Maryland 2023 Regular Session

Maryland Senate Bill SB313 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
1		-	WES MOORE, Governor Ch. 125
2	1
3		-	– 1 –
4		-	Chapter 125
5		-	(Senate Bill 313)
6	2
7		-	AN ACT concerning
	3	+	EXPLANATION: CAPITALS INDICATE MAT TER ADDED TO EXISTIN G LAW.
	4	+	[Brackets] indicate matter deleted from existing law.
	5	+	Underlining indicates amendments to bill.
	6	+	Strike out indicates matter stricken from the bill by amendment or deleted from the law by
	7	+	amendment.
	8	+	sb0313
8	9
9		-	Town of Mount Airy (Carroll County and Frederick County) – Urban Renewal
10		-	Authority
	10	+	SENATE BILL 313
	11	+	L3 3lr1132
	12	+	HB 1385/20 – ENT CF HB 561
	13	+	By: Carroll County Senators
	14	+	Introduced and read first time: January 27, 2023
	15	+	Assigned to: Budget and Taxation
	16	+	Re–referred to: Education, Energy, and the Environment, February 9, 2023
	17	+	Committee Report: Favorable
	18	+	Senate action: Adopted
	19	+	Read second time: February 16, 2023
11	20
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.
	21	+	CHAPTER ______
19	22
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)
	23	+	AN ACT concerning 1
26	24
27		-	~~SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY~~ OF ~~MARYLAND,~~
28		-	~~That the Laws of Maryland read as follows:~~
	25	+	Town of Mount Airy (Carroll County and Frederick County) – Urban Renewal 2
	26	+	Authority 3
29	27
30		-	Chapter 99 – Charter of the Town of Mount Airy
	28	+	FOR the purpose of granting the Town of Mount Airy in Carroll County and Frederick 4
	29	+	County the authority to exercise urban renewal powers within an urban renewal 5
	30	+	area under Article III, Section 61 of the Maryland Constitution; authorizing the 6
	31	+	municipality to levy certain taxes and issue general obligation bonds and revenue 7
	32	+	bonds to carry out urban renewal powers; and generally relating to urban renewal 8
	33	+	authority for slum and blight clearance for the Town of Mount Airy in Carroll County 9
	34	+	and Frederick County. 10
31	35
32		-	APPENDIX I – URBAN RENEWAL AUTHORITY FOR SLUM CLEARANCE
	36	+	BY adding to 11
	37	+	Chapter 99 – Charter of the Town of Mount Airy 12
	38	+	Section A1–101 through A1–114 to be under the new heading “Appendix I – Urban 13
	39	+	Renewal Authority for Slum Clearance” 14
	40	+	Public Local Laws of Maryland – Compilation of Municipal Charters 15
	41	+	(2014 Replacement Edition, Revisions Current as of November 2021) 16
33	42
34		-	A1–101. DEFINITIONS.
	43	+	SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, 17
	44	+	That the Laws of Maryland read as follows: 18
35	45
36		-	(A) IN THIS APPENDIX THE FO LLOWING WORDS HAVE T HE MEANINGS
37		-	INDICATED.
	46	+	Chapter 99 – Charter of the Town of Mount Airy 19
38	47
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 .
	48	+	APPENDIX I – URBAN RENEWAL AUTHORITY FOR SLUM CLEARANCE 20 2 SENATE BILL 313
43	49
44		-	(C) “BONDS” MEANS ANY BONDS (INCLUDING REFUNDING BONDS), NOTES,
45		-	INTERIM CERTIFICATES , CERTIFICATES OF INDE BTEDNESS, DEBENTURES , OR
46		-	OTHER OBLIGATIONS .
47		-	Ch. 125 2023 LAWS OF MARYLAND
48	50
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.
53	51
54		-	~~(E) “MUNICIPALITY” MEANS THE TOWN OF MOUNT AIRY, MARYLAND~~.
	52	+	A1–101. DEFINITIONS. 1
55	53
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.
	54	+	(A) IN THIS APPENDIX THE FOLLOWING WORDS HAVE THE MEANINGS 2
	55	+	INDICATED. 3
60	56
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.
	57	+	(B) “BLIGHTED AREA ” MEANS AN AREA OR SIN GLE PROPERTY IN WHIC H 4
	58	+	THE BUILDING OR BUIL DINGS HAVE DECLINED IN PRODUCTI VITY BY REASON OF 5
	59	+	OBSOLESCENCE , DEPRECIATION , OR OTHER CAUSES TO A N EXTENT THEY NO 6
	60	+	LONGER JUSTIFY FUNDA MENTAL REPAIRS AND A DEQUATE MAINTENANCE . 7
66	61
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~~.
	62	+	(C) “BONDS” MEANS ANY BONDS (INCLUDING REFUNDING BONDS), NOTES, 8
	63	+	INTERIM CERTIFICATES , CERTIFICATES OF INDEBTE DNESS, DEBENTURES , OR 9
	64	+	OTHER OBLIGATIONS . 10
70	65
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 .
	66	+	(D) “FEDERAL GOVERNMENT ” MEANS THE UNITED STATES OF AMERICA OR 11
	67	+	ANY AGENCY OR INSTRU MENTALITY, CORPORATE OR OTHERWI SE, OF THE UNITED 12
	68	+	STATES OF AMERICA. 13
78	69
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:
	70	+	(E) “MUNICIPALITY” MEANS THE TOWN OF MOUNT AIRY, MARYLAND. 14
86	71
87		-	(1) ACQUISITION OF A S LUM AREA OR A BLIGHT ED AREA OR PORTION
88		-	OF THEM;
	72	+	(F) “PERSON” MEANS ANY INDIVIDUAL , FIRM, PARTNERSHIP , 15
	73	+	CORPORATION , COMPANY, ASSOCIATION, JOINT STOCK ASSOCIAT ION, OR BODY 16
	74	+	POLITIC. IT INCLUDES ANY TRUST EE, RECEIVER, ASSIGNEE, OR OTHER PERSON 17
	75	+	ACTING IN SIMILAR RE PRESENTATIVE CAPACIT Y. 18
89	76
90		-	(2) DEMOLITION AND REMOVA L OF BUILDINGS AND I MPROVEMENTS ;
91		-	WES MOORE, Governor Ch. 125
	77	+	(G) “SLUM AREA ” MEANS ANY AREA OR SI NGLE PROPERTY WHERE 19
	78	+	DWELLINGS PREDOMINAT E WHICH , BY REASON OF DEPRECI ATION, 20
	79	+	OVERCROWDING , FAULTY ARRANGEMENT O R DESIGN, LACK OF VENTILATION , 21
	80	+	LIGHT, OR SANITARY FACILITI ES, OR ANY COMBINATION O F THESE FACTORS , ARE 22
	81	+	DETRIMENTAL TO THE PUBLIC SAFETY, HEALTH, OR MORALS. 23
92	82
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;
	83	+	(H) “URBAN RENEWAL AREA ” MEANS A SLUM AREA OR A BLIGHTED AREA OR 24
	84	+	A COMBINATION OF THE M WHICH THE MUNICIPA LITY DESIGNATES AS A PPROPRIATE 25
	85	+	FOR AN URBAN RENEWAL PROJECT. 26
98	86
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 ;
	87	+	(I) “URBAN RENEWAL PLAN ” MEANS A PLAN , AS IT EXISTS FROM TI ME TO 27
	88	+	TIME, FOR AN URBAN RENEWAL PROJECT. THE PLAN SHALL BE SUF FICIENTLY 28
	89	+	COMPLETE TO INDICATE ANY LAND ACQUISITION , DEMOLITION, AND REMOVAL OF 29
	90	+	STRUCTURES , REDEVELOPMENT , IMPROVEMENTS , AND REHABILITATION A S MAY BE 30
	91	+	PROPOSED TO BE CARRI ED OUT IN THE URBAN REN EWAL AREA, ZONING AND 31
	92	+	PLANNING CHANGES , IF ANY, LAND USES, MAXIMUM DENSITY , AND BUILDING 32
	93	+	REQUIREMENTS . 33 SENATE BILL 313 3
103	94
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 ;
107	95
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
114	96
115		-	(7) THE PRESERVATION , IMPROVEMENT , OR EMBELLISHMENT OF
116		-	HISTORIC STRUCTURES OR MONUMENTS .
	97	+	(J) “URBAN RENEWAL PROJECT ” MEANS UNDERTAKINGS A ND ACTIVITIES 1
	98	+	OF A MUNICIPALITY IN AN URBAN RENEWAL ARE A FOR THE ELIMINATIO N AND FOR 2
	99	+	THE PREVENTION OF TH E DEVELOPMENT OR SPR EAD OF SLUMS AND BLI GHT, AND 3
	100	+	MAY INVOLVE SLUM CLE ARANCE AND REDEVELOP MENT IN AN URBAN REN EWAL 4
	101	+	AREA, OR REHABILITATION OR CONSERVATION IN AN U RBAN RENEWAL AREA , OR 5
	102	+	ANY COMBINATION OR P ART OF THEM IN ACCOR DANCE WITH AN URBAN RENEWAL 6
	103	+	PLAN. THESE UNDERTAKINGS AN D ACTIVITIES MAY INC LUDE: 7
117	104
118		-	A1–102. POWERS.
	105	+	(1) ACQUISITION OF A SLUM AREA OR A BLIGHTED A REA OR PORTION 8
	106	+	OF THEM; 9
119	107
120		-	(A) THE MUNICIPALITY MAY UNDERTAKE AND CARRY OUT URBAN RENEWAL
121		-	PROJECTS.
	108	+	(2) DEMOLITION AND REMOVA L OF BUILDINGS AND I MPROVEMENTS ; 10
122	109
123		-	(B) THESE PROJECTS SHALL BE LIMITED:
	110	+	(3) INSTALLATION , CONSTRUCTION OR RECO NSTRUCTION OF 11
	111	+	STREETS, UTILITIES, PARKS, PLAYGROUNDS , AND OTHER IMPROVEMEN TS 12
	112	+	NECESSARY FOR CARRYI NG OUT THE URBAN REN EWAL OBJECTIVES OF T HIS 13
	113	+	APPENDIX IN ACCORDAN CE WITH THE URBAN RE NEWAL PLAN; 14
124	114
125		-	(1) TO SLUM CLEARANCE IN SLUM OR BLIGHTED ARE AS AND
126		-	REDEVELOPMENT OR THE REHABILITATION OF SL UM OR BLIGHTED AREAS ;
	115	+	(4) DISPOSITION OF ANY PR OPERTY ACQUIRED IN T HE URBAN 15
	116	+	RENEWAL AREA , INCLUDING SALE , INITIAL LEASING , OR RETENTION BY THE 16
	117	+	MUNICIPALITY ITSELF , AT ITS FAIR VALUE FO R USES IN ACCORDANCE WITH THE 17
	118	+	URBAN RENEWAL PLAN ; 18
127	119
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
	120	+	(5) CARRYING OUT PLANS FO R A PROGRAM OF VOLUN TARY OR 19
	121	+	COMPULSORY REPAIR AN D REHABILITATION OF BUILDINGS OR OTHER 20
	122	+	IMPROVEMENTS IN ACCO RDANCE WITH THE URBA N RENEWAL PLAN ; 21
134	123
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. 125 2023 LAWS OF MARYLAND
	124	+	(6) ACQUISITION OF ANY OT HER REAL PROPERTY IN THE URBAN 22
	125	+	RENEWAL AREA WHERE N ECESSARY TO ELIMINAT E UNHEALTHFUL , UNSANITARY, 23
	126	+	OR UNSAFE CONDITIONS , LESSEN DENSITY , ELIMINATE OBSOLETE O R OTHER USES 24
	127	+	DETRIMENTAL TO THE PUB LIC WELFARE, OR OTHERWISE TO REMO VE OR PREVENT 25
	128	+	THE SPREAD OF BLIGHT OR DETERIORATION , OR TO PROVIDE LAND F OR NEEDED 26
	129	+	PUBLIC FACILITIES ; AND 27
137	130
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.
	131	+	(7) THE PRESERVATION , IMPROVEMENT , OR EMBELLISHMENT OF 28
	132	+	HISTORIC STRUCTURES OR MONUMENTS . 29
143	133
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 .
	134	+	A1–102. POWERS. 30
150	135
151		-	(D) ALL LAND OR PROPERTY NEEDED OR TAKEN BY T HE 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 USES AND
155		-	PURPOSES.
	136	+	(A) THE MUNICIPALITY MAY UNDERTAKE AND CARRY OUT URBAN RENEWAL 31
	137	+	PROJECTS. 32
	138	+	4 SENATE BILL 313
156	139
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 THEM.
161	140
162		-	~~A1–103. ADDITIONAL POWERS .~~
	141	+	(B) THESE PROJECTS SHALL BE LIMITED: 1
163	142
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 PUR POSES AND OBJECTS CO NTEMPLATED BY THE
168		-	PROVISIONS OF THIS S ECTION:
	143	+	(1) TO SLUM CLEARANCE IN SLUM OR BLIGHTED ARE AS AND 2
	144	+	REDEVELOPMENT OR THE REHABILITATION OF SL UM OR BLIGHTED AREAS ; 3
169	145
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 INCLU DE, BUT
173		-	ARE NOT LIMITED TO :
	146	+	(2) TO ACQUIRE IN CONNECT ION WITH THOSE PROJE CTS, WITHIN 4
	147	+	THE CORPORATE LIMITS OF THE MUNICIPALITY , LAND AND PROPERTY OF EVERY 5
	148	+	KIND AND ANY RIGHT , INTEREST, FRANCHISE, EASEMENT, OR PRIVILEGE , 6
	149	+	INCLUDING LAND OR PR OPERTY AND ANY RIGHT OR INTEREST ALREADY DEVOTED 7
	150	+	TO PUBLIC USE, BY PURCHASE, LEASE, GIFT, CONDEMNATION , OR ANY OTHER LEGAL 8
	151	+	MEANS; AND 9
174	152
175		-	(I) PLANS FOR CARRYING OU T A PROGRAM OF VOLUN TARY OR
176		-	COMPULSORY REPAIR AN D REHABILITATION OF BUILDINGS AND IMPROV EMENTS;
	153	+	(3) TO SELL, LEASE, CONVEY, TRANSFER, OR OTHERWISE DISPOSE OF 10
	154	+	ANY OF THE LAND OR P ROPERTY, REGARDLESS OF WHETHE R OR NOT IT HAS BEEN 11
	155	+	DEVELOPED , REDEVELOPED , ALTERED, OR IMPROVED AND IRRESPEC TIVE OF THE 12
	156	+	MANNER OR MEANS IN O R BY WHICH IT MAY HA VE BEEN ACQUIRED , TO ANY PRIVATE, 13
	157	+	PUBLIC, OR QUASI–PUBLIC CORPORATION , PARTNERSHIP , ASSOCIATION, PERSON, 14
	158	+	OR OTHER LEGAL ENTIT Y. 15
177	159
178		-	(II) PLANS FOR THE ENFORCE MENT OF CODES AND
179		-	REGULATIONS RELATING TO THE USE OF LAND AND THE USE AND OCCUPANCY OF
180		-	BUILDINGS AND IMPROV EMENTS AND TO THE CO MPULSORY REPAIR , WES MOORE, Governor Ch. 125
	160	+	(C) LAND OR PROPERTY TAKE N BY THE MUNICIPALIT Y FOR ANY OF THESE 16
	161	+	PURPOSES OR IN CONNE CTION WITH THE EXERC ISE OF ANY OF THE PO WERS WHICH 17
	162	+	ARE GRANTED BY THIS APPENDIX TO THE MUNI CIPALITY BY EXERCISI NG THE 18
	163	+	POWER OF EMINENT DOM AIN MAY NOT BE TAKEN WITHOUT JUST COMPENS ATION, 19
	164	+	AS AGREED ON BETWEEN THE PARTIES, OR AWARDED BY A JURY, BEING FIRST PAID 20
	165	+	OR TENDERED TO THE P ARTY ENTITLED TO THE COMPENSATION . 21
181	166
182		-	– 5 –
183		-	REHABILITATION , DEMOLITION, OR REMOVAL OF BUILDI NGS AND IMPROVEMENTS ;
184		-	AND
	167	+	(D) ALL LAND OR PROPERTY NEEDED OR TAKEN BY T HE EXERCISE OF THE 22
	168	+	POWER OF EMINENT DOM AIN BY THE MUNICIPAL ITY FOR ANY OF THESE PURPOSES 23
	169	+	OR IN CONNECTION WIT H THE EXERCI SE OF ANY OF THE POW ERS GRANTED BY THIS 24
	170	+	APPENDIX IS DECLARED TO BE NEEDED OR TAKE N FOR PUBLIC USES AN D 25
	171	+	PURPOSES. 26
185	172
186		-	(III) APPRAISALS, TITLE SEARCHES , SURVEYS, STUDIES, AND
187		-	OTHER PLANS AND WORK NECESSARY TO PREPARE FOR THE U NDERTAKING 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;
	173	+	(E) ANY OR ALL OF THE ACT IVITIES AUTHORIZED P URSUANT TO THIS 27
	174	+	APPENDIX CONSTITUTE GOVERNMENTAL FUNCTIO NS UNDERTAKEN FOR PU BLIC 28
	175	+	USES AND PURPOS ES AND THE POWER OF TAXATION MAY BE EXER CISED, PUBLIC 29
	176	+	FUNDS EXPENDED , AND PUBLIC CREDIT EX TENDED IN FURTHERANC E OF THEM. 30
191	177
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;
	178	+	A1–103. ADDITIONAL POWERS . 31
198	179
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 :
	180	+	THE MUNICIPALITY HAS THE FOLLOWING ADDITI ONAL POWERS . THESE 32
	181	+	POWERS ARE DECLARED TO BE NECESSARY AND PROPER TO CARRY INTO FULL 33
	182	+	FORCE AND EFFECT THE SPECIFIC POWERS GRAN TED IN THIS APPENDIX AND TO 34
	183	+	FULLY ACCOMPLISH THE PURPOSES AND OBJECTS CONTEMPLATED BY THE 35 SENATE BILL 313 5
202	184
203		-	(I) TO THE PAYMENT OF ANY AND ALL COSTS AND EX PENSES
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;
211	185
212		-	~~(II) TO LEVY TAXES A ND ASSESSMENTS FOR T HOSE PURPOSES ;~~
	186	+	PROVISIONS OF THIS S ECTION: 1
213	187
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 SOURCES, 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
	188	+	(1) TO MAKE OR HAVE MADE ALL SURVEYS AND PLAN S NECESSARY TO 2
	189	+	THE CARRYING OUT OF THE PURPOSES OF THIS APPENDIX AND TO ADOP T OR 3
	190	+	APPROVE, MODIFY, AND AMEND THOSE PLAN S. THESE PLANS MAY INCLU DE, BUT 4
	191	+	ARE NOT LIMITED TO : 5
220	192
221		-	(IV) TO INVEST ANY URBAN R ENEWAL FUNDS HELD IN RESERVES
222		-	OR SINKING FUNDS OR ANY OF THESE FUNDS N OT REQUIR ED FOR IMMEDIATE
223		-	DISBURSEMENT IN PROP ERTY OR SECURITIES W HICH ARE LEGAL INVES TMENTS FOR
224		-	OTHER MUNICIPAL FUND S;
225		-	Ch. 125 2023 LAWS OF MARYLAND
	193	+	(I) PLANS FOR CARRYING OU T A PROGRAM OF VOLUNTARY OR 6
	194	+	COMPULSORY REPAIR AN D REHABILITATION OF BUILDINGS AND IMPROV EMENTS; 7
226	195
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 ;
	196	+	(II) PLANS FOR THE ENFORCE MENT OF CODES AND 8
	197	+	REGULATIONS RELATING TO THE USE OF LAND A ND THE USE AND OCCUP ANCY OF 9
	198	+	BUILDINGS AND IMPROV EMENTS AND TO THE CO MPULSORY REPAIR , 10
	199	+	REHABILITATION , DEMOLITION, OR REMOVAL OF BUILDI NGS AND IMPROVEMENTS ; 11
	200	+	AND 12
231	201
232		-	(II) TO MORTGAGE, PLEDGE, HYPOTHECATE , OR OTHERWISE
233		-	ENCUMBER THAT PROPER TY; AND
	202	+	(III) APPRAISALS, TITLE SEARCHES , SURVEYS, STUDIES, AND 13
	203	+	OTHER PLANS AND WORK NECESSARY TO PREPARE FOR THE UNDERTAKING OF 14
	204	+	URBAN RENEWAL PROJEC TS AND RELATED ACTIV ITIES; AND TO APPL Y FOR, 15
	205	+	ACCEPT, AND UTILIZE GRANTS O F FUNDS FROM THE FED ERAL GOVERNMENT OR 16
	206	+	OTHER GOVERNMENTAL E NTITY FOR THOSE PURP OSES; 17
234	207
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 ;
	208	+	(2) TO PREPARE PLANS FOR THE RELOCATION OF PE RSONS 18
	209	+	(INCLUDING FAMILIES , BUSINESS CONCERNS , AND OTHERS ) DISPLACED FROM AN 19
	210	+	URBAN RENEWA L AREA, AND TO MAKE RELOCATI ON PAYMENTS TO OR WI TH 20
	211	+	RESPECT TO THOSE PER SONS FOR MOVING EXPE NSES AND LOSSES OF P ROPERTY 21
	212	+	FOR WHICH REIMBURSEM ENT OR COMPENSATION IS NOT OTHERWISE MAD E, 22
	213	+	INCLUDING THE MAKING OF PAYMENTS FINANCED BY THE FEDERAL GOVER NMENT; 23
238	214
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 ;
	215	+	(3) TO APPROPRIATE WHATEV ER FUNDS AND MAKE WH ATEVER 24
	216	+	EXPENDITURES AS MAY BE NECESSARY TO CARR Y OUT THE PURPOSES O F THIS 25
	217	+	APPENDIX, INCLUDING, BUT NOT LIMITED : 26
248	218
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 ;
	219	+	(I) TO THE PAYMENT OF ANY AND ALL COSTS AND EX PENSES 27
	220	+	INCURRED IN CONNECTI ON WITH, OR INCIDENTAL T O, THE ACQUISITION OF L AND 28
	221	+	OR PROPERTY , AND FOR THE DEMOLITI ON, REMOVAL, RELOCATION , RENOVATION , 29
	222	+	OR ALTERATION OF LAN D, BUILDINGS, STREETS, HIGHWAYS, ALLEYS, UTILITIES, OR 30
	223	+	SERVICES, AND OTHER STRUCTURES OR IMPROVEMENTS , AND FOR THE 31
	224	+	CONSTRUCTION , RECONSTRUC TION, INSTALLATION, RELOCATION, OR REPAIR OF 32
	225	+	STREETS, HIGHWAYS, ALLEYS, UTILITIES, OR SERVICES, IN CONNECTION WITH 33
	226	+	URBAN RENEWAL PROJEC TS; 34
254	227
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 ;
	228	+	(II) TO LEVY TAXES AND ASS ESSMENTS FOR THOSE P URPOSES; 35 6 SENATE BILL 313
260	229
261		-	(8) TO GENERALLY ORGANIZE , COORDINATE , AND DIRECT THE
262		-	ADMINISTRATION OF TH E PROVISIONS OF THIS APPENDIX AS THE Y 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
266	230
267		-	(9) TO EXERCISE ALL OR AN Y PART OR COMBINATIO N OF THE
268		-	POWERS GRANTED IN TH IS APPENDIX.
269		-	WES MOORE, Governor Ch. 125
270	231
271		-	– 7 –
272		-	A1–104. ESTABLISHMENT OF URBA N RENEWAL AGENCY .
	232	+	(III) TO BORROW MONEY AND T O APPLY FOR AND ACCE PT 1
	233	+	ADVANCES, LOANS, GRANTS, CONTRIBUTIONS , AND ANY OTHER FORM O F FINANCIAL 2
	234	+	ASSISTANCE FROM THE FEDERAL GOVERNMENT , THE STATE, COUNTY, OR OTHER 3
	235	+	PUBLIC BODIES, OR FROM ANY SOURCES , PUBLIC OR PRIVATE , FOR THE PURPOSES 4
	236	+	OF THIS APPENDIX , AND TO GIVE WHATEVER SECURITY AS MAY BE REQUIRED F OR 5
	237	+	THIS FINANCIAL ASSIS TANCE; AND 6
273	238
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 INTERE ST,~~ ~~ELECT TO HAVE THE PO WERS~~
277		-	~~EXERCISED BY A SEPAR ATE PUBLIC BODY OR A GENCY.~~
	239	+	(IV) TO INVEST ANY URBAN R ENEWAL FUNDS HELD IN RESERVES 7
	240	+	OR SINKING FUNDS OR ANY OF THESE FUNDS N OT REQUIRED FOR IMME DIATE 8
	241	+	DISBURSEMENT IN PROP ERTY OR SECURITIES W HICH ARE LEGAL INVES TMENTS FOR 9
	242	+	OTHER MUNICIPAL FUNDS ; 10
278	243
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 AUTHORIZED BY THIS
282		-	APPENDIX.
	244	+	(4) (I) TO HOLD , IMPROVE, CLEAR, OR PREPARE FOR 11
	245	+	REDEVELOPMENT ANY PR OPERTY ACQUIRED IN C ONNECTION WITH URBAN 12
	246	+	RENEWAL PROJECTS ; 13
283	247
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 .
	248	+	(II) TO MORTGAGE , PLEDGE, HYPOTHECATE , OR OTHERWISE 14
	249	+	ENCUMBER THAT PROPER TY; AND 15
288	250
289		-	(D) THE ~~ORDINANC E MAY INCLUDE WHATEV ER ADDITIONAL PROVIS IONS~~
290		-	~~RELATING TO THE ORGA NIZATION~~ OF THE ~~PUBL IC BODY~~ OR ~~AGENCY AS MAY BE~~
291		-	~~NECESSARY.~~
	251	+	(III) TO INSURE OR PROVIDE FOR THE INSU RANCE OF THE 16
	252	+	PROPERTY OR OPERATIO NS OF THE MUNICIPALI TY AGAINST ANY RISKS OR 17
	253	+	HAZARDS, INCLUDING THE POWER TO PAY PREMIUMS ON A NY INSURANCE ; 18
292	254
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 TH E ORDINANCE, ARE VESTED IN THE PU BLIC BODY OR AGENCY
296		-	ESTABLISHED BY THE O RDINANCE.
	255	+	(5) TO MAKE AND EXECUTE A LL CONTRACTS AND OTH ER 19
	256	+	INSTRUMENTS NECESSAR Y OR CONVENIENT TO T HE EXERCISE OF ITS POWERS 20
	257	+	UNDER THIS APPENDIX , INCLUDING THE POWER TO ENTER INTO AGREEM ENTS WITH 21
	258	+	OTHER PUBLIC BODIES OR AGENCIES (THESE AGREEMENTS MAY EXTEND OVER ANY 22
	259	+	PERIOD, NOTWITHSTANDING ANY PROVISION OR RULE OF LAW TO THE CONTRARY ), 23
	260	+	AND TO INCLUDE IN AN Y CONTRACT FOR FINANCIA L ASSISTANCE WITH TH E 24
	261	+	FEDERAL GOVERNMENT F OR OR WITH RESPECT T O AN URBAN RENEWAL P ROJECT 25
	262	+	AND RELATED ACTIVITI ES ANY CONDITIONS IM POSED PURSUANT TO FE DERAL LAWS 26
	263	+	AS THE MUNICIPALITY CONSIDERS REASONABLE AND APPROPRIATE ; 27
297	264
298		-	A1–105. POWERS WITHHELD FROM THE AGENCY.
	265	+	(6) TO ENTER IN TO ANY BUILDING OR P ROPERTY IN ANY URBAN 28
	266	+	RENEWAL AREA IN ORDE R TO MAKE INSPECTION S, SURVEYS, APPRAISALS, 29
	267	+	SOUNDINGS, OR TEST BORINGS , AND TO OBTAIN AN ORD ER FOR THIS PURPOSE FROM 30
	268	+	THE CIRCUIT COURT FO R THE COUNTY IN WHIC H THE MUNICIPALITY I S SITUATED IN 31
	269	+	THE EVENT ENTRY IS DENIE D OR RESISTED; 32
299	270
300		-	THE AGENCY MAY NOT :
	271	+	(7) TO PLAN, REPLAN, INSTALL, CONSTRUCT, RECONSTRUCT , 33
	272	+	REPAIR, CLOSE, OR VACATE STREETS , ROADS, SIDEWALKS, PUBLIC UTILITIES , 34
	273	+	PARKS, PLAYGROUNDS , AND OTHER PUBLIC IMP ROVEMENTS IN CONNECT ION WITH 35 SENATE BILL 313 7
301	274
302		-	(1) PASS A RESOLUTION TO INITIATE AN URBAN RE NEWAL PROJECT
303		-	PURSUANT TO SECTIONS A1–102 AND A1–103 OF THIS APPENDIX ;
304	275
305		-	~~(2) ISSUE GENERAL OBLIGAT ION BONDS PURSUANT T O SECTION~~
306		-	~~A1–111 OF THIS APPENDIX~~ ; OR
	276	+	AN URBAN RENEWAL PRO JECT; AND TO MAKE EXCEPTIO NS FROM BUILDING 1
	277	+	REGULATIONS ; 2
307	278
308		-	(3) APPROPRIATE FUNDS OR LEVY TAXES AND ASSES SMENTS
309		-	PURSUANT TO SECTION A1–103(3) OF THIS APPENDIX .
	279	+	(8) TO GENERALLY ORGANIZE , COORDINATE , AND DIRECT THE 3
	280	+	ADMINISTRATION OF TH E PROVISIONS OF THIS APPENDIX AS THEY APP LY TO THE 4
	281	+	MUNICIPALITY IN ORDE R THAT THE OBJECTIVE OF REMEDYING SLUM AN D 5
	282	+	BLIGHTED AREAS AND PREVENTING ITS C AUSES WITHIN THE MUN ICIPALITY MAY BE 6
	283	+	PROMOTED AND ACHIEVE D MOST EFFECTIVELY ; AND 7
310	284
311		-	A1–106. INITIATION OF PROJECT .
	285	+	(9) TO EXERCISE ALL OR AN Y PART OR COMBINATIO N OF THE 8
	286	+	POWERS GRANTED IN TH IS APPENDIX. 9
312	287
313		-	IN ORDER TO INITIATE AN URBAN RENEWAL PRO JECT, THE LEGISLATIVE
314		-	BODY OF THE MUNICIPA LITY SHALL ADOPT A R ESOLUTION WHICH : Ch. 125 2023 LAWS OF MARYLAND
	288	+	A1–104. ESTABLISHMENT OF URBA N RENEWAL AGENCY . 10
315	289
316		-	– 8 –
	290	+	(A) A MUNICIPALITY MAY ITSELF EXER CISE ALL THE POWERS GRANTED BY 11
	291	+	THIS APPENDIX , OR MAY, IF ITS LEGISLATIVE B ODY BY ORDINANCE DET ERMINES 12
	292	+	THE ACTION TO BE IN THE PUBLIC INTEREST , ELECT TO HAVE THE PO WERS 13
	293	+	EXERCISED BY A SEPAR ATE PUBLIC BODY OR A GENCY. 14
317	294
318		-	(1) FINDS THAT ONE OR MOR E SLUM OR BLIGHTED A REAS EXIST IN
319		-	THE MUNICIPALITY ;
	295	+	(B) IN THE EVENT TH E LEGISLATIVE BODY M AKES THAT DETERMINAT ION, 15
	296	+	IT SHALL PROCEED BY ORDINANCE TO ESTABLI SH A PUBLIC BODY OR AGENCY TO 16
	297	+	UNDERTAKE IN THE MUN ICIPALITY THE ACTIVI TIES AUTHORIZED BY T HIS 17
	298	+	APPENDIX. 18
320	299
321		-	(2) LOCATES AND DEFINES T HE SLUM OR BLIGHTED AREA; AND
	300	+	(C) THE ORDINANCE SHALL I NCLUDE PROVISIONS ES TABLISHING THE 19
	301	+	NUMBER OF MEMBERS OF THE PUBLIC BODY OR AGENC Y, THE MANNER OF THEIR 20
	302	+	APPOINTMENT AND REMO VAL, AND THE TERMS OF THE MEMBERS AND THEIR 21
	303	+	COMPENSATION . 22
322	304
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.
	305	+	(D) THE ORDINANCE MAY INC LUDE WHATEVER ADDITI ONAL PROVISIONS 23
	306	+	RELATING TO THE ORGA NIZATION OF THE PUBL IC BODY OR AGENCY AS MAY BE 24
	307	+	NECESSARY. 25
327	308
328		-	A1–107. PREPARATION AND APPRO VAL OF PLAN FOR URBAN RENEWAL PROJECT .
	309	+	(E) IN THE EVENT THE LEGI SLATIVE BODY ENACTS THIS ORDINANCE , ALL 26
	310	+	OF THE POWERS BY THI S APPENDIX GRANTED T O THE MUNICIPALITY , FROM THE 27
	311	+	EFFECTIVE DATE OF TH E ORDINANCE, ARE VESTED IN THE PU BLIC BODY OR AGENCY 28
	312	+	ESTABLISHED BY THE ORDINANCE. 29
329	313
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 MUNICIPALIT Y SHALL HOLD A PUBLI C HEARING ON AN URBA N
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 HEARING , 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 THAT:
	314	+	A1–105. POWERS WITHHELD FROM THE AGENCY. 30
342	315
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 HA RDSHIP TO THE FAMILI ES OR
347		-	NATURAL PERSONS ;
	316	+	THE AGENCY MAY NOT : 31
348	317
349		-	(2) THE URBAN RENEWAL PLA N CONFORMS SUBSTANTI ALLY TO THE
350		-	MASTER PLAN OF THE M UNICIPALITY AS A WHO LE; AND
	318	+	(1) PASS A RESOLUTION TO INITIATE AN URBAN RE NEWAL PROJECT 32 8 SENATE BILL 313
351	319
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.
356	320
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. 125
	321	+	PURSUANT TO SECTIONS A1–102 AND A1–103 OF THIS APPENDIX ; 1
359	322
360		-	– 9 –
361		-	PROJECT AREA , THE MODIFICATION MAY BE CONDITIONED ON WH ATEVER
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 I N INTEREST, 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 PLAN.
	323	+	(2) ISSUE GENERAL OBLIGAT ION BONDS PURSUANT T O SECTION 2
	324	+	A1–111 OF THIS APPENDIX ; OR 3
370	325
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 MAY HAV E THE PLAN OR MODIFI CATION
375		-	CARRIED OUT IN ACCOR DANCE WITH ITS TERMS .
	326	+	(3) APPROPRIATE FUNDS OR LEVY TAXES AND ASSES SMENTS 4
	327	+	PURSUANT TO SECTION A1–103(3) OF THIS APPENDIX . 5
376	328
377		-	A1–~~108~~. ~~DISPOSAL~~ OF ~~PROPERTY IN URBAN RENEWAL ARE A~~.
	329	+	A1–106. INITIATION OF PROJECT . 6
378	330
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 WHA TEVER 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 O UT THE PURPOSES OF T HIS 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		-	MUNICIPALITY DETERMI NES TO BE IN THE PUB LIC INTEREST, 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, OTHERWIS E TRANSFERRED , 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 TO 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 SLUM OR BLIGHTED AREAS . IN ANY INSTRUMENT OR CONVEYANCE Ch. 125 2023 LAWS OF MARYLAND
	331	+	IN ORDER TO INITIATE AN URBAN RENEWAL PRO JECT, THE LEGISLATIVE 7
	332	+	BODY OF THE MUNICIPA LITY SHALL ADOPT A RESOLUTION W HICH: 8
404	333
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 MUNICIPALITY 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 THE PROVISIONS OF TH E 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 P LAN 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.
	334	+	(1) FINDS THAT ONE OR MOR E SLUM OR BLIGHTED A REAS EXIST IN 9
	335	+	THE MUNICIPALITY ; 10
420	336
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 INFORMAT ION TO PRIVATE REDEV ELOPERS OR ANY PERSO NS
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 B E MADE BY
429		-	THOSE INTERESTED WIT HIN A SPECIFIED PERI OD. 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 FO R PROPOSALS 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 .
	337	+	(2) LOCATES AND DEFINES T HE SLUM OR BLIGHTED AREA; AND 11
439	338
440		-	(C) THE MUNICIPALITY MAY OPERATE TEMPORARILY AND MAINTAIN REAL
441		-	PROPERTY ACQUIRED BY IT IN AN URBAN RENEW AL AREA FOR OR IN CO NNECTION
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 THOUGH NO T IN CONFORMITY WITH THE URBAN RENEWAL PL AN.
	339	+	(3) FINDS THAT THE REHABI LITATION, REDEVELOPMENT , OR A 12
	340	+	COMBINATION OF THEM , OF THE AREA OR AREAS, IS NECESSARY AND IN THE 13
	341	+	INTEREST OF THE PUBL IC HEALTH, SAFETY, MORALS, OR WELFARE OF THE 14
	342	+	RESIDENTS OF THE MUN ICIPALITY. 15
446	343
447		-	~~(D) ANY INSTRUMENT EXECUT ED BY THE MUNICIPALI TY~~ AND ~~PURPORTING~~ ~~WES MOORE,~~ ~~Governor~~ Ch. ~~125~~
	344	+	A1–107. PREPARATION AND APPRO VAL OF PLAN FOR URBA N RENEWAL PROJECT . 16
448	345
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 EXECUT ED IN
452		-	COMPLIANCE WITH THE PROVISIONS OF THIS A PPENDIX INSOFAR AS T ITLE OR
453		-	OTHER INTEREST OF AN Y BONA FIDE PURCHASE RS, LESSEES, OR TRANSFEREES OF
454		-	THE PROPERTY IS CONC ERNED.
	346	+	(A) IN ORDER TO CARRY OUT THE PURPOSES OF THIS APPENDIX, THE 17
	347	+	MUNICIPALITY SHALL H AVE PREPARED AN URBA N RENEWAL PLAN FOR S LUM OR 18
	348	+	BLIGHTED AREAS IN TH E MUNICIPALITY , AND SHALL APPROVE TH E PLAN 19
	349	+	FORMALLY. THE MUNICIPALITY SHAL L HOLD A PUBLIC HEAR ING ON AN URBAN 20
	350	+	RENEWAL PROJECT AFTE R PUBLIC NOTICE OF I T BY PUBLICAT ION IN A NEWSPAPER 21
	351	+	HAVING A GENERAL CIR CULATION WITHIN THE CORPORATE LIMITS OF THE 22
	352	+	MUNICIPALITY. THE NOTICE SHALL DESC RIBE THE TIME , DATE, PLACE, AND 23
	353	+	PURPOSE OF THE HEARI NG, SHALL GENERALLY IDEN TIFY THE URBAN RENEW AL 24
	354	+	AREA COVERED BY THE PLAN, AND SHALL OUT LINE THE GENERAL SCO PE OF THE 25
	355	+	URBAN RENEWAL PROJEC T UNDER CONSIDERATIO N. FOLLOWING THE HEARING , 26
	356	+	THE MUNICIPALITY MAY APPROVE AN URBAN REN EWAL PROJECT AND THE PLAN 27
	357	+	THEREFOR IF IT FINDS THAT: 28
455	358
456		-	A1–109. EMINENT DOMAIN .
	359	+	(1) A FEASIBLE METHOD EXIS TS FOR THE LOCATION OF ANY 29
	360	+	FAMILIES OR NATURAL PERSONS WH O WILL BE DISPLACED FROM THE URBAN 30
	361	+	RENEWAL AREA IN DECE NT, SAFE, AND SANITARY DWELLIN G ACCOMMODATIONS 31
	362	+	WITHIN THEIR MEANS A ND WITHOUT UNDUE HAR DSHIP TO THE FAMILIE S OR 32
	363	+	NATURAL PERSONS ; 33 SENATE BILL 313 9
457	364
458		-	CONDEMNATION OF LAND OR PROPERTY UNDER TH E PROVISIONS OF THIS
459		-	APPENDIX SHALL BE IN ACCORDANCE WITH THE PROCEDURE PROVIDED I N THE
460		-	REAL PROPERTY ARTICLE OF THE ANNOTATED CODE OF MARYLAND.
461	365
462		-	A1–110. ENCOURAGEMENT OF PRIV ATE ENTERPRISE .
463	366
464		-	THE MUNICIPALITY , TO THE EXTENT IT DET ERMINES TO BE FEASIB LE IN
465		-	CARRYING OUT TH E PROVISIONS 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 OBJECTIVE IN EXERCISING ITS POWER S UNDER THIS APPENDI X.
	367	+	(2) THE URBAN RENEWAL PLA N CONFORMS SUBSTANTI ALLY TO THE 1
	368	+	MASTER PLAN OF THE M UNICIPALITY AS A WHO LE; AND 2
470	369
471		-	A1–111. GENERAL OBLIGATION BO NDS.
	370	+	(3) THE URBAN RENEWAL PLA N WILL AFFORD MAXIMU M 3
	371	+	OPPORTUNITY , CONSISTENT WITH THE SOUND NEEDS OF THE M UNICIPALITY AS A 4
	372	+	WHOLE, FOR THE REHABILITATI ON OR REDEVELOPMENT OF THE URBAN RENEWAL 5
	373	+	AREA BY PRIVATE ENTERPRISE . 6
472	374
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 BONDS. ANY BONDS ISSUED BY T HE 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 L IMITATIONS DETERMINE D BY THE MUNICIPALIT Y.
	375	+	(B) AN URBAN RENEWAL PLAN MAY BE MODIFIED AT A NY TIME. IF 7
	376	+	MODIFIED AFTER THE L EASE OR SALE OF REAL PROPERTY IN THE URBA N RENEWAL 8
	377	+	PROJECT AREA , THE MODIFICATION MAY BE CONDITIONED ON WH ATEVER 9
	378	+	APPROVAL OF THE OWNE R, LESSEE, OR SUCCESSOR IN INTEREST AS THE 10
	379	+	MUNICIPALITY CONSIDE RS ADVISABLE. IN ANY EVENT, IT SHALL BE SUBJECT TO 11
	380	+	WHATEVER RIGHTS AT L AW OR IN EQUITY AS A LESSEE OR PURCHASER , OR THE 12
	381	+	SUCCESSOR OR SUCCESS ORS IN INTEREST , MAY BE ENTITLED TO A SSERT. WHERE 13
	382	+	THE PROPOSED MODIFIC ATION WILL CHANGE SUBSTANTIALLY THE URBAN 14
	383	+	RENEWAL PLAN AS APPR OVED PREVIOUSLY BY T HE MUNICIPALITY , THE 15
	384	+	MODIFICATION SHALL B E APPROVED FORMALLY BY THE MUNICIPALITY , AS IN THE 16
	385	+	CASE OF AN ORIGINAL PLAN. 17
480	386
481		-	A1–112. REVENUE BONDS .
	387	+	(C) ON THE APPROVAL BY TH E MUNICIPALITY OF AN URBAN RENEWAL PLAN 18
	388	+	OR OF ANY MODIFICATI ON OF IT, THE PLAN OR MODIFICA TION SHALL BE 19
	389	+	CONSIDERED TO BE IN FULL FORCE AND EFFEC T FOR THE RESPECTIVE URBAN 20
	390	+	RENEWAL AREA . THE MUNICIPALITY MAY HAVE THE PLAN OR MOD IFICATION 21
	391	+	CARRIED OUT IN ACCOR DANCE WITH ITS TERMS . 22
482	392
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 ACTIVITIES. 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 FROM OR HE LD 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. 125 2023 LAWS OF MARYLAND
	393	+	A1–108. DISPOSAL OF PROPERTY IN URBAN RENEWAL AREA . 23
493	394
494		-	– 12 –
495		-	LOAN, GRANT, OR CONTRIBUTI ON FROM THE FEDERAL GOVERNMENT OR 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		-	MUNICIPALITY MAY ENT ER INTO AN INDENTURE OF TRUST WITH ANY PR IVATE
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.
	395	+	(A) THE MUNICIPALITY , BY ORDINANCE , MAY SELL, LEASE, OR OTHERWISE 24
	396	+	TRANSFER REAL PROPER TY OR ANY INTEREST I N IT ACQUIRED BY IT FOR AN URBAN 25
	397	+	RENEWAL PROJECT TO A NY PERSON FOR RESIDE NTIAL, RECREATIONAL , 26
	398	+	COMMERCIAL , INDUSTRIAL, EDUCATIONAL , OR OTHER USES OR FOR PUBLIC USE, OR 27
	399	+	IT MAY RETAIN THE PR OPERTY OR INTEREST F OR PUBLIC USE , IN ACCORDANCE 28
	400	+	WITH THE URBAN RENEW AL PLAN AND SUBJECT TO WHATEVER COVENANT S, 29
	401	+	CONDITIONS, AND RESTRICTIONS , INCLUDING COVENANTS RUNNING WITH THE 30
	402	+	LAND, AS IT CONSIDERS NECE SSARY OR DESIRABLE T O ASSIST IN PREVENTI NG THE 31
	403	+	DEVELOPMENT OR SPREA D OF FUTURE SLUMS OR BLIGHTED AREAS OR TO 32
	404	+	OTHERWISE CARRY OUT THE PURPOSES OF THIS APPENDIX. THE PURCHASERS OR 33
	405	+	LESSEES AND THEIR SU CCESSORS AND ASSIGNS SHALL BE OBLI GATED TO DEVOTE 34
	406	+	THE REAL PROPERTY ON LY TO THE USES SPECI FIED IN THE URBAN RE NEWAL PLAN, 35
	407	+	AND MAY BE OBLIGATED TO COMPLY WITH WHATE VER OTHER REQUIREMEN TS THE 36
	408	+	MUNICIPALITY DETERMI NES TO BE IN THE PUB LIC INTEREST, INCLUDING THE 37 10 SENATE BILL 313
503	409
504		-	(B) BONDS ISSUED UNDER TH IS SECTION DO NOT CO NSTITUTE 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 PUBLIC AND
512		-	GOVERNMENTAL PURPOSE AND, TOGETHER WITH INTERE ST ON THEM AND INCOM E
513		-	FROM THEM, ARE EXEMPT FROM ALL TAXES.
514	410
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 MORE SERIES A ND SHALL:
	411	+	OBLIGATION TO BEGIN WITHIN A REA SONABLE TIME ANY IMP ROVEMENTS ON THE 1
	412	+	REAL PROPERTY REQUIR ED BY THE URBAN RENE WAL PLAN. THE REAL PROPERTY 2
	413	+	OR INTEREST MAY NOT BE SOLD, LEASED, OTHERWISE TRANSFERRE D, OR RETAINED 3
	414	+	AT LESS THAN ITS FAI R VALUE FOR USES IN ACCORDANCE WITH THE URBAN 4
	415	+	RENEWAL PLAN . IN DETERMINING THE FA IR VALUE OF REAL PRO PERTY FOR USES 5
	416	+	IN ACCORDANCE WITH T HE URBAN RENEWAL PLA N, THE MUNICIPALITY SHA LL TAKE 6
	417	+	INTO ACCOUNT AND GIV E CONSIDERATION TO T HE USES PROVIDED IN THE PLAN, 7
	418	+	THE RESTRICTIONS ON , AND THE COVENANTS , CONDITIONS, AND OBLIGATIONS 8
	419	+	ASSUMED BY THE PURCH ASER OR LESSEE OR BY THE MUNICIPALITY RET AINING THE 9
	420	+	PROPERTY, AND THE OBJECTIVES O F THE PLAN FOR THE P REVENTION OF THE 10
	421	+	RECURRENCE OF SLUM O R BLIGHTED AREAS . IN ANY INSTRUMENT OR CONVEYANCE 11
	422	+	TO A PRIVATE PURCHAS ER OR LESSEE, THE MUNICIPALITY MAY PRO VIDE THAT THE 12
	423	+	PURCHASER OR LESSEE MAY NOT SELL, LEASE, OR OTHERWISE TRANSFE R THE REAL 13
	424	+	PROPERTY WITHOUT THE PRIOR WRITTEN CONSEN T OF THE MUNICIPALIT Y UNTIL 14
	425	+	THE PURCHASER OR LES SEE HAS COMPLETED TH E CONSTRUCTION OF AN Y OR ALL 15
	426	+	IMPROVEMENT S WHICH THE PURCHASE R OR LESSEE HAS BEEN OBLIGATED TO 16
	427	+	CONSTRUCT ON THE PRO PERTY. REAL PROPERTY ACQUIRE D BY THE MUNICIPALIT Y 17
	428	+	WHICH, IN ACCORDANCE WITH T HE PROVISIONS OF THE URBAN RENEWAL PLAN , IS 18
	429	+	TO BE TRANSFERRED , SHALL BE TRANSFERRED AS RAPIDLY AS FEASIB LE IN THE 19
	430	+	PUBLIC INTEREST CONS ISTENT WITH THE CARR YING OUT OF THE PROV ISIONS OF 20
	431	+	THE URBAN RENEWAL PL AN. ANY CONTRACT FOR THE TRANSFER AND THE URB AN 21
	432	+	RENEWAL PLAN (OR ANY PART OR PARTS OF THE CONTRACT OR P LAN AS THE 22
	433	+	MUNICIPALITY DETERMI NES) MAY BE RECORDED IN THE LAND RECORDS OF THE 23
	434	+	COUNTY IN WHICH THE MUNICIPALITY IS SITU ATED IN A MANNER SO AS TO AFFORD 24
	435	+	ACTUAL OR CONSTRUCTI VE NOTICE OF IT. 25
518	436
519		-	(1) BEAR A DATE OR DATES ;
	437	+	(B) THE MUNICIPALITY , BY ORDINANCE , MAY DISPOSE OF REAL PROPERTY 26
	438	+	IN AN URBAN RENEWAL AREA TO PRIVATE PERS ONS. THE MUNICIPALITY MAY, BY 27
	439	+	PUBLIC NOTICE BY PUB LICATION IN A NEWSPA PER HAVING A GENERAL 28
	440	+	CIRCULATION IN THE C OMMUNITY, INVITE PROPOSALS FRO M AND MAKE AVAILABLE 29
	441	+	ALL PERTINENT INFORM ATION TO PRIVATE RED EVELOPERS OR ANY PER SONS 30
	442	+	INTERESTED IN UNDERT AKING TO REDEVELOP O R REHABILITATE AN URBAN 31
	443	+	RENEWAL AREA , OR ANY PART THEREOF . THE NOTICE SHALL IDEN TIFY THE AREA, 32
	444	+	OR PORTION THEREOF , AND SHALL STATE THAT PROPOSALS SHALL BE M ADE BY 33
	445	+	THOSE INTERESTED WIT HIN A SPECIFIED PERI OD. THE MUNICIPALITY SHAL L 34
	446	+	CONSIDER ALL REDEVEL OPMENT OR REHABILITATION PROPO SALS AND THE 35
	447	+	FINANCIAL AND LEGAL ABILITY OF THE PERSO NS MAKING PROPOSALS TO CARRY 36
	448	+	THEM OUT, AND MAY NEGOTIATE WI TH ANY PERSONS FOR P ROPOSALS FOR THE 37
	449	+	PURCHASE, LEASE, OR OTHER TRANSFER OF ANY REAL PROPERTY AC QUIRED BY 38
	450	+	THE MUNICIPALITY I N THE URBAN RENEWAL AREA. THE MUNICIPALITY MAY ACCEPT 39
	451	+	ANY PROPOSAL AS IT D EEMS TO BE IN THE PU BLIC INTEREST AND IN FURTHERANCE 40
	452	+	OF THE PURPOSES OF T HIS APPENDIX. THEREAFTER , THE MUNICIPALITY MAY 41
	453	+	EXECUTE AND DELIVER CONTRACTS, DEEDS, LEASES, AND OTHER INSTRU MENTS 42 SENATE BILL 313 11
520	454
521		-	(2) MATURE AT A TIME OR T IMES;
522	455
523		-	~~(3) BEAR INTEREST AT A RA~~ TE ~~OR RATES;~~
	456	+	AND TAKE ALL STEPS N ECESSARY TO EFFECTUA TE THE TRANSFERS . 1
524	457
525		-	(4) BE IN A DENOMINATION OR DENOMINATIONS ;
	458	+	(C) THE MUNICIPALITY MAY OPERATE TEMPORARILY AND MAINTAIN REAL 2
	459	+	PROPERTY ACQUIRED BY IT IN AN URBAN RENEW AL AREA FOR OR IN CO NNECTION 3
	460	+	WITH AN URBAN RENEWA L PROJECT PENDING TH E DISPOSITION OF THE PROPERTY 4
	461	+	AS AUTHORIZED IN THI S APPENDIX, WITHOUT REGARD TO TH E PROVISIONS OF 5
	462	+	SUBSECTION (A) OF THIS SECTION , FOR USES AND PURPOSE S CONSIDERED 6
	463	+	DESIRABLE EVEN THOUG H NOT IN CONFORMITY WITH THE URBAN RENEW AL PLAN. 7
526	464
527		-	(5) BE IN A FORM EITHER W ITH OR WITHOUT COUPO N OR
528		-	REGISTERED;
	465	+	(D) ANY INSTRUMENT EXECUT ED BY THE MUNI CIPALITY AND PURPORT ING 8
	466	+	TO CONVEY ANY RIGHT , TITLE, OR INTEREST IN ANY P ROPERTY UNDER THIS 9
	467	+	APPENDIX SHALL BE PR ESUMED CONCLUSIVELY TO HAVE BEEN EXECUTE D IN 10
	468	+	COMPLIANCE WITH THE PROVISIONS OF THIS A PPENDIX INSOFAR AS T ITLE OR 11
	469	+	OTHER INTEREST OF AN Y BONA FIDE PURCHASERS , LESSEES, OR TRANSFEREES OF 12
	470	+	THE PROPERTY IS CONC ERNED. 13
529	471
530		-	~~(6) CARRY A CONVERSION OR REGISTRATION PRIVILE GE;~~
	472	+	A1–109. EMINENT DOMAIN . 14
531	473
532		-	(7) HAVE A RANK OR PRIORI TY;
	474	+	CONDEMNATION OF LAND OR PROPERTY UNDER TH E PROVISIONS OF THIS 15
	475	+	APPENDIX SHALL BE IN ACCORDANCE WITH THE PROCEDURE PROVIDED I N THE 16
	476	+	REAL PROPERTY ARTICLE OF THE ANNOTATED CODE OF MARYLAND. 17
533	477
534		-	~~(8) BE EXECUTED IN A MANN ER;~~
	478	+	A1–110. ENCOURAGEMENT OF PRIV ATE ENTERPRISE . 18
535	479
536		-	(9) BE PAYABLE IN A MEDIU M OF PAYMENT , AT A PLACE OR PLACES , WES MOORE, Governor Ch. 125
	480	+	THE MUNICIPALITY , TO THE EXTENT IT DET ERMINES TO BE FEASIB LE IN 19
	481	+	CARRYING OUT THE PRO VISIONS OF THIS APPE NDIX, SHALL AFFORD MAXIMUM 20
	482	+	OPPORTUNITY TO THE R EHABILITATION OR RED EVELOPMENT OF ANY URBAN 21
	483	+	RENEWAL AREA BY PRIV ATE ENTERPRISE CONSI STENT WITH THE SOUND NEEDS OF 22
	484	+	THE MUNICIPALITY AS A WHOLE. THE MUNICIPALITY SHAL L GIVE CONSIDERATION 23
	485	+	TO THIS OBJECTIVE IN EXERCISING ITS POWER S UNDER THIS APPENDI X. 24
537	486
538		-	– 13 –
539		-	AND BE SUBJECT TO TE RMS OF REDEMPTION (WITH OR WITHOUT PREMIUM);
	487	+	A1–111. GENERAL OBLIGATION BO NDS. 25
540	488
541		-	(10) BE SECURED IN A MANNE R; AND
	489	+	FOR THE PURPOSE OF FINAN CING AND CARRYING OU T AN URBAN RENEWAL 26
	490	+	PROJECT AND RELATED ACTIVITIES, THE MUNICIPALITY MAY ISSUE AND SELL ITS 27
	491	+	GENERAL OBLIGATION B ONDS. ANY BONDS ISSUED BY T HE MUNICIPALITY 28
	492	+	PURSUANT TO THIS SEC TION SHALL BE ISSUED IN THE MANNER AND WI THIN THE 29
	493	+	LIMITATIONS PRESCRIB ED BY APPLICABLE LAW FOR THE ISSUANCE AND 30
	494	+	AUTHORIZATION OF GEN ERAL OBLIGATION BOND S BY THE MUNICIPALIT Y, AND 31
	495	+	ALSO WITHIN LIMITATI ONS DETERMINED BY TH E MUNICIPALITY. 32
542	496
543		-	~~(11) HAVE OTHER CHARACTERI STICS, AS ARE PROVIDED BY T HE~~
544		-	~~RESOLUTION, TRUST INDENTURE , OR MORTGAGE ISSUED P URSUANT TO IT.~~
	497	+	A1–112. REVENUE BONDS . 33
	498	+	12 SENATE BILL 313
545	499
546		-	(D) THESE BONDS MAY NOT B E SOLD AT LESS THAN PAR VALUE AT PUBLIC
547		-	SALES WHICH ARE HELD AFTER NOTICE IS PUBL ISHED PRIOR TO THE S ALE 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 BASI S 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 PRIVA TE
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 .
558	500
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 BIND ING OBLIGATIONS OF T HE
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.
	501	+	(A) IN ADDITION TO THE AU THORITY CONF ERRED BY SECTION A1–111 OF 1
	502	+	THIS APPENDIX, THE MUNICIPALITY MAY ISSUE REVENUE BONDS TO FINANCE THE 2
	503	+	UNDERTAKING OF ANY U RBAN RENEWAL PROJECT AND RELATED ACTIVITI ES. ALSO, 3
	504	+	IT MAY ISSUE REFUNDI NG BONDS FOR THE PAY MENT OR RETIREMENT O F THE 4
	505	+	BONDS ISSUED PREVIOU SLY BY IT. THE BONDS SHALL BE MA DE PAYABLE, AS TO 5
	506	+	BOTH PRINCIPAL AND I NTEREST, SOLELY FROM THE INCO ME, PROCEEDS, 6
	507	+	REVENUES, AND FUNDS OF THE MUN ICIPALITY DERIVED FR OM OR HELD IN 7
	508	+	CONNECTION WITH THE UNDERTAKING AND CARR YING OUT OF URBAN RE NEWAL 8
	509	+	PROJECTS UNDER THIS APPENDIX. HOWEVER, PAYMENT OF THE BONDS , BOTH AS 9
	510	+	TO PRINCIPAL AND INT EREST, MAY BE FURTHER SECUR ED BY A PLEDGE OF AN Y 10
	511	+	LOAN, GRANT, OR CONTRIBUTION FROM THE FEDERAL GOVERNME NT OR OTHER 11
	512	+	SOURCE, IN AID OF ANY URBAN RENEWAL PROJECTS OF THE MUNICIPALITY U NDER 12
	513	+	THIS APPENDIX, AND BY A MORTGAGE OF ANY URBAN RENEWAL PR OJECT, OR ANY 13
	514	+	PART OF A PROJECT , TITLE TO WHICH IS IN THE MUNICIPALITY . IN ADDITION, THE 14
	515	+	MUNICIPALITY MAY ENT ER INTO AN INDENTURE OF TRUST WITH ANY PR IVATE 15
	516	+	BANKING INSTITUTION OF THIS STATE HAVING TRUST POWERS AND M AY MAKE IN 16
	517	+	THE INDENTURE OF TRU ST COVENANTS AND COM MITMENTS REQUIRED BY ANY 17
	518	+	PURCHASER FOR THE AD EQUATE SECURITY OF T HE BONDS. 18
567	519
568		-	(F) IN ANY SUIT, ACTION, OR PROCEEDING INVO LVING THE VALIDITY O R
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 ISSUE D FOR THAT PURPOSE , 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.
	520	+	(B) BONDS ISSUED UNDER TH IS SECTION DO NOT CO NSTITUTE AN 19
	521	+	INDEBTEDNESS WITHIN THE MEANING OF ANY C ONSTITUTION AL OR STATUTORY 20
	522	+	DEBT LIMITATION OR R ESTRICTION, ARE NOT SUBJECT TO T HE PROVISIONS OF ANY 21
	523	+	OTHER LAW OR CHARTER RELATING TO THE AUTH ORIZATION, ISSUANCE, OR SALE 22
	524	+	OF BONDS , AND ARE EXEMPTED SPE CIFICALLY FROM THE R ESTRICTIONS 23
	525	+	CONTAINED IN §§ 19–205 AND 19–206 OF THE LOCAL GOVERNMENT ARTICLE OF 24
	526	+	THE ANNOTATED CODE OF MARYLAND. BONDS ISSUED UNDER TH E PROVISIONS OF 25
	527	+	THIS APPENDIX ARE DE CLARED TO BE ISSUED FOR AN ESSENTIAL PUB LIC AND 26
	528	+	GOVERNMENTAL PURPOSE AND, TOGETHER WITH INTERE ST ON THEM AND INCOM E 27
	529	+	FROM THEM, ARE EXEMPT FROM ALL TAXES . 28
576	530
577		-	(G) ALL BANKS, TRUST COMPANIES , BANKERS, SAVINGS BANKS , AND
578		-	INSTITUTIONS, BUILDING AND LOAN AS SOCIATIONS, 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. 125 2023 LAWS OF MARYLAND
	531	+	(C) BONDS ISSUED UNDER TH IS SECTION SHALL BE AUTHORIZED BY 29
	532	+	RESOLUTION OR ORDINA NCE OF THE LEGISLATI VE BODY OF THE MUNIC IPALITY. 30
	533	+	THEY MAY BE ISSUED IN ONE OR MORE SERIES A ND SHALL: 31
582	534
583		-	– 14 –
584		-	ALL EXECUTORS , 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 APPENDIX .
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 MATURIT Y 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 BONDS OR OTHER OBLIG ATIONS WITH INTEREST 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 OBLIGATION S SHALL BE AUTHORIZE D SECURITY FOR ALL P UBLIC
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 INVESTMENTS , 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.
	535	+	(1) BEAR A DATE OR DATES ; 32
606	536
607		-	~~A1–113. SHORT TITLE.~~
	537	+	(2) MATURE AT A TIME OR TIMES; 33
608	538
609		-	THIS APPENDIX SHALL B E KNOWN AND MAY BE C ITED AS THE MOUNT AIRY
610		-	URBAN RENEWAL AUTHORITY FOR SLUM CLEARANCE ACT.
	539	+	(3) BEAR INTEREST AT A RA TE OR RATES; 34
611	540
612		-	~~A1–114. AUTHORITY TO AMEND~~ OR ~~REPEAL.~~
	541	+	(4) BE IN A DENOMINATION OR DENOMINATIONS ; 35
613	542
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.
	543	+	(5) BE IN A FORM EITHER W ITH OR WITHOUT COUPO N OR 36 SENATE BILL 313 13
617	544
618		-	SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
619		-	October 1, 2023.
620	545
621		-	Approved by the Governor, April 24, 2023.
	546	+	REGISTERED; 1
	547	+
	548	+	(6) CARRY A CONVERSION OR REGISTRATION PRIVILE GE; 2
	549	+
	550	+	(7) HAVE A RANK OR PRIORI TY; 3
	551	+
	552	+	(8) BE EXECUTED IN A MANNER ; 4
	553	+
	554	+	(9) BE PAYABLE IN A MEDIU M OF PAYMENT , AT A PLACE OR PLACES , 5
	555	+	AND BE SUBJECT TO TE RMS OF REDEMPTION (WITH OR WITHOUT PREM IUM); 6
	556	+
	557	+	(10) BE SECURED IN A MANNE R; AND 7
	558	+
	559	+	(11) HAVE OTHER CHARACTERI STICS, AS ARE PROVIDED BY T HE 8
	560	+	RESOLUTION, TRUST INDENTURE , OR MORTGAGE ISSUED P URSUANT TO IT. 9
	561	+
	562	+	(D) THESE BONDS MAY NOT B E SOLD AT LESS THAN PAR VALUE AT PUBLIC 10
	563	+	SALES WHICH ARE HELD AFTER NOTICE IS PUBL ISHED PRIOR TO THE S ALE IN A 11
	564	+	NEWSPAPER HAVING A G ENERAL CIRCULATION I N THE AREA IN W HICH THE 12
	565	+	MUNICIPALITY IS LOCA TED AND IN WHATEVER OTHER MEDIUM OF PUBL ICATION AS 13
	566	+	THE MUNICIPALITY MAY DETERMINE. THE BONDS MAY BE EXCH ANGED ALSO FOR 14
	567	+	OTHER BONDS ON THE B ASIS OF PAR. HOWEVER, THE BONDS MAY NOT BE SOLD TO 15
	568	+	THE FEDERAL GOVERNME NT AT PRIVATE SAL E AT LESS THAN PAR , AND, IN THE 16
	569	+	EVENT LESS THAN ALL OF THE AUTHORIZED PR INCIPAL AMOUNT OF TH E BONDS IS 17
	570	+	SOLD TO THE FEDERAL GOVERNMENT , THE BALANCE MAY NOT BE SOLD AT PRIVATE 18
	571	+	SALE AT LESS THAN PA R AT AN INTEREST COS T TO THE MUNICIPALIT Y WHICH DOES 19
	572	+	NOT EXCEED THE INTEREST COST TO THE MUNICIPALITY OF THE PORTION OF TH E 20
	573	+	BONDS SOLD TO THE FE DERAL GOVERNMENT . 21
	574	+
	575	+	(E) IN CASE ANY OF THE PU BLIC OFFICIALS OF TH E MUNICIPALITY WHOSE 22
	576	+	SIGNATURES APPEAR ON ANY BONDS OR COUPONS ISSUED UNDER THIS AP PENDIX 23
	577	+	CEASE TO BE OFFICIA LS OF THE MUNICIPALI TY BEFORE THE DELIVE RY OF THE 24
	578	+	BONDS OR IN THE EVEN T ANY OF THE OFFICIA LS HAVE BECOME SUCH AFTER THE 25
	579	+	DATE OF ISSUE OF THE M, THE BONDS ARE VALID AND BINDING OBLIGATI ONS OF THE 26
	580	+	MUNICIPALITY IN ACCO RDANCE WITH THEIR TE RMS. ANY PROVISION OF ANY LAW 27
	581	+	TO THE CONTRARY NOTW ITHSTANDING, ANY BONDS ISSUED PUR SUANT TO THIS 28
	582	+	APPENDIX ARE FULLY N EGOTIABLE. 29
	583	+
	584	+	(F) IN ANY SUIT, ACTION, OR PROCEEDING INVOLV ING THE VALIDITY OR 30
	585	+	ENFORCEABILITY OF AN Y BOND ISSUED UNDER THIS APPENDIX, OR THE SECURITY 31
	586	+	FOR IT, ANY BOND WHICH RECITES I N SUBSTANCE THAT IT HAS BEEN ISSUED BY T HE 32
	587	+	MUNICIPALITY IN CONN ECTION WITH AN URBAN RENEWAL PROJECT SHAL L BE 33
	588	+	CONSIDERED CONCLUSIV ELY TO HAVE BEEN ISS UED FOR THAT PURPOSE , AND THE 34 14 SENATE BILL 313
	589	+
	590	+
	591	+	PROJECT SHALL BE CON SIDERED CONCLUSIVELY TO HAVE BEEN PLA NNED, 1
	592	+	LOCATED, AND CARRIED OUT IN A CCORDANCE WITH THE P ROVISIONS OF THIS 2
	593	+	APPENDIX. 3
	594	+
	595	+	(G) ALL BANKS, TRUST COMPANIES , BANKERS, SAVINGS BANKS , AND 4
	596	+	INSTITUTIONS, BUILDING AND LOAN AS SOCIATIONS, SAVINGS AND LOAN 5
	597	+	ASSOCIATIONS, INVESTMENT COMPANIES , AND OTHER PE RSONS CARRYING ON A 6
	598	+	BANKING OR INVESTMEN T BUSINESS; ALL INSURANCE COMPAN IES, INSURANCE 7
	599	+	ASSOCIATIONS, AND OTHER PERSONS CA RRYING ON AN INSURAN CE BUSINESS; AND 8
	600	+	ALL EXECUTORS , ADMINISTRATORS , CURATORS, TRUSTEES, AND OTHER 9
	601	+	FIDUCIARIES, MAY LEGALLY INVEST A NY SINKING FUNDS , MONEYS, OR OTHER 10
	602	+	FUNDS BELONGING TO T HEM OR WITHIN THEIR CONTROL IN ANY BONDS OR OTHER 11
	603	+	OBLIGATIONS ISSUED B Y THE MUNICIPALITY P URSUANT TO THIS APPE NDIX. 12
	604	+	HOWEVER, THE BONDS AND OTHER OBLIGATIONS SHALL BE SECURED BY AN 13
	605	+	AGREEMENT BETWEEN TH E ISSUER AND THE FEDERAL GOVERNMENT IN WHICH THE 14
	606	+	ISSUER AGREES TO BOR ROW FROM THE FEDERAL GOVERNMENT AND THE F EDERAL 15
	607	+	GOVERNMENT AGREES TO LEND TO THE ISSUER , PRIOR TO THE MATURIT Y OF THE 16
	608	+	BONDS OR OTHER OBLIG ATIONS, MONEYS IN AN AMOUNT WHICH (TOGETHER WITH 17
	609	+	ANY OTHER MONEYS COMMITTE D IRREVOCABLY TO THE PAYMENT OF PRINCIPAL 18
	610	+	AND INTEREST ON THE BONDS OR OTHER OBLIG ATIONS) WILL SUFFICE TO PAY THE 19
	611	+	PRINCIPAL OF THE BON DS OR OTHER OBLIGATI ONS WITH INTEREST TO MATURITY 20
	612	+	ON THEM. THE MONEYS UNDER THE TERMS OF THE AGREEME NT SHALL BE 21
	613	+	REQUIRED TO BE USED FOR THE PURPOSE OF P AYING THE PRINCIPAL OF AND THE 22
	614	+	INTEREST ON THE BOND S OR OTHER OBLIGATIO NS AT THEIR MATURITY . THE BONDS 23
	615	+	AND OTHER OBLIGATION S SHALL BE AUTHORIZE D SECURITY FOR ALL P UBLIC 24
	616	+	DEPOSITS. THIS SECTION AUTHORIZ ES ANY PERSONS OR PUBLIC OR PRIVATE 25
	617	+	POLITICAL SUBDIVISIO NS AND OFFICERS TO U SE ANY FUNDS OWNED O R 26
	618	+	CONTROLLED BY THEM F OR THE PURCHASE OF A NY BONDS OR OTHER 27
	619	+	OBLIGATIONS. WITH REGARD TO LEGAL INVESTMENTS , THIS SECTION MAY NOT BE 28
	620	+	CONSTRUED TO RELIEVE ANY PERSON OF ANY DUTY OF EXERCISI NG REASONABLE 29
	621	+	CARE IN SELECTING SE CURITIES. 30
	622	+
	623	+	A1–113. SHORT TITLE. 31
	624	+
	625	+	THIS APPENDIX SHALL B E KNOWN AND MAY BE C ITED AS THE MOUNT AIRY 32
	626	+	URBAN RENEWAL AUTHORITY FOR SLUM CLEARANCE ACT. 33
	627	+
	628	+	A1–114. AUTHORITY TO AMEND OR REPEAL. 34
	629	+
	630	+	THIS APPENDIX, ENACTED PURSUANT TO ARTICLE III, SECTION 61 OF THE 35
	631	+	MARYLAND CONSTITUTION, MAY BE AMENDED OR RE PEALED ONLY BY THE 36
	632	+	GENERAL ASSEMBLY OF MARYLAND. 37
	633	+	SENATE BILL 313 15
	634	+
	635	+
	636	+	SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect 1
	637	+	October 1, 2023. 2
	638	+
	639	+
	640	+
	641	+
	642	+	Approved:
	643	+	________________________________________________________________________________
	644	+	Governor.
	645	+	________________________________________________________________________________
	646	+	President of the Senate.
	647	+	________________________________________________________________________________
	648	+	Speaker of the House of Delegates.