PURSUANT T O SECTION
302-A1–111 OF THIS APPENDIX ; OR
303278
304- (3) APPROPRIATE FUNDS OR LEVY TAXES AND ASSES SMENTS
305-PURSUANT TO SECTION A1–103(3) OF THIS APPENDIX .
279+ (7) TO PLAN, REPLAN, INSTALL, CONSTRUCT, RECONSTRUCT , 1
280+REPAIR, CLOSE, OR VACATE STREETS , ROADS, SIDEWALKS, PUBLIC UTILITIES , 2
281+PARKS, PLAYGROUNDS , AND OTHER PUBLIC IMP ROVEMENTS IN CONNECT ION WITH 3
282+AN URBAN RENEWAL PRO JECT AND TO MAKE EXC EPTIONS FROM BUILDING 4
283+REGULATIONS ; 5
306284
307-A1–106. INITIATION OF PROJECT .
285+ (8) TO GENERALLY ORGANIZE , COORDINATE , AND DIRECT THE 6
286+ADMINISTRATION OF TH E PROVISIONS OF THIS APPENDIX AS THEY APP LY TO THE 7
287+MUNICIPALITY IN ORDE R THAT THE OBJECTIVE OF REMEDYING BLIGHTE D AREAS 8
288+AND PREVENTING ITS C AUSES WITHIN THE MUNICIPAL ITY MAY BE PROMOTED AND 9
289+ACHIEVED MOST EFFECT IVELY; AND 10
308290
309- IN ORDER TO INITIATE AN URBAN RENEWAL PRO JECT, THE LEGISLATIVE
310-BODY OF THE MUNICIPA LITY SHALL ADOPT A R ESOLUTION WHICH :
291+ (9) TO EXERCISE ALL OR AN Y PART OR COMBINATIO N OF THE 11
292+POWERS GRANTED IN TH IS APPENDIX. 12
311293
312- (1) FINDS THAT ONE OR MOR E BLIGHTED AREAS EXI ST IN THE
313-MUNICIPALITY;
294+A1–104. ESTABLISHMENT OF URBA N RENEWAL AGENCY . 13
314295
315- (2) LOCATES AND DEFINES T HE BLIGHTED AREA ; AND
296+ (A) A MUNICIPALITY MAY ITS ELF EXERCISE A LL THE POWERS GRANTE D BY 14
297+THIS APPENDIX , OR MAY, IF ITS LEGISLATIVE B ODY BY ORDINANCE DET ERMINES 15
298+THE ACTION TO BE IN THE PUBLIC INTEREST , ELECT TO HAVE THE PO WERS 16
299+EXERCISED BY A SEPAR ATE PUBLIC BODY OR A GENCY. 17
316300
317- (3) FINDS THAT THE REHABI LITATION, REDEVELOPMENT , OR A
318-COMBINATION OF THEM , OF THE AREA OR AREAS , IS NECESSARY AND IN THE Ch. 209 2023 LAWS OF MARYLAND
301+ (B) IN THE EVENT THE LEGI SLATIVE BODY MAKES T HAT DETERMINATION , 18
302+IT SHALL PROCEED BY ORDINANCE TO ESTABLI SH A PUBLIC BODY OR AGENCY TO 19
303+UNDERTAKE IN THE MUN ICIPALITY THE ACTIVI TIES AUTHORIZED BY T HIS 20
304+APPENDIX. 21
319305
320-– 8 –
321-INTEREST OF THE PUBL IC HEALTH, SAFETY, MORALS, OR WELFARE OF THE
322-RESIDENTS OF THE MUN ICIPALITY.
306+ (C) THE ORDINANCE SHALL I NCLUDE PROVISIONS ES TABLISHING THE 22
307+NUMBER OF MEMBERS OF THE PUBLIC BODY OR AGENCY , THE MANNER OF THEIR 23
308+APPOINTMENT AND REMO VAL, AND THE TERMS OF THE MEMBERS AND THEIR 24
309+COMPENSATION . 25
323310
324-A1–107. PREPARATION AND APPRO VAL OF PLAN FOR URBA N RENEWAL PROJECT .
311+ (D) THE ORDINANCE MAY INC LUDE WHATEVER ADDITI ONAL PROVISIONS 26
312+RELATING TO THE ORGA NIZATION OF THE PUBL IC BODY OR AGENCY AS MAY BE 27
313+NECESSARY. 28
325314
326- (A) IN ORDER TO CARRY OUT THE PURPOSES OF THIS APPENDIX, THE
327-MUNICIPALITY SHALL H AVE PREPARED AN URBA N RENEWAL PLAN FOR B LIGHTED
328-AREAS IN THE MUNICIP ALITY AND SHALL APPR OVE THE PLAN FORMALL Y. THE
329-MUNICIPALITY SHALL H OLD A PUBLIC HEARING ON AN URBAN RENEWAL PROJECT
330-AFTER PUBLIC NOTICE OF IT BY PUBLICATION IN A NEWSPAPER HAVIN G A GENERAL
331-CIRCULATION WITHIN T HE CORPORATE LIMITS OF THE MUNICIPALITY . THE NOTICE
332-SHALL DESCRIBE THE T IME, DATE, PLACE, AND PURPOSE OF THE HEA RING, SHALL
333-GENERALLY IDENTIFY T HE URBAN RENEWAL ARE A COVERED BY THE PLA N, AND
334-SHALL OUTLINE THE GE NERAL SCOPE OF THE U RBAN RENEWAL PROJECT UNDER
335-CONSIDERATION . FOLLOWING THE HEARING , THE MUNICIPALITY MAY APPROVE AN
336-URBAN RENEWAL PROJEC T AND THE PLAN THERE FOR IF IT FINDS THAT:
315+ (E) IN THE EVENT THE LEGI SLATIVE BODY ENACTS THIS ORDINANCE , ALL 29
316+OF THE POWERS BY THI S APPENDIX GRANTED T O THE MUNICIPALITY , FROM THE 30
317+EFFECTIVE DATE OF TH E ORDINANCE, ARE VESTED IN THE PU BLIC BODY OR AGENCY 31
318+ESTABLISHED BY THE O RDINANCE. 32
337319
338- (1) A FEASIBLE METHOD EXIS TS FOR THE LOCATION OF ANY
339-FAMILIES OR NATURAL PERSONS WHO WILL BE DISPLACED FROM THE U RBAN
340-RENEWAL AREA IN DECE NT, SAFE, AND SANITARY DWELLIN G ACCOMMODATIONS
341-WITHIN THEIR MEANS A ND WITHOUT UNDUE HARDSHIP TO THE FAMILIES OR
342-NATURAL PERSONS ;
320+A1–105. POWERS WITHHELD FROM THE AG ENCY. 33
343321
344- (2) THE URBAN RENEWAL PLA N CONFORMS SUBSTANTI ALLY TO THE
345-MASTER PLAN OF THE M UNICIPALITY AS A WHO LE; AND
322+ THE AGENCY MAY NOT : 34 8 HOUSE BILL 825
346323
347- (3) THE URBAN RENEWAL PLA N WILL AFFORD MAXIMU M
348-OPPORTUNITY , CONSISTENT WITH THE SOUND NEE DS OF THE MUNICIPALI TY AS A
349-WHOLE, FOR THE REHABILITATI ON OR REDEVELOPMENT OF THE URBAN RENEWAL
350-AREA BY PRIVATE ENTE RPRISE.
351324
352- (B) AN URBAN RENEWAL PLAN MAY BE MODIFIED AT A NY TIME. IF
353-MODIFIED AFTER THE L EASE OR SALE OF REAL PROPERTY IN THE URBA N RENEWAL
354-PROJECT AREA , THE MODIFICATION MAY BE CONDITIONED ON WH ATEVER
355-APPROVAL OF THE OWNE R, LESSEE, OR SUCCESSOR IN INTE REST AS THE
356-MUNICIPALITY CONSIDE RS ADVISABLE. IN ANY EVENT, IT SHALL BE SUBJECT TO
357-WHATEVER RIGHTS AT L AW OR IN EQUITY AS A LESSEE OR PURCHASER , OR THE
358-SUCCESSOR OR SUCCESS ORS IN INTEREST , MAY BE ENTITLED TO A SSERT. WHERE
359-THE PROPOSED MODIFIC ATION WILL CHANGE SU BSTANTIALLY THE URBA N
360-RENEWAL PLAN AS APPR OVED PREVIOUSLY BY T HE MUNICIPALITY , THE
361-MODIFICATION SHALL B E APPROVED FORMALLY BY THE MUNICIPA LITY, AS IN THE
362-CASE OF AN ORIGINAL PLAN.
363- WES MOORE, Governor Ch. 209
364325
365-– 9 –
366- (C) ON THE APPROVAL BY TH E MUNICIPALITY OF AN URBAN RENEWAL PLAN
367-OR OF ANY MODIFICATI ON OF IT, THE PLAN OR MODIFICA TION SHALL BE
368-CONSIDERED TO BE IN FULL FORCE AND EFFEC T FOR THE RESPECTIVE URBAN
369-RENEWAL AREA . THE MUNICIPALITY MAY H AVE THE PLAN OR MODI FICATION
370-CARRIED OUT IN ACCOR DANCE WITH ITS TERMS .
326+ (1) PASS A RESOLUTION TO INITIATE AN URBAN RE NEWAL PROJECT 1
327+PURSUANT TO SECTIONS A1–102 AND A1–103 OF THIS APPENDIX ; 2
371328
372-A1–108. DISPOSAL OF PROPERTY IN URBAN RENEWAL ARE A.
329+ (2) ISSUE GENERAL OBLIGAT ION BONDS PURSUANT T O SECTION 3
330+A1–111 OF THIS APPENDIX ; OR 4
373331
374- (A) THE MUNICIPALITY , BY ORDINANCE , MAY SELL, LEASE, OR OTHERWISE
375-TRANSFER REAL PROPER TY OR ANY INTEREST I N IT ACQUIRED BY IT FOR A N URBAN
376-RENEWAL PROJECT TO A NY PERSON FOR RESIDE NTIAL, RECREATIONAL ,
377-COMMERCIAL , INDUSTRIAL, EDUCATIONAL , OR OTHER USES OR FOR PUBLIC USE, OR
378-IT MAY RETAIN THE PR OPERTY OR INTEREST F OR PUBLIC USE , IN ACCORDANCE
379-WITH THE URBAN RENEW AL PLAN AND SUBJECT TO W HATEVER COVENANTS ,
380-CONDITIONS, AND RESTRICTIONS , INCLUDING COVENANTS RUNNING WITH THE
381-LAND, AS IT CONSIDERS NECE SSARY OR DESIRABLE T O ASSIST IN PREVENTI NG THE
382-DEVELOPMENT OR SPREA D OF FUTURE BLIGHTED AREAS OR TO OTHERWIS E CARRY
383-OUT THE PURPOSES OF THIS APP ENDIX. THE PURCHASERS OR LES SEES AND THEIR
384-SUCCESSORS AND ASSIG NS SHALL BE OBLIGATE D TO DEVOTE THE REAL PROPERTY
385-ONLY TO THE USES SPE CIFIED IN THE URBAN RENEWAL PLAN AND MAY BE
386-OBLIGATED TO COMPLY WITH WHATEVER OTHER REQUIREMENTS THE
387-MUNICIPALITY DETERMINE S TO BE IN THE PUBLI C INTEREST, INCLUDING THE
388-OBLIGATION TO BEGIN WITHIN A REASONABLE TIME ANY IMPROVEMENT S ON THE
389-REAL PROPERTY REQUIR ED BY THE URBAN RENE WAL PLAN. THE REAL PROPERTY
390-OR INTEREST MAY NOT BE SOLD, LEASED, OTHERWISE TRANSF ERRED, OR RETAINED
391-AT LESS THAN ITS FAI R VALUE FOR USES IN ACCORDANCE WITH THE URBAN
392-RENEWAL PLAN . IN DETERMINING THE FA IR VALUE OF REAL PRO PERTY FOR USES
393-IN ACCORDANCE WITH T HE URBAN RENEWAL PLA N, THE MUNICIPALITY SHA LL TAKE
394-INTO ACCOUNT AND GIV E CONSIDER ATION TO THE USES PR OVIDED IN THE PLAN ,
395-THE RESTRICTIONS ON , AND THE COVENANTS , CONDITIONS, AND OBLIGATIONS
396-ASSUMED BY THE PURCH ASER OR LESSEE OR BY THE MUNICIPALITY RET AINING THE
397-PROPERTY, AND THE OBJECTIVES O F THE PLAN FOR THE P REVENTION OF THE
398-RECURRENC E OF BLIGHTED AREAS . IN ANY INSTRUMENT OR CONVEYANCE TO A
399-PRIVATE PURCHASER OR LESSEE, THE MUNICIPALITY MAY PROVIDE THAT THE
400-PURCHASER OR LESSEE MAY NOT SELL, LEASE, OR OTHERWISE TRANSFE R THE REAL
401-PROPERTY WITHOUT THE PRIOR WRITTEN CONSEN T OF THE MUNICIPAL ITY UNTIL
402-THE PURCHASER OR LES SEE HAS COMPLETED TH E CONSTRUCTION OF AN Y OR ALL
403-IMPROVEMENTS WHICH T HE PURCHASER OR LESS EE HAS BEEN OBLIGATE D TO
404-CONSTRUCT ON THE PRO PERTY. REAL PROPERTY ACQUIRE D BY THE MUNICIPALIT Y
405-WHICH, IN ACCORDANCE WITH T HE PROVISIONS O F THE URBAN RENEWAL PLAN, IS
406-TO BE TRANSFERRED , SHALL BE TRANSFERRED AS RAPIDLY AS FEASIB LE IN THE
407-PUBLIC INTEREST CONS ISTENT WITH THE CARR YING OUT OF THE PROV ISIONS OF
408-THE URBAN RENEWAL PL AN. ANY CONTRACT FOR THE TRANSFER AND THE URB AN Ch. 209 2023 LAWS OF MARYLAND
332+ (3) APPROPRIATE FUNDS OR LEVY TAXES AND ASSES SMENTS 5
333+PURSUANT TO SECTION A1–103(3) OF THIS APPENDIX . 6
409334
410-– 10 –
411-RENEWAL PLAN (OR ANY PART OR PARTS OF T HE CONTRACT OR PLAN AS THE
412-MUNICIPALITY DETERMI NES) MAY BE RECORDED IN T HE LAND RECORDS OF T HE
413-COUNTY IN WHICH THE MUNICIPALITY IS SITU ATED IN A MANNER SO AS TO AFFORD
414-ACTUAL OR CONSTRUCTI VE NOTICE OF IT.
335+A1–106. INITIATION OF PROJECT . 7
415336
416- (B) THE MUNICIPALITY , BY ORDINANCE, MAY DISPOSE OF REAL PROPERTY
417-IN AN URBAN RENEWAL AREA TO PRIVATE PERS ONS. THE MUNICIPALITY MAY , BY
418-PUBLIC NOTICE BY PUB LICATION IN A NEWSPA PER HAVING A GENERAL
419-CIRCULATION IN THE C OMMUNITY, INVITE PROPOSALS FRO M AND MAKE AVAILABLE
420-ALL PERTINENT INFO RMATION TO PRIVATE R EDEVELOPERS OR ANY P ERSONS
421-INTERESTED IN UNDERT AKING TO REDEVELOP O R REHABILITATE AN UR BAN
422-RENEWAL AREA , OR ANY PART THEREOF . THE NOTICE SHALL IDEN TIFY THE AREA,
423-OR PORTION THEREOF , AND SHALL STATE THAT PROPOSALS SHALL BE M ADE BY
424-THOSE INTERESTED WITHIN A SPECIFIED PERIOD . THE MUNICIPALITY SHAL L
425-CONSIDER ALL REDEVEL OPMENT OR REHABILITA TION PROPOSALS AND T HE
426-FINANCIAL AND LEGAL ABILITY OF THE PERSO NS MAKING PROPOSALS TO CARRY
427-THEM OUT, AND MAY NEGOTIATE WI TH ANY PERSONS FOR P ROPOSALS FOR THE
428-PURCHASE, LEASE, OR OTHER TRANSFER OF ANY REAL PROPERTY AC QUIRED BY
429-THE MUNICIPALITY IN THE URBAN RENEWAL AR EA. THE MUNICIPALITY MAY ACCEPT
430-ANY PROPOSAL AS IT D EEMS TO BE IN THE PU BLIC INTEREST AND IN FURTHERANCE
431-OF THE PURPOSES OF T HIS APPENDIX. THEREAFTER, THE MUNICIPALITY MAY
432-EXECUTE AND DELIVER CONTRACTS, DEEDS, LEASES, AND OTHER INSTRUMENT S
433-AND TAKE ALL STEPS N ECESSARY TO EFFECTUA TE THE TRANSFERS .
337+ IN ORDER TO INITIATE AN URBAN RENEWAL PRO JECT, THE LEGISLATIVE 8
338+BODY OF THE MUNICIPA LITY SHALL ADOPT A R ESOLUTION WHICH : 9
434339
435- (C) THE MUNICIPALITY MAY OPERATE TEMPORARILY AND MAINTAIN REAL
436-PROPERTY ACQUIRED BY IT IN AN URBAN RENEWAL AREA FOR OR IN CONNECTION
437-WITH AN URBAN RENEWA L PROJECT PENDING TH E DISPOSITION OF THE PROPERTY
438-AS AUTHORIZED IN THI S APPENDIX, WITHOUT REGARD TO TH E PROVISIONS OF
439-SUBSECTION (A) OF THIS SECTION , FOR USES AND PURPOSE S CONSIDERED
440-DESIRABLE EVEN THOU GH NOT IN CONFORMITY WITH THE URBAN RENEW AL PLAN.
340+ (1) FINDS THAT ONE OR MOR E BLIGHTED AREAS EXI ST IN THE 10
341+MUNICIPALITY; 11
441342
442- (D) ANY INSTRUMENT EXECUT ED BY THE MUNICIPALI TY AND PURPORTING
443-TO CONVEY ANY RIGHT , TITLE, OR INTEREST IN ANY P ROPERTY UNDER THIS
444-APPENDIX SHALL BE PR ESUMED CONCLUSIVELY TO HAVE BEEN EXECUTE D IN
445-COMPLIANC E WITH THE PROVISION S OF THIS APPENDIX I NSOFAR AS TITLE OR
446-OTHER INTEREST OF AN Y BONA FIDE PURCHASE RS, LESSEES, OR TRANSFEREES OF
447-THE PROPERTY IS CONC ERNED.
343+ (2) LOCATES AND DEFINES T HE BLIGHTED AREA ; AND 12
448344
449-A1–109. EMINENT DOMAIN .
345+ (3) FINDS THAT THE REHABI LITATION, REDEVELOPMENT , OR A 13
346+COMBINATION OF THEM , OF THE AREA OR AREAS , IS NECESSARY AND IN THE 14
347+INTEREST O F THE PUBLIC HEALTH , SAFETY, MORALS, OR WELFARE OF THE 15
348+RESIDENTS OF THE MUN ICIPALITY. 16
450349
451- CONDEMNATION OF LAND OR PROPERTY UNDER TH E PROVISIONS OF THIS
452-APPENDIX SHALL BE IN ACCORDAN CE WITH THE PROCEDUR E PROVIDED IN THE
453-REAL PROPERTY ARTICLE OF THE ANNOTATED CODE OF MARYLAND. WES MOORE, Governor Ch. 209
350+A1–107. PREPARATION AND APPRO VAL OF PLAN FOR URBA N RENEWAL PROJECT . 17
454351
455-– 11 –
352+ (A) IN ORDER TO CARRY OUT THE PURPOSES OF THIS APPENDIX, THE 18
353+MUNICIPALITY SHALL H AVE PREPARED AN UR BAN RENEWAL PLAN FOR BLIGHTED 19
354+AREAS IN THE MUNICIP ALITY AND SHALL APPR OVE THE PLAN FORMALL Y. THE 20
355+MUNICIPALITY SHALL H OLD A PUBLIC HEARING ON AN URBAN RENEWAL PROJECT 21
356+AFTER PUBLIC NOTICE OF IT BY PUBLICATION IN A NEWSPAPER HAVIN G A GENERAL 22
357+CIRCULATION WITHI N THE CORPORATE LIMI TS OF THE MUNICIPALI TY. THE NOTICE 23
358+SHALL DESCRIBE THE T IME, DATE, PLACE, AND PURPOSE OF THE H EARING, SHALL 24
359+GENERALLY IDENTIFY T HE URBAN RENEWAL ARE A COVERED BY THE PLA N, AND 25
360+SHALL OUTLINE THE GE NERAL SCOPE OF THE U RBAN RENEWAL PROJECT UNDER 26
361+CONSIDERATION . FOLLOWING THE HEARING , THE MUNICIPALITY MAY APPROVE AN 27
362+URBAN RENEWAL PROJEC T AND THE PLAN THERE FOR IF IT FINDS THAT: 28
456363
457-A1–110. ENCOURAGEMENT OF PRIV ATE ENTERPRISE .
364+ (1) A FEASIBLE METHOD EXIS TS FOR THE LOCATION OF ANY 29
365+FAMILIES OR NATURAL PERSONS WHO WILL BE DISPLACED FROM THE U RBAN 30
366+RENEWAL AREA IN DECE NT, SAFE, AND SANITARY DWELLIN G ACCOMMODATIONS 31
367+WITHIN THEIR MEANS A ND WITHOUT UNDUE HAR DSHIP TO THE FAMILIE S OR 32
368+NATURAL PERSONS ; 33 HOUSE BILL 825 9
458369
459- THE MUNICIPALITY , TO THE EXTENT IT DET ERMINES TO BE FEASIB LE IN
460-CARRYING OUT THE PRO VISIONS OF THIS APPENDIX , SHALL AFFORD MAXIMUM
461-OPPORTUNITY TO THE R EHABILITATION OR RED EVELOPMENT OF ANY UR BAN
462-RENEWAL AREA BY PRIV ATE ENTERPRISE CONSI STENT WITH THE SOUND NEEDS OF
463-THE MUNICIPALITY AS A WHOLE. THE MUNICIPALITY SHAL L GIVE CONSIDERATION
464-TO THIS OBJEC TIVE IN EXERCISING I TS POWERS UNDER THIS APPENDIX.
465370
466-A1–111. GENERAL OBLIGATION BO NDS.
467371
468- FOR THE PURPOSE OF FI NANCING AND CARRYING OUT AN URBAN RENEWAL
469-PROJECT AND RELATED ACTIVITIES, THE MUNICIPALITY MAY ISSUE AND SELL ITS
470-GENERAL OBLIGATION B ONDS. ANY BONDS ISSUED BY THE MUN ICIPALITY
471-PURSUANT TO THIS SEC TION SHALL BE ISSUED IN THE MANNER AND WI THIN THE
472-LIMITATIONS PRESCRIB ED BY APPLICABLE LAW FOR THE ISSUANCE AND
473-AUTHORIZATION OF GEN ERAL OBLIGATION BOND S BY THE MUNICIPALIT Y, AND
474-ALSO WITHIN LIMITATI ONS DETERMINED BY THE MUNIC IPALITY.
372+ (2) THE URBAN RENEWAL PLA N CONFORMS SUBSTANTI ALLY TO THE 1
373+MASTER PLAN OF THE M UNICIPALITY AS A WHO LE; AND 2
475374
476-A1–112. REVENUE BONDS .
375+ (3) THE URBAN RENEWAL PLA N WILL AFFORD MAXIMU M 3
376+OPPORTUNITY , CONSISTENT WITH THE SOUND NEEDS OF THE M UNICIPALITY AS A 4
377+WHOLE, FOR THE REHABILITATI ON OR REDEVELOPMENT OF THE URBAN RENEWAL 5
378+AREA BY PRIVATE ENTE RPRISE. 6
477379
478- (A) IN ADDITION TO THE AU THORITY CONFERRED BY SECTION A1–111 OF
479-THIS APPENDIX, THE MUNICIPALITY MAY ISSUE REVENUE BONDS TO FINANCE THE
480-UNDERTAKING OF ANY U RBAN RENEWAL PROJECT AND RELATED ACTIVITI ES. ALSO,
481-IT MAY ISSUE REFUNDI NG BONDS FOR THE PAY MENT OR RETIREMENT O F THE
482-BONDS ISSUED PREVIOU SLY BY IT. THE BONDS SHALL BE MA DE PAYABLE, AS TO
483-BOTH PRINCIPAL AND I NTEREST, SOLELY FROM THE INCO ME, PROCEEDS,
484-REVENUES, AND FUNDS OF THE MUN ICIPALITY DERIVED FR OM OR HELD IN
485-CONNECTION WITH THE UNDERTAKING AND CARR YING OUT OF URBAN RE NEWAL
486-PROJECTS UNDER THIS APPENDIX. HOWEVER, PAYMENT OF THE BONDS , BOTH AS
487-TO PRINCIPAL AND INT EREST, MAY BE FURTHER SECUR ED BY A PLEDGE OF AN Y
488-LOAN, GRANT, OR CONTRIBUTION FROM THE FEDERAL GOVERNMENT OR OTHER
489-SOURCE, IN AID OF ANY URBAN RENEWAL PROJECTS OF THE MUNICIPALITY UND ER
490-THIS APPENDIX, AND BY A MORTGAGE OF ANY URBAN RENEWAL PR OJECT, OR ANY
491-PART OF A PROJECT , TITLE TO WHICH IS IN THE MUNICIPALITY . IN ADDITION, THE
492-MUNICIPALITY M AY ENTER INTO AN IND ENTURE OF TRUST WITH ANY PRIVATE
493-BANKING INSTITUTION OF THIS STATE HAVING TRUST PO WERS AND MAY MAKE IN
494-THE INDENTURE OF TRU ST COVENANTS AND COM MITMENTS REQUIRED BY ANY
495-PURCHASER FOR THE AD EQUATE SECURITY OF T HE BONDS.
380+ (B) AN URBAN RENEWAL PLAN MAY BE MODIFIED AT ANY TIME . IF 7
381+MODIFIED AFTER THE L EASE OR SALE OF REAL PROPERTY IN THE URBA N RENEWAL 8
382+PROJECT AREA , THE MODIFICATION MAY BE CONDITIONED ON WH ATEVER 9
383+APPROVAL OF THE OWNE R, LESSEE, OR SUCCESSOR IN INTE REST AS THE 10
384+MUNICIPALITY CONSIDE RS ADVISABLE. IN ANY EVENT, IT SHALL BE SUBJECT TO 11
385+WHATEVER RIGHTS AT L AW OR IN EQUITY AS A LESSEE OR PURCHASER , OR THE 12
386+SUCCESSOR OR SUCCESS ORS IN INTEREST , MAY BE ENTITLED TO A SSERT. WHERE 13
387+THE PROPOSED MODIFIC ATION WILL CHANGE SU BSTANTIALLY THE URBA N 14
388+RENEWAL PLAN AS APP ROVED PREVIOUSLY BY THE MUNICIPALITY , THE 15
389+MODIFICATION SHALL B E APPROVED FORMALLY BY THE MUNICIPALITY , AS IN THE 16
390+CASE OF AN ORIGINAL PLAN. 17
496391
497- (B) BONDS ISSUED UNDER THIS SECTION D O NOT CONSTITUTE AN
498-INDEBTEDNESS WITHIN THE MEANING OF ANY C ONSTITUTIONAL OR STA TUTORY Ch. 209 2023 LAWS OF MARYLAND
392+ (C) ON THE APPROVAL BY TH E MUNICIPALITY OF AN URBAN RENEWAL PLAN 18
393+OR OF ANY MODIFICATI ON OF IT, THE PLAN OR MODIFICATION SHALL B E 19
394+CONSIDERED TO BE IN FULL FORCE AND EFFEC T FOR THE RESPECTIVE URBAN 20
395+RENEWAL AREA . THE MUNICIPALITY MAY HAVE THE PLAN OR MOD IFICATION 21
396+CARRIED OUT IN ACCOR DANCE WITH ITS TERMS . 22
499397
500-– 12 –
501-DEBT LIMITATION OR R ESTRICTION, ARE NOT SUBJECT TO T HE PROVISIONS OF ANY
502-OTHER LAW OR CHARTER RELATING TO THE AUTH ORIZATION, ISSUANCE, OR SALE
503-OF BONDS, AND ARE EXEMPTED SPE CIFICALLY FROM THE R ESTRICTIONS
504-CONTAINED IN §§ 19–205 AND 19–206 OF THE LOCAL GOVERNMENT ARTICLE OF
505-THE ANNOTATED CODE OF MARYLAND. BONDS ISSUED UNDER TH E PROVISIONS OF
506-THIS APPENDIX ARE DE CLARED TO BE ISSUED FOR AN ESSENTIAL PUB LIC AND
507-GOVERNMENTAL PURPOSE AND, TOGETHER WITH INTERE ST ON THEM AND INCOM E
508-FROM THEM, ARE EXEMPT FROM ALL TAXES.
398+A1–108. DISPOSAL OF PROPERTY IN URBAN RENEWAL ARE A. 23
509399
510- (C) BONDS ISSUED UNDER TH IS SECTION SHALL BE AUTHORIZED BY
511-RESOLUTION OR ORDINA NCE OF THE LEGISLATI VE BODY OF THE MUNIC IPALITY.
512-THEY MAY BE ISSUED IN ONE OR MORE SERIES AND SHALL :
400+ (A) THE MUNICIPALITY , BY ORDINANCE , MAY SELL, LEASE, OR OTHERWISE 24
401+TRANSFER REAL PROPER TY OR ANY INTEREST I N IT ACQUIRED BY IT FOR AN URBAN 25
402+RENEWAL PROJECT TO A NY PERSON FOR RESIDE NTIAL, RECREATIONAL , 26
403+COMMERCIAL , INDUSTRIAL, EDUCATIONAL , OR OTHER USES OR FOR PUBLIC USE, OR 27
404+IT MAY RETAIN THE PR OPERTY OR INTEREST F OR PUBLIC USE , IN ACCORDANCE 28
405+WITH THE URBAN RENEW AL PLAN AND SUBJECT TO WHATEVER COVENANT S, 29
406+CONDITIONS, AND RESTRICTIONS , INCLUDING COVENANTS RUNNING WITH THE 30
407+LAND, AS IT CONSIDERS NECE SSARY OR DESIRABLE TO ASSIST IN PREVENT ING THE 31
408+DEVELOPMENT OR SPREA D OF FUTURE BLIGHTED AREAS OR TO OTHERWIS E CARRY 32
409+OUT THE PURPOSES OF THIS APPENDIX. THE PURCHASERS OR LES SEES AND THEIR 33
410+SUCCESSORS AND ASSIG NS SHALL BE OBLIGATE D TO DEVOTE THE REAL PROPERTY 34
411+ONLY TO THE USES S PECIFIED IN THE URBA N RENEWAL PLAN AND M AY BE 35
412+OBLIGATED TO COMPLY WITH WHATEVER OTHER REQUIREMENTS THE 36
413+MUNICIPALITY DETERMI NES TO BE IN THE PUB LIC INTEREST, INCLUDING THE 37
414+OBLIGATION TO BEGIN WITHIN A REASONABLE TIME ANY IMPROVEMENT S ON THE 38 10 HOUSE BILL 825
513415
514- (1) BEAR A DATE OR DATES ;
515416
516- (2) MATURE AT A TIME OR T IMES;
417+REAL PROPERTY RE QUIRED BY THE URBAN RENEWAL PLAN . THE REAL PROPERTY 1
418+OR INTEREST MAY NOT BE SOLD, LEASED, OTHERWISE TRANSFERRE D, OR RETAINED 2
419+AT LESS THAN ITS FAI R VALUE FOR USES IN ACCORDANCE WITH THE URBAN 3
420+RENEWAL PLAN . IN DETERMINING THE FA IR VALUE OF REAL PRO PERTY FOR U SES 4
421+IN ACCORDANCE WITH T HE URBAN RENEWAL PLA N, THE MUNICIPALITY SHA LL TAKE 5
422+INTO ACCOUNT AND GIV E CONSIDERATION TO T HE USES PROVIDED IN THE PLAN, 6
423+THE RESTRICTIONS ON , AND THE COVENANTS , CONDITIONS, AND OBLIGATIONS 7
424+ASSUMED BY THE PURCH ASER OR LESSEE OR BY THE MUNICIPALITY RETAI NING THE 8
425+PROPERTY, AND THE OBJECTIVES O F THE PLAN FOR THE P REVENTION OF THE 9
426+RECURRENCE OF BLIGHT ED AREAS. IN ANY INSTRUMENT OR CONVEYANCE TO A 10
427+PRIVATE PURCHASER OR LESSEE, THE MUNICIPALITY MAY PROVIDE THAT THE 11
428+PURCHASER OR LESSEE MAY NOT SELL, LEASE, OR OTHERWISE TRANSFE R THE REAL 12
429+PROPERTY WITHOUT THE PRIOR WRITTEN CONSEN T OF THE MUNICIPALIT Y UNTIL 13
430+THE PURCHASER OR LES SEE HAS COMPLETED TH E CONSTRUCTION OF AN Y OR ALL 14
431+IMPROVEMENTS WHICH T HE PURCHASER OR LESS EE HAS BEEN OBLIGATE D TO 15
432+CONSTRUCT ON THE PROPERTY . REAL PROPERTY ACQUIRE D BY THE MUNICIPALIT Y 16
433+WHICH, IN ACCORDANCE WITH T HE PROVISIONS OF THE URBAN RENEWAL PLAN , IS 17
434+TO BE TRANSFERRED , SHALL BE TRANSFERRED AS RAPIDLY AS FEASIB LE IN THE 18
435+PUBLIC INTEREST CONS ISTENT WITH THE CARR YING OUT OF THE PROVISIONS OF 19
436+THE URBAN RENEWAL PL AN. ANY CONTRACT FOR THE TRANSFER AND THE URB AN 20
437+RENEWAL PLAN (OR ANY PART OR PARTS OF THE CONTRACT OR P LAN AS THE 21
438+MUNICIPALITY DETERMI NES) MAY BE RECORDED IN T HE LAND RECORDS OF T HE 22
439+COUNTY IN WHICH THE MUNICIPALITY IS SITUATED IN A MANNER SO AS TO AFFORD 23
440+ACTUAL OR CONSTRUCTI VE NOTICE OF IT. 24
517441
518- (3) BEAR INTEREST AT A RA TE OR RATES;
442+ (B) THE MUNICIPALITY , BY ORDINANCE , MAY DISPOSE OF REAL PROPERTY 25
443+IN AN URBAN RENEWAL AREA TO PRIVATE PERS ONS. THE MUNICIPALITY MAY , BY 26
444+PUBLIC NOTICE BY PUB LICATION IN A NEWSPA PER HAVING A GENERAL 27
445+CIRCULATION IN THE C OMMUNITY, INVITE PROPOSALS FRO M AND MAKE AVAILABLE 28
446+ALL PERTINENT INFORM ATION TO PRIVATE RED EVELOPERS OR ANY PER SONS 29
447+INTERESTED IN UNDERT AKING TO REDEVELOP O R REHABILITATE AN UR BAN 30
448+RENEWAL AREA , OR ANY PART THEREOF . THE NOTICE SHALL IDENTIFY THE AREA, 31
449+OR PORTION THEREOF , AND SHALL STATE THAT PROPOSALS SHALL BE M ADE BY 32
450+THOSE INTERESTED WIT HIN A SPECIFIED PERI OD. THE MUNICIPALITY SHAL L 33
451+CONSIDER ALL REDEVEL OPMENT OR REHABILITA TION PROPOSALS AND T HE 34
452+FINANCIAL AND LEGAL ABILITY OF THE PERSONS MAKIN G PROPOSALS TO CARRY 35
453+THEM OUT, AND MAY NEGOTIATE WI TH ANY PERSONS FOR P ROPOSALS FOR THE 36
454+PURCHASE, LEASE, OR OTHER TRANSFER OF ANY REAL PROPERTY AC QUIRED BY 37
455+THE MUNICIPALITY IN THE URBAN RENEWAL AR EA. THE MUNICIPALITY MAY ACCEPT 38
456+ANY PROPOSAL AS IT DEEMS TO BE IN THE PUBLIC INT EREST AND IN FURTHER ANCE 39
457+OF THE PURPOSES OF T HIS APPENDIX. THEREAFTER , THE MUNICIPALITY MAY 40
458+EXECUTE AND DELIVER CONTRACTS, DEEDS, LEASES, AND OTHER INSTRUMENT S 41
459+AND TAKE ALL STEPS N ECESSARY TO EFFECTUA TE THE TRANSFER S. 42 HOUSE BILL 825 11
519460
520- (4) BE IN A DENOMINATION OR DENOMINATIONS ;
521461
522- (5) BE IN A FORM EITHER W ITH OR WITHOUT COUPO N OR
523-REGISTERED;
524462
525- (6) CARRY A CONVERSION OR REGISTRATION PRIVILE GE;
463+ (C) THE MUNICIPALITY MAY OPERATE TEMPORARILY AND MAINTAIN REAL 1
464+PROPERTY ACQUIRED BY IT IN AN URBAN RENEW AL AREA FOR OR IN CO NNECTION 2
465+WITH AN URBAN RENEWA L PROJECT PENDING TH E DISPOSITION OF THE PROPERTY 3
466+AS AUTHORIZED IN THI S APPENDIX, WITHOUT REGARD T O THE PROVISIONS OF 4
467+SUBSECTION (A) OF THIS SECTION , FOR USES AND PURPOSE S CONSIDERED 5
468+DESIRABLE EVEN THOUG H NOT IN CONFORMITY WITH THE URBAN RENEW AL PLAN. 6
526469
527- (7) HAVE A RANK OR PRIORI TY;
470+ (D) ANY INSTRUMENT EXECUT ED BY THE MUNICIPALI TY AND PURPORTING 7
471+TO CONVEY ANY RIGHT , TITLE, OR INTERE ST IN ANY PROPERTY U NDER THIS 8
472+APPENDIX SHALL BE PR ESUMED CONCLUSIVELY TO HAVE BEEN EXECUTE D IN 9
473+COMPLIANCE WITH THE PROVISIONS OF THIS A PPENDIX INSOFAR AS T ITLE OR 10
474+OTHER INTEREST OF AN Y BONA FIDE PURCHASE RS, LESSEES, OR TRANSFEREES OF 11
475+THE PROPERTY IS CONC ERNED. 12
528476
529- (8) BE EXECUTED IN A MANN ER;
477+A1–109. EMINENT DOMAIN . 13
530478
531- (9) BE PAYABLE IN A MEDIU M OF PAYMENT , AT A PLACE OR PLACES ,
532-AND BE SUBJECT TO TE RMS OF REDEMPTION (WITH OR WITHOUT PREM IUM);
479+ CONDEMNATION OF LAND OR PROPERTY UNDER TH E PROVISIONS OF THIS 14
480+APPENDIX SHALL BE IN ACCORDANCE WITH THE PROCEDURE PROVIDED I N THE 15
481+REAL PROPERTY ARTICLE OF THE ANNOTATED CODE OF MARYLAND. 16
533482
534- (10) BE SECURED IN A MANNER ; AND
483+A1–110. ENCOURAGEMENT OF PRIV ATE ENTERPRISE. 17
535484
536- (11) HAVE OTHER CHARACTERI STICS, AS ARE PROVIDED BY T HE
537-RESOLUTION, TRUST INDENTURE , OR MORTGAGE ISSUED P URSUANT TO IT.
485+ THE MUNICIPALITY , TO THE EXTENT IT DET ERMINES TO BE FEASIB LE IN 18
486+CARRYING OUT THE PRO VISIONS OF THIS APPE NDIX, SHALL AFFORD MAXIMUM 19
487+OPPORTUNITY TO THE R EHABILITATION OR RED EVELOPMENT OF ANY UR BAN 20
488+RENEWAL AREA BY PRIV ATE ENTERPRISE CONSI STENT WITH THE SOUND NEEDS OF 21
489+THE MUNICIPALITY AS A WHOLE. THE MUNICIPALITY SHAL L GIVE CONSIDERATION 22
490+TO THIS OBJECTIVE IN EXERCISING ITS POWER S UNDER THIS APPENDI X. 23
538491
539- (D) THESE BONDS MAY NOT B E SOLD AT LESS THAN PAR VALUE AT PUBLIC
540-SALES WHICH ARE HELD AFTER NOTICE IS PUBL ISHED PRIOR TO THE SA LE IN A
541-NEWSPAPER HAVING A G ENERAL CIRCULATION I N THE AREA IN WHICH THE
542-MUNICIPALITY IS LOCA TED AND IN WHATEVER OTHER MEDIUM OF PUBL ICATION AS
543-THE MUNICIPALITY MAY DETERMINE. THE BONDS MAY BE EXCH ANGED ALSO FOR WES MOORE, Governor Ch. 209
492+A1–111. GENERAL OBLIGATION BO NDS. 24
544493
545-– 13 –
546-OTHER BONDS ON THE B ASIS OF PAR. HOWEVER, THE BONDS MAY NOT BE SOLD TO
547-THE FEDERAL GOVERNME NT AT PRIVATE SALE A T LESS THAN PAR , AND, IN THE
548-EVENT LESS THAN ALL OF THE AUTHORIZED PR INCIPAL AMOUNT OF TH E BONDS IS
549-SOLD TO THE FEDERAL GOVERNMENT , THE BALANCE MAY NOT BE SOLD AT PRIVATE
550-SALE AT LESS THAN PA R AT AN INTEREST COS T TO THE MUNICIPALIT Y WHICH DOES
551-NOT EXCEED THE INTER EST COST TO THE MUNI CIPALITY OF THE PORT ION OF THE
552-BONDS SOLD TO THE FE DERAL GOVERNMENT .
494+ FOR THE PURPOSE OF FI NANCING AND CARRYING OUT AN URBAN RENEWAL 25
495+PROJECT AND RELATED AC TIVITIES, THE MUNICIPALITY MAY ISSUE AND SELL ITS 26
496+GENERAL OBLIGATION B ONDS. ANY BONDS ISSUED BY T HE MUNICIPALITY 27
497+PURSUANT TO THIS SEC TION SHALL BE ISSUED IN THE MANNER AND WI THIN THE 28
498+LIMITATIONS PRESCRIB ED BY APPLICABLE LAW FOR THE ISSU ANCE AND 29
499+AUTHORIZATION OF GEN ERAL OBLIGATION BOND S BY THE MUNICIPALIT Y, AND 30
500+ALSO WITHIN LIMITATI ONS DETERMINED BY TH E MUNICIPALITY. 31
553501
554- (E) IN CASE ANY OF THE PU BLIC OFFICIALS OF TH E MUNICIPALITY WHOSE
555-SIGNATURES APPEAR ON ANY BONDS OR COUPONS ISS UED UNDER THIS APPEN DIX
556-CEASE TO BE OFFICIAL S OF THE MUNICIPALIT Y BEFORE THE DELIVER Y OF THE
557-BONDS OR IN THE EVEN T ANY OF THE OFFICIA LS HAVE BECOME SUCH AFTER THE
558-DATE OF ISSUE OF THE M, THE BONDS ARE VALID AND BINDING OBLIGATIONS OF THE
559-MUNICIPALITY IN ACCO RDANCE WITH THEIR TE RMS. ANY PROVISION OF ANY LAW
560-TO THE CONTRARY NOTW ITHSTANDING, ANY BONDS ISSUED PUR SUANT TO THIS
561-APPENDIX ARE FULLY N EGOTIABLE.
502+A1–112. REVENUE BONDS . 32
562503
563- (F) IN ANY SUIT, ACTION, OR PROCEEDING INVOLV ING THE VALIDITY OR
564-ENFORCEABILITY OF AN Y BOND ISSUED UNDER THIS APPENDIX, OR THE SECURITY
565-FOR IT, ANY BOND WHICH RECIT ES IN SUBSTANCE THAT IT HAS BEEN ISSUED B Y THE
566-MUNICIPALITY IN CONN ECTION WITH AN URBAN RENEWAL PROJECT SHAL L BE
567-CONSIDERED CONCLUSIV ELY TO HAVE BEEN ISS UED FOR THAT PURPOSE , AND THE
568-PROJECT SHALL BE CON SIDERED CONCLUSIVELY TO HAVE BEEN PLANNED ,
569-LOCATED, AND CARRIED OUT IN A CCORDANCE WITH THE P ROVISIONS OF THIS
570-APPENDIX.
504+ (A) IN ADDITION TO THE AU THORITY CONFERRED BY SECTION A1–111 OF 33
505+THIS APPENDIX, THE MUNICIPALITY MAY ISSUE REVENUE BO NDS TO FINANCE THE 34 12 HOUSE BILL 825
571506
572- (G) ALL BANKS, TRUST COMPANIES , BANKERS, SAVINGS BANKS , AND
573-INSTITUTIONS, BUILDING AND L OAN ASSOCIATIONS , SAVINGS AND LOAN
574-ASSOCIATIONS, INVESTMENT COMPANIES , AND OTHER PERSONS CA RRYING ON A
575-BANKING OR INVESTMEN T BUSINESS; ALL INSURANCE COMPAN IES, INSURANCE
576-ASSOCIATIONS, AND OTHER PERSONS CA RRYING ON AN INSURAN CE BUSINESS; AND
577-ALL EXECUTORS , ADMINISTRATORS , CURATORS, TRUSTEES, AND OTHER
578-FIDUCIARIES, MAY LEGALLY INVEST A NY SINKING FUNDS , MONEYS, OR OTHER
579-FUNDS BELONGING TO T HEM OR WITHIN THEIR CONTROL IN ANY BONDS OR OTHER
580-OBLIGATIONS ISSUED B Y THE MUNICIPALITY P URSUANT TO THIS APPE NDIX.
581-HOWEVER, THE BONDS AND OTHER OBLIGATIONS SHALL BE SECURED BY AN
582-AGREEMENT BETWEEN TH E ISSUER AND THE FED ERAL GOVERNMENT IN W HICH THE
583-ISSUER AGREES TO BOR ROW FROM THE FEDERAL GOVERNMENT AND THE F EDERAL
584-GOVERNMENT AGREES TO LEND TO THE ISSUER , PRIOR TO THE MATURIT Y OF THE
585-BONDS OR OTHER OBLIG ATIONS, MONEYS IN AN AMOUNT WHICH (TOGETHER WITH
586-ANY OTHER MONEYS COM MITTED IRREVOCABLY T O THE PAYMENT OF PRI NCIPAL
587-AND INTEREST ON THE BONDS OR OTHER OBLIG ATIONS) WILL SUFFICE TO PAY THE
588-PRINCIPAL OF THE BON DS OR OTHER OBLIGAT IONS WITH INTEREST T O MATURITY Ch. 209 2023 LAWS OF MARYLAND
589507
590-– 14 –
591-ON THEM. THE MONEYS UNDER THE TERMS OF THE AGREEME NT SHALL BE
592-REQUIRED TO BE USED FOR THE PURPOSE OF P AYING THE PRINCIPAL OF AND THE
593-INTEREST ON THE BOND S OR OTHER OBLIGATIO NS AT THEIR MATURITY . THE BONDS
594-AND OTHER OBLIGATION S SHALL BE AUTHORIZE D SECURITY FOR ALL P UBLIC
595-DEPOSITS. THIS SECTION AUTHORIZ ES ANY PERSONS OR PU BLIC OR PRIVATE
596-POLITICAL SUBDIVISIO NS AND OFFICERS TO U SE ANY FUNDS OWNED O R
597-CONTROLLED BY THEM F OR THE PURCHASE OF A NY BONDS OR OTHER
598-OBLIGATIONS. WITH REGARD TO LEGAL INVESTMEN TS, THIS SECTION MAY NOT BE
599-CONSTRUED TO RELIEVE ANY PERSON OF ANY DU TY OF EXERCISING REA SONABLE
600-CARE IN SELECTING SE CURITIES.
508+UNDERTAKING OF ANY U RBAN RENEWAL PROJECT AND RELATED ACTIVITI ES. ALSO, 1
509+IT MAY ISSUE REFUNDI NG BONDS FOR THE PAY MENT OR RETIREMENT O F THE 2
510+BONDS ISSUED PREVIOU SLY BY IT. THE BONDS SHALL BE MA DE PAYABLE, AS TO 3
511+BOTH PRINC IPAL AND INTEREST , SOLELY FROM THE INCO ME, PROCEEDS, 4
512+REVENUES, AND FUNDS OF THE MUN ICIPALITY DERIVED FR OM OR HELD IN 5
513+CONNECTION WITH THE UNDERTAKING AND CARR YING OUT OF URBAN RE NEWAL 6
514+PROJECTS UNDER THIS APPENDIX. HOWEVER, PAYMENT OF THE BONDS , BOTH AS 7
515+TO PRINCIPAL AND INTERES T, MAY BE FURTHER SECUR ED BY A PLEDGE OF AN Y 8
516+LOAN, GRANT, OR CONTRIBUTION FROM THE FEDERAL GOVERNME NT OR OTHER 9
517+SOURCE, IN AID OF ANY URBAN RENEWAL PROJECTS OF THE MUNICIPALITY UND ER 10
518+THIS APPENDIX, AND BY A MORTGAGE OF ANY URBAN RENEWAL PROJECT, OR ANY 11
519+PART OF A PROJECT , TITLE TO WHICH IS IN THE MUNICIPALITY . IN ADDITION, THE 12
520+MUNICIPALITY MAY ENT ER INTO AN INDENTURE OF TRUST WITH ANY PR IVATE 13
521+BANKING INSTITUTION OF THIS STATE HAVING TRUST PO WERS AND MAY MAKE IN 14
522+THE INDENTURE OF TRU ST COVENANTS AND COMMITMENTS REQUIRED BY ANY 15
523+PURCHASER FOR THE AD EQUATE SECURITY OF T HE BONDS. 16
601524
602-A1–113. SHORT TITLE.
525+ (B) BONDS ISSUED UNDER TH IS SECTION DO NOT CO NSTITUTE AN 17
526+INDEBTEDNESS WITHIN THE MEANING OF ANY C ONSTITUTIONAL OR STA TUTORY 18
527+DEBT LIMITATION OR R ESTRICTION, ARE NOT SUB JECT TO THE PROVISIO NS OF ANY 19
528+OTHER LAW OR CHARTER RELATING TO THE AUTH ORIZATION, ISSUANCE, OR SALE 20
529+OF BONDS , AND ARE EXEMPTED SPE CIFICALLY FROM THE R ESTRICTIONS 21
530+CONTAINED IN §§ 19–205 AND 19–206 OF THE LOCAL GOVERNMENT ARTICLE OF 22
531+THE ANNOTATED CODE OF MARYLAND. BONDS ISSUED UNDER TH E PROVISIONS OF 23
532+THIS APPENDIX ARE DE CLARED TO BE ISSUED FOR AN ESSENTIAL PUB LIC AND 24
533+GOVERNMENTAL PURPOSE AND, TOGETHER WITH INTERE ST ON THEM AND INCOM E 25
534+FROM THEM, ARE EXEMPT FROM ALL TAXES. 26
603535
604- THIS APPENDIX SHALL B E KNOWN AND MAY BE C ITED AS THE FOREST
605-HEIGHTS URBAN RENEWAL AUTHORITY FOR BLIGHT CLEARANCE ACT.
536+ (C) BONDS ISSUED UNDER TH IS SECTION SHALL BE AUTHORIZED BY 27
537+RESOLUTION OR ORDINA NCE OF THE LEGISLATI VE BODY OF THE MUNIC IPALITY. 28
538+THEY MAY BE ISSUED IN ONE OR MORE SERIES A ND SHALL: 29
606539
607-A1–114. AUTHORITY TO AMEND OR REPEAL.
540+ (1) BEAR A DATE OR DATES ; 30
608541
609- THIS APPENDIX, ENACTED PURSUANT TO ARTICLE III, SECTION 61 OF THE
610-MARYLAND CONSTITUTION, MAY BE AMENDED OR RE PEALED ONLY BY THE
611-GENERAL ASSEMBLY OF MARYLAND.
542+ (2) MATURE AT A TIME OR T IMES; 31
612543
613- SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
614-October 1, 2023.
544+ (3) BEAR INTEREST AT A RA TE OR RATES; 32
615545
616-Approved by the Governor, April 24, 2023.
546+ (4) BE IN A DENOMINATION OR DENOMINATIONS ; 33
547+
548+ (5) BE IN A FORM EITHER W ITH OR WITHOUT COUPO N OR 34
549+REGISTERED; 35
550+
551+ (6) CARRY A CONVERSION OR REGISTRATION PRIVILE GE; 36 HOUSE BILL 825 13
552+
553+
554+
555+ (7) HAVE A RANK OR PRIORI TY; 1
556+
557+ (8) BE EXECUTED IN A MANN ER; 2
558+
559+ (9) BE PAYABLE IN A MEDIU M OF PAYMENT, AT A PLACE OR PLACES , 3
560+AND BE SUBJECT TO TE RMS OF REDEMPTION (WITH OR WITHOUT PREM IUM); 4
561+
562+ (10) BE SECURED IN A MANNE R; AND 5
563+
564+ (11) HAVE OTHER CHARACTERI STICS, AS ARE PROVIDED BY T HE 6
565+RESOLUTION, TRUST INDENTURE , OR MORTGAGE ISSUED P URSUANT TO IT. 7
566+
567+ (D) THESE BONDS MAY NOT B E SOLD AT LESS THAN PAR VALUE AT PUBLIC 8
568+SALES WHICH ARE HELD AFTER NOTICE IS PUBL ISHED PRIOR TO THE S ALE IN A 9
569+NEWSPAPER HAVING A G ENERAL CIRCULATION I N THE AREA IN WHICH THE 10
570+MUNICIPALITY IS LOCA TED AND IN WHATEVER OTHER MEDIUM OF P UBLICATION AS 11
571+THE MUNICIPALITY MAY DETERMINE. THE BONDS MAY BE EXCH ANGED ALSO FOR 12
572+OTHER BONDS ON THE B ASIS OF PAR. HOWEVER, THE BONDS MAY NOT BE SOLD TO 13
573+THE FEDERAL GOVERNME NT AT PRIVATE SALE A T LESS THAN PAR , AND, IN THE 14
574+EVENT LESS THAN ALL OF THE AUTHORI ZED PRINCIPAL AMOUNT OF THE BONDS IS 15
575+SOLD TO THE FEDERAL GOVERNMENT , THE BALANCE MAY NOT BE SOLD AT PRIVATE 16
576+SALE AT LESS THAN PA R AT AN INTEREST COS T TO THE MUNICIPALIT Y WHICH DOES 17
577+NOT EXCEED THE INTER EST COST TO THE MUNI CIPALITY OF THE PORT ION OF THE 18
578+BONDS SOLD TO THE FEDERA L GOVERNMENT . 19
579+
580+ (E) IN CASE ANY OF THE PU BLIC OFFICIALS OF TH E MUNICIPALITY WHOSE 20
581+SIGNATURES APPEAR ON ANY BONDS OR COUPONS ISSUED UNDER THIS AP PENDIX 21
582+CEASE TO BE OFFICIAL S OF THE MUNICIPALIT Y BEFORE THE DELIVER Y OF THE 22
583+BONDS OR IN THE EVENT ANY OF THE OFF ICIALS HAVE BECOME S UCH AFTER THE 23
584+DATE OF ISSUE OF THE M, THE BONDS ARE VALID AND BINDING OBLIGATI ONS OF THE 24
585+MUNICIPALITY IN ACCO RDANCE WITH THEIR TE RMS. ANY PROVISION OF ANY LAW 25
586+TO THE CONTRARY NOTW ITHSTANDING, ANY BONDS ISSUED PUR SUANT TO THIS 26
587+APPENDIX ARE FULLY N EGOTIABLE. 27
588+
589+ (F) IN ANY SUIT, ACTION, OR PROCEEDING INVOLV ING THE VALIDITY OR 28
590+ENFORCEABILITY OF AN Y BOND ISSUED UNDER THIS APPENDIX, OR THE SECURITY 29
591+FOR IT, ANY BOND WHICH RECIT ES IN SUBSTANCE THAT IT HAS BEEN ISSUED B Y THE 30
592+MUNICIPALITY IN CONNECT ION WITH AN URBAN RE NEWAL PROJECT SHALL BE 31
593+CONSIDERED CONCLUSIV ELY TO HAVE BEEN ISS UED FOR THAT PURPOSE , AND THE 32
594+PROJECT SHALL BE CON SIDERED CONCLUSIVELY TO HAVE BEEN PLANNED , 33
595+LOCATED, AND CARRIED OUT IN A CCORDANCE WITH THE P ROVISIONS O F THIS 34
596+APPENDIX. 35
597+ 14 HOUSE BILL 825
598+
599+
600+ (G) ALL BANKS, TRUST COMPANIES , BANKERS, SAVINGS BANKS , AND 1
601+INSTITUTIONS, BUILDING AND LOAN AS SOCIATIONS, SAVINGS AND LOAN 2
602+ASSOCIATIONS, INVESTMENT COMPANIES , AND OTHER PERSONS CA RRYING ON A 3
603+BANKING OR INVESTMEN T BUSINESS; ALL INSURANCE COMPANIES, INSURANCE 4
604+ASSOCIATIONS, AND OTHER PERSONS CA RRYING ON AN INSURAN CE BUSINESS; AND 5
605+ALL EXECUTORS , ADMINISTRATORS , CURATORS, TRUSTEES, AND OTHER 6
606+FIDUCIARIES, MAY LEGALLY INVEST A NY SINKING FUNDS , MONEYS, OR OTHER 7
607+FUNDS BELONGING TO T HEM OR WITHIN T HEIR CONTROL IN ANY BONDS OR OTHER 8
608+OBLIGATIONS ISSUED B Y THE MUNICIPALITY P URSUANT TO THIS APPE NDIX. 9
609+HOWEVER, THE BONDS AND OTHER OBLIGATIONS SHALL BE SECURED BY AN 10
610+AGREEMENT BETWEEN TH E ISSUER AND THE FED ERAL GOVERNMENT IN W HICH THE 11
611+ISSUER AGREES TO BOR ROW FROM THE FEDERAL G OVERNMENT AND THE FE DERAL 12
612+GOVERNMENT AGREES TO LEND TO THE ISSUER , PRIOR TO THE MATURIT Y OF THE 13
613+BONDS OR OTHER OBLIG ATIONS, MONEYS IN AN AMOUNT WHICH (TOGETHER WITH 14
614+ANY OTHER MONEYS COM MITTED IRREVOCABLY T O THE PAYMENT OF PRI NCIPAL 15
615+AND INTEREST ON THE BOND S OR OTHER OBLIGATIO NS) WILL SUFFICE TO PAY THE 16
616+PRINCIPAL OF THE BON DS OR OTHER OBLIGATI ONS WITH INTEREST TO MATURITY 17
617+ON THEM. THE MONEYS UNDER THE TERMS OF THE AGREEME NT SHALL BE 18
618+REQUIRED TO BE USED FOR THE PURPOSE OF P AYING THE PRINCI PAL OF AND THE 19
619+INTEREST ON THE BOND S OR OTHER OBLIGATIO NS AT THEIR MATURITY . THE BONDS 20
620+AND OTHER OBLIGATION S SHALL BE AUTHORIZE D SECURITY FOR ALL P UBLIC 21
621+DEPOSITS. THIS SECTION AUTHORIZ ES ANY PERSONS OR PU BLIC OR PRIVATE 22
622+POLITICAL SUBDIVISIO NS AND OFFICERS TO USE ANY FUNDS OWN ED OR 23
623+CONTROLLED BY THEM F OR THE PURCHASE OF A NY BONDS OR OTHER 24
624+OBLIGATIONS. WITH REGARD TO LEGAL INVESTMENTS , THIS SECTION MAY NOT BE 25
625+CONSTRUED TO RELIEVE ANY PERSON OF ANY DU TY OF EXERCISING REA SONABLE 26
626+CARE IN SELECTING SE CURITIES. 27
627+
628+A1–113. SHORT TITLE. 28
629+
630+ THIS APPENDIX SHALL B E KNOWN AND MAY BE C ITED AS THE FOREST 29
631+HEIGHTS URBAN RENEWAL AUTHORITY FOR BLIGHT CLEARANCE ACT. 30
632+
633+A1–114. AUTHORITY TO AMEND OR REPEAL. 31
634+
635+ THIS APPENDIX, ENACTED PURSUANT TO ARTICLE III, SECTION 61 OF THE 32
636+MARYLAND CONSTITUTION, MAY BE AMENDED OR RE PEALED ONLY BY THE 33
637+GENERAL ASSEMBLY OF MARYLAND. 34
638+
639+ SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect 35
640+October 1, 2023. 36
641+