EXPLANATION: CAPITALS INDICATE MAT TER ADDED TO EXISTIN G LAW.
[Brackets] indicate matter deleted from existing law.
Underlining indicates amendments to bill.
Strike out indicates matter stricken from the bill by amendment or deleted from the law by
amendment.
Italics indicate opposite chamber/conference committee amendments.
*sb0004*
SENATE BILL 4
C8 EMERGENCY BILL (5lr0948)
ENROLLED BILL
— Finance/Ways and Means —
Introduced by Senator Hayes
Read and Examined by Proofreaders:
_______________________________________________
Proofreader.
_______________________________________________
Proofreader.
Sealed with the Great Seal and presented to the Governor, for his approval this
_______ day of _______________ at _________________ _______ o’clock, ________M.
______________________________________________
President.
CHAPTER ______
AN ACT concerning 1
Economic Development – West North Avenue Development Authority – 2
Alterations 3
FOR the purpose of altering the administration and membership of the West North Avenue 4
Development Authority; specifying the powers and duties of the Authority, subject 5
to certain limitations; exempting the Authority from certain provisions of law; 6
requiring the Authority to take certain actions regarding the finances of the 7
Authority; exempting the Authority from certain taxation or assessments under 8
certain circumstances; establishing the West North Avenue Development Authority 9
Fund as a special, nonlapsing fund; altering the termination date of the Authority; 10
and generally relating to the West North Avenue Development Authority. 11
BY repealing 12
Article – Economic Development 13
Section 12–703.1 14 2 SENATE BILL 4
Annotated Code of Maryland 1
(2024 Replacement Volume and 2024 Supplement) 2
BY renumbering 3
Article – Economic Development 4
Section 12–702, 12–703, 12–704, 12–705, and 12–706 5
to be Section 12–703, 12–706, 12–707, 12–708, and 12–709, respectively 6
Annotated Code of Maryland 7
(2024 Replacement Volume and 2024 Supplement) 8
BY repealing and reenacting, with amendments, 9
Article – Economic Development 10
Section 12–701 11
Annotated Code of Maryland 12
(2024 Replacement Volume and 2024 Supplement) 13
BY adding to 14
Article – Economic Development 15
Section 12–702, 12–704, 12–705, and 12–710 through 12–714 16
Annotated Code of Maryland 17
(2024 Replacement Volume and 2024 Supplement) 18
BY repealing and reenacting, with amendments, 19
Article – Economic Development 20
Section 12–703 and 12–706 21
Annotated Code of Maryland 22
(2024 Replacement Volume and 2024 Supplement) 23
(As enacted by Section 2 of this Act) 24
BY repealing and reenacting, without amendments, 25
Article – State Finance and Procurement 26
Section 6–226(a)(2)(i) 27
Annotated Code of Maryland 28
(2021 Replacement Volume and 2024 Supplement) 29
BY repealing and reenacting, with amendments, 30
Article – State Finance and Procurement 31
Section 6–226(a)(2)(ii)204. and 205. 32
Annotated Code of Maryland 33
(2021 Replacement Volume and 2024 Supplement) 34
BY adding to 35
Article – State Finance and Procurement 36
Section 6–226(a)(2)(ii)206. 37
Annotated Code of Maryland 38
(2021 Replacement Volume and 2024 Supplement) 39
SENATE BILL 4 3
BY repealing and reenacting, with amendments, 1
Chapter 80 of the Acts of the General Assembly of 2021 2
Section 2 3
BY repealing and reenacting, with amendments, 4
Chapter 81 of the Acts of the General Assembly of 2021 5
Section 2 6
BY repealing and reenacting, with amendments, 7
Chapter 136 of the Acts of the General Assembly of 2023 8
Section 3 9
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, 10
That Section(s) 12–703.1 of Article – Economic Development of the Annotated Code of 11
Maryland be repealed. 12
SECTION 2. AND BE IT FURTHER ENACTED, That Section(s) 12 –702, 12–703, 13
12–704, 12–705, and 12–706 of Article – Economic Development of the Annotated Code of 14
Maryland be renumbered to be Section(s) 12–703, 12–706, 12–707, 12–708, and 12–709, 15
respectively. 16
SECTION 3. AND BE IT FURTHER ENACTED, That the Laws of Maryland read 17
as follows: 18
Article – Economic Development 19
12–701. 20
(a) In this subtitle the following words have the meanings indicated. 21
(B) “AUTHORITY” MEANS THE WEST NORTH AVENUE DEVELOPMENT 22
AUTHORITY. 23
(C) “BOARD” MEANS THE BOARD OF DIRECTORS OF THE AUTHORITY. 24
[(b)] (D) “Buffer zone” means the area within 250 yards of the target area. 25
[(c)] (E) “Target area” means the portion of West North Avenue in Baltimore 26
City between the 600 block and the 3200 block, inclusive. 27
(F) “WEST NORTH AVENUE CORRIDOR” INCLUDES THE GEOGRAP HIC AREA 28
CONSISTING OF THE TA RGET AREA AND THE BU FFER ZONE. 29
12–702. 30
4 SENATE BILL 4
THIS SUBTITLE SHALL B E LIBERALLY CONSTRUE D TO ACCOMPLISH ITS 1
PURPOSES. 2
12–703. 3
(A) There is a West North Avenue Development Authority in Baltimore City. 4
(B) THE AUTHORITY IS A BODY P OLITIC AND CORPORATE AND IS AN 5
INSTRUMENTALITY OF T HE STATE. 6
(C) THE EXERCISE BY THE AUTHORITY OF A POWER UNDER THIS SUBTITLE 7
IS THE PERFORMANCE O F AN ESSENTIAL GOVER NMENTAL FUNCTION . 8
(D) THE GOVERNOR MAY INCLUDE EACH YEAR IN THE STATE BUDGET BILL 9
AN APPROPRIATION TO THE WEST NORTH AVENUE DEVELOPMENT AUTHORITY IN 10
BALTIMORE CITY. 11
(E) BEGINNING FISCAL YEAR 2028, THE AUTHORITY SHALL BE 12
SELF–SUSTAINING. 13
12–704. 14
(A) THE GENERAL ASSEMBLY FINDS THAT : 15
(1) THERE EXISTS WITHIN VARIOUS NEIGHBORHOOD S IN BALTIMORE 16
CITY, PARTICULARLY THE WEST NORTH AVENUE CORRIDOR, A NEED FOR 17
RESIDENTIAL AND COMM ERCIAL DEVELOPMENT O R REDEVELOPMENT IN 18
FURTHERANCE OF THE P UBLIC’S INTEREST; 19
(2) THE WEST NORTH AVENUE CORRIDOR HAS EXPERIEN CED LOW 20
HOUSING AND ECONOMIC DEVELOPMENT IN THE C OMMUNITY FOR DECADES ; 21
(3) AREAS IN THE WEST NORTH AVENUE CORRIDOR INCLUDE BOTH 22
AREAS THAT ARE CONSI DERED SLUM OR BLIGHT ED AND AREAS THAT AR E 23
DETERIORATED OR SUBJ ECT TO FURTHER DETER IORATING CONDITION , AND THOSE 24
AREAS ARE IN NEED OF DEVELOPMENT OR REDEV ELOPMENT FOR THE PUB LIC 25
BENEFIT; 26
(4) THE REVITALIZATION O F AREAS WITHIN THE WEST NORTH 27
AVENUE CORRIDOR NEEDING COMM ERCIAL DEVELOPMENT O R REDEVELOPMENT IS 28
AN ESSENTIAL GOVERNM ENTAL FUNCTION AND I S A PUBLIC USE THAT WILL CONFER 29
A PUBLIC BENEFIT ON CITIZENS OF BALTIMORE CITY BY: 30
(I) RELIEVING CONDITIONS OF UNEMPLOYMENT ; 31 SENATE BILL 4 5
(II) ENCOURAGING THE INCR EASE OF COMMERCE AND A 1
BALANCED ECONOMY ; 2
(III) ASSISTING IN THE RET ENTION OF BUSINESSES AND 3
RESIDENTS; 4
(IV) ATTRACTING NEW INDUS TRIES AND COMMERCE ; 5
(V) PROMOTING ECONOMIC DEVELOPMENT AND GROW TH; AND 6
(VI) GENERALLY PROMOTING THE HEALTH , WELFARE, AND 7
PUBLIC SAFETY OF RES IDENTS IN BALTIMORE CITY AND INCREASING P ROPERTY 8
TAX REVENUES FOR THE STATE AND THE CITY OF BALTIMORE; 9
(5) THE ESTABLISHMENT OF THIS PUBLIC AUTHORITY T O PROVIDE 10
FINANCIAL RESOURCES FOR THE DEVELOPMENT AND ESTABLISHMENT OF 11
RESIDENCES AND BUSIN ESSES THROUGH COMMUN ITY ORGANIZATIONS IN THE 12
TARGET AREA WILL SIG NIFICANTLY IMPROVE BALTIMORE CITY NEIGHBORHOODS 13
AND INCREASE PROPERT Y TAX REVENUES FOR T HE STATE AND THE CITY OF 14
BALTIMORE; AND 15
(6) THE AUTHORITY IS THE ECON OMIC DEVELOPMENT AUT HORITY 16
FOR THE STATE TO BENEFIT THE NEIGHBORHOODS OF BALTIMORE CITY WITHIN 17
THE TARGET AREA . 18
(B) THE LEGISLATIVE PURPO SES OF THE AUTHORITY ARE TO : 19
(1) REVIVE THE VARIOUS C OMMUNITIES ALONG THE WEST NORTH 20
AVENUE CORRIDOR IN BALTIMORE CITY; 21
(2) PROMOTE ECONOMIC DEV ELOPMENT; 22
(3) ENCOURAGE THE INCREA SE OF BUSINESS ACTIV ITY, COMMERCE , 23
AND A BALANCED ECONO MY IN BALTIMORE CITY; 24
(4) HELP TO RETAIN AND A TTRACT BUSINESS ACTI VITY AND 25
COMMERCE IN BALTIMORE CITY; AND 26
(5) PROMOTE THE HEALTH , PUBLIC SAFETY , RIGHT OF GAINFUL 27
EMPLOYMENT , AND WELFARE OF RESID ENTS OF BALTIMORE CITY. 28
(C) THE GENERAL ASSEMBLY INTENDS THAT : 29
6 SENATE BILL 4
(1) THE AUTHORITY OPERATE AND EXERCISE ITS CORPORA TE 1
POWERS ALONG THE WEST NORTH AVENUE CORRIDOR IN BALTIMORE CITY; 2
(2) WITHOUT LIMITING ITS AUTHORITY TO OTHERWI SE EXERCISE ITS 3
POWERS, THE AUTHORITY EXERCISE IT S POWERS TO ASSIST P RIVATE REAL ESTATE 4
ENTITIES AND NONPROF IT COMMUNITY DEVELOP MENT CORPORATIONS TO 5
DEVELOP AND REHABILI TATE HOUSING AND COM MERCIAL UNITS IN BALTIMORE 6
CITY AND SUPPORT LOCA L ECONOMIC DEVELOPME NT AGENCIES TO CONTR IBUTE 7
TO THE EXPANSION , MODERNIZATION , AND RETENTION OF EXI STING ENTERPRISES 8
IN BALTIMORE CITY AS WELL AS THE A TTRACTION OF NEW BUS INESSES TO 9
BALTIMORE CITY; AND 10
(3) THE AUTHORITY SHOULD NOT OWN AND OPERATE A PR OJECT 11
UNLESS: 12
(I) THE BOARD DETERMINES BY R ESOLUTION THAT THE 13
PRIVATE SECTOR HAS N OT DEMONSTRATED SERI OUS AND SIGNIFICANT INTE REST 14
AND DEVELOPMENT CAPA CITY TO OWN AND OPER ATE THE PROJECT ; OR 15
(II) A REPRESENTATIVE OF A GOVERNMENTAL UNIT REQUESTS 16
IN WRITING THAT THE AUTHORITY OWN AND OPE RATE THE PROJECT . 17
12–705. 18
(A) (1) EXCEPT AS OTHERWISE P ROVIDED IN T HIS SECTION , IN 19
EXERCISING ITS POWER S, THE AUTHORITY: 20
(I) MAY CARRY OUT ITS PU RPOSES WITHOUT THE C ONSENT OF 21
ANY STATE UNIT; AND 22
(II) IS NOT SUBJECT TO : 23
1. SUBTITLES 1 THROUGH 3 OF THIS TITLE; OR 24
2. THE FOLLOWING PROVIS IONS OF THE STATE 25
FINANCE AND PROCUREMENT ARTICLE: 26
A. TITLE 2, SUBTITLES 2 (GIFTS AND GRANTS) AND 5 27
(FACILITIES FOR THE HANDICAPPED ); 28
B. TITLE 3 (BUDGET AND MANAGEMENT ); 29
C. TITLE 4 (DEPARTMENT OF GENERAL SERVICES); 30
SENATE BILL 4 7
D. TITLE 5A (DIVISION OF HISTORICAL AND CULTURAL 1
PROGRAMS); 2
E. TITLE 6, SUBTITLE 1 (STUDIES AND ESTIMATES); 3
F. TITLE 7, SUBTITLES 1 (STATE OPERATING BUDGET), 4
2 (DISBURSEMENTS AND EXPENDITURES ), AND 3 (UNSPENT BALANCES); 5
G. TITLE 10 (BOARD OF PUBLIC WORKS – 6
MISCELLANEOUS PROVISIONS); OR 7
H. DIVISION II (GENERAL PROCUREMENT LAW). 8
(2) THE AUTHORITY IS SUBJECT TO: 9
(I) THE PUBLIC INFORMATION ACT; AND 10
(II) THE OPEN MEETINGS ACT. 11
(B) THE AUTHORITY, ITS OFFICERS, AND ITS EMPLOYEES AR E SUBJECT TO 12
THE PUBLIC ETHICS LAW. 13
(C) THE AUTHORITY, ITS OFFICERS, AND ITS EMPLOYEES AR E SUBJECT TO 14
TITLE 12, SUBTITLE 4 OF THE STATE FINANCE AND PROCUREMENT ARTICLE. 15
(D) THE AUTHORITY IS SUBJECT TO TITLE 14, SUBTITLE 3 OF THE STATE 16
FINANCE AND PROCUREMENT ARTICLE. 17
12–706. 18
(a) A BOARD OF DIRECTORS SHALL MANAG E THE AUTHORITY AND 19
EXERCISE ITS POWERS . 20
(B) The [Authority] BOARD consists of the following members: 21
(1) one member of the Senate of Maryland who represents the target area, 22
appointed by the President of the Senate; 23
(2) one member of the House of Delegates who represents the target area, 24
appointed by the Speaker of the House; 25
(3) the Secretary of Housing and Community Development, or the 26
Secretary’s designee; 27
(4) the Secretary of Transportation, or the Secretary’s designee; 28 8 SENATE BILL 4
(5) the Secretary of Commerce, or the Secretary’s designee; 1
(6) the Executive Director of the Maryland Economic Development 2
Corporation, or the Executive Director’s designee; 3
(7) one member of the Baltimore City Council who represents the target 4
area, appointed by the President of the Baltimore City Council; 5
(8) one member appointed by the Mayor of Baltimore City; 6
(9) one member appointed by the Governor; 7
(10) the Director of the Baltimore Development Corporation, or the 8
Director’s designee; 9
(11) the Commissioner of the Baltimore City Department of Housing and 10
Community Development, or the Commissioner’s designee; 11
(12) the Director of the Baltimore City Department of Transportation, or the 12
Director’s designee; 13
(13) the Director of the Baltimore City Department of Planning, or the 14
Director’s designee; 15
(14) the President of Coppin State University, or the President’s designee; 16
(15) the President of the Maryland Institute College of Art, or the 17
President’s designee; 18
(16) two members appointed by the chair of the Authority, or the chair’s 19
designee; and 20
(17) two members who are residents of communities impacted by the target 21
area or buffer zone, WITH ONE MEMBER REPR ESENTING THE NEIGHBO RHOODS EAST 22
OF NORTH FULTON AVENUE AND ONE MEMBER REPRESENTING THE 23
NEIGHBORHOODS WEST O F NORTH FULTON AVENUE, selected by the majority vote of 24
the leadership of the following organizations: 25
(i) Alliance of Rosemont Community Associations; 26
(ii) Bolton Hill Community Association; 27
(iii) Coppin Heights Community Development Corporation; 28
(iv) Druid Heights Community Development Corporation; 29 SENATE BILL 4 9
(v) Greater Mondawmin Coordinating Council; 1
(vi) Penn North Community Association; and 2
(vii) collectively, the leadership of the Reservoir Hill Improvement 3
Council, the Reservoir Hill Association, and the Upper Eutaw Madison Neighborhood 4
Association. 5
[(b)] (C) The President of Coppin State University, or the President’s designee, 6
shall serve as the chair of the [Authority] BOARD. 7
12–710. 8
THE AUTHORITY MAY : 9
(1) ADOPT BYLAWS FOR THE CONDUCT OF ITS BUSIN ESS; 10
(2) ADOPT A SEAL; 11
(3) SUE OR BE SUED; 12
(4) MAINTAIN AN OFFICE A T A PLACE IT DESIGNA TES IN BALTIMORE 13
CITY; 14
(5) MAKE OR ACCEPT AND M ANAGE LOANS , GRANTS, OR ASSISTANCE 15
OF ANY KIND FROM THE FEDERAL OR STATE GOVERNMENT , A LOCAL GOVERNMENT , 16
A COLLEGE OR UNIVERS ITY, A CHARITABLE INSTITU TION, A NONPROFIT 17
ORGANIZATION , A FOR–PROFIT ORGANIZATION , OR A PRIVATE SOURCE ; 18
(6) MAKE GRANTS TO INDIV IDUALS; 19
(7) ACQUIRE PROPERTIES I N BALTIMORE CITY, DIRECTLY OR 20
INDIRECTLY, FROM A PERSON OR POL ITICAL SUBDIVISION , TO IMPROVE, MANAGE, 21
MARKET, MAINTAIN, OR LEASE, FROM A PERSON OR POL ITICAL SUBDIVISION F OR 22
RESIDENTIAL, COMMERCIAL , OR INDUSTRIAL DEVELOP MENT OR REDEVELOPMEN T, 23
INCLUDING COMPREHENS IVE RENOVATION OR RE HABILITATION OF THE LAND OR 24
PROPERTY ON TERMS TH E AUTHORITY CONSIDERS R EASONABLE TO OPERATE A 25
PROJECT IN BALTIMORE CITY, BY: 26
(I) PURCHASE; 27
(II) GIFT; 28
(III) INTEREST; 29 10 SENATE BILL 4
(IV) CONDEMNATION ; 1
(V) EMINENT DOMAIN , EXCEPT FOR OWNER –OCCUPIED 2
RESIDENTIAL PROPERTI ES; 3
(VI) TAX SALE; 4
(VII) FORECLOSURE ; 5
(VIII) RECEIVERSHIP ; 6
(IX) IN REM FORECLOSURE P ROCEEDINGS ; 7
(X) EASEMENT, OR ANY OTHER INTERES T IN LAND; 8
(XI) LEASE; AND 9
(XII) RENT; 10
(8) ACQUIRE, PURCHASE, HOLD, LEASE AS LESSEE , AND USE: 11
(I) A FRANCHISE, PATENT, OR LICENSE; 12
(II) ANY REAL, PERSONAL, MIXED, TANGIBLE, OR INTANGIBLE 13
PROPERTY; OR 14
(III) AN INTEREST IN THE P ROPERTY LISTED IN THIS ITEM; 15
(9) FINANCE ALL OR PART OF THE ACQUISITION O R IMPROVEMENT OF 16
A PROJECT; 17
(10) SELL, LEASE AS LESSOR , TRANSFER, LICENSE, ASSIGN, OR 18
DISPOSE OF PROPERTY OR A PROPERTY INTERE ST THAT THE AUTHORITY 19
ACQUIRES; 20
(11) FIX AND COLLECT RAT ES, RENTALS, FEES, ROYALTIES, AND 21
CHARGES FOR SERVICES AND RESOURCES THE AUTHORITY PROVIDES OR MAKES 22
AVAILABLE; 23
(12) ENTER INTO CONTRACTS WITH ANY FEDERAL , STATE, OR LOCAL 24
GOVERNMENT AGENCY , A GOVERNMENTAL UNIT , A COLLEGE OR UNIVERS ITY, 25
CHARITABLE INST ITUTIONS, OR A PRIVATE ENTITY OR PARTY; 26
SENATE BILL 4 11
(13) EXERCISE POWER USUAL LY POSSESSED BY A PR IVATE 1
CORPORATION IN PERFO RMING SIMILAR FUNCTI ONS UNLESS TO DO SO WOULD 2
CONFLICT WITH STATE LAW; 3
(14) WITH THE OWNER ’S PERMISSION, ENTER LANDS OR PREMI SES TO 4
MAKE A SURVEY , A SOUNDING, A BORING, OR AN EXAMINATION TO ACCOMPLISH THE 5
PURPOSE AUTHORIZED B Y THIS SUBTITLE; 6
(15) CREATE, OWN, CONTROL, OR BE A MEMBER OF A CORPORATION , 7
LIMITED LIABILITY CO MPANY, PARTNERSHIP , OR ANY OTHER ENTITY ; 8
(16) CREATE A SPECIAL DIS TRICT BENEFIT FOR TH E COMMERCIAL 9
BUSINESSES IN THE TA RGET AREA; 10
(17) OPEN A BANK ACCOUNT WITH A NATIONAL OR LOCAL FEDERALLY 11
INSURED FINANCIAL IN STITUTION; 12
(18) SET SALARIES IN ACCO RDANCE WITH THE JURI SDICTION MARKET 13
RATE AND OUTSIDE THE STATE PERSONNEL AND PENSION SYSTEM; 14
(19) CREATE A FORUM FOR S TAKEHOLDERS TO COME TOGETHER ON 15
CREATING A 20–YEAR COMPREHEN SIVE PLAN AROUND ECO NOMIC, HOUSING, 16
TRANSPORTATION , NEIGHBORHOOD , AND GREEN SPACE DEVE LOPMENT WITHIN 17
THE TARGET ZONE ; 18
(20) SERVE AS A CLEARINGH OUSE AND RESOURCE CE NTER FOR 19
PROMOTING COORDINATI ON AND COMMUNICATION ON DEVELOPMENT 20
OPPORTUNITIES FOR TH E WEST NORTH AVENUE CORRIDOR; 21
(21) ENSURE MONEY IS BEIN G SPENT EFFECTIVELY AND EFFICIENTLY 22
ON DEVELOPMENT AND T HAT DEVELOPMENT IS H APPENING IN THE APPR OPRIATE 23
WAY FOR THE WEST NORTH AVENUE CORRIDOR; 24
(22) PROVIDE ADVISORY SER VICES TO STATE AND BALTIMORE CITY 25
AGENCIES ON PLANNING AND DEVELOPMENT FOR THE TARGET AREA ; 26
(23) INITIATE, FUND, AND MONITOR FOR EFFI CIENCY AND 27
EFFECTIVENESS ECONOM IC, HOUSING, TRANSPORTATION , NEIGHBORHOOD , AND 28
GREEN SPACE DEVELOPM ENT WITHIN THE TARGE T AREA; 29
(24) MAKE RULES AND RE GULATIONS FOR THE OP ERATION AND USE 30
OF LAND , PROPERTY, AND UNDERTAKINGS UND ER THE AUTHORITY’S 31
JURISDICTION; AND 32
12 SENATE BILL 4
(25) DO ALL THINGS NECESS ARY OR CONVENIENT TO CARRY OUT THE 1
POWERS EXPRESSLY GRA NTED BY THIS SUBTITL E. 2
12–711. 3
(A) THE AUTHORITY SHALL ESTAB LISH A SYSTEM OF FIN ANCIAL 4
ACCOUNTING , CONTROLS, AUDITS, AND REPORTS . 5
(B) THE FISCAL YEAR OF TH E AUTHORITY BEGINS ON JULY 1 AND ENDS ON 6
THE FOLLOWING JUNE 30. 7
12–712. 8
(A) THE AUTHORITY MAY CREATE AND ADMINISTER THE A CCOUNTS THAT 9
IT REQUIRES. 10
(B) THE AUTHORITY SHALL DEPOS IT ITS MONEY INTO A BALTIMORE CITY 11
OR NATIONAL BANK OR A FEDERALLY INSURED SAVINGS AND LOAN ASS OCIATION 12
THAT HAS A TOTAL PAI D–IN CAPITAL OF AT LEA ST $1,000,000. 13
(C) THE AUTHORITY MAY DESIGNA TE THE TRUST DEPARTM ENT OF A 14
BALTIMORE CITY OR NATIONAL BANK OR SAVINGS AND LOAN ASSOCIATION AS A 15
DEPOSITORY TO RECEIV E SECURITIES THAT TH E AUTHORITY OWNS OR ACQ UIRES. 16
12–713. 17
(A) EXCEPT AS PROVIDED IN SUBSECTION (B) OF THIS SE CTION, THE 18
AUTHORITY IS EXEMPT F ROM TAXATION OR ASSE SSMENTS ON ANY PART OF A 19
DEVELOPMENT OR PROJE CT, THE AUTHORITY’S ACTIVITIES IN OPER ATING AND 20
MAINTAINING A DEVELO PMENT OR PROJECT , AND REVENUES FROM A 21
DEVELOPMENT OR PROJE CT. 22
(B) ANY PROPERTY THAT IS SOLD OR LEASED BY THE AUTHORITY TO A 23
PRIVATE ENTITY IS SU BJECT TO BALTIMORE CITY AND LOCAL REAL P ROPERTY 24
TAXES FROM THE TIME OF SALE OR LEASE . 25
(C) THE AUTHORITY IS EXEMPT F ROM STATE AND LOCAL TRANS FER AND 26
RECORDATION TAX . 27
12–714. 28
(A) IN THIS SECTION , “FUND” MEANS THE WEST NORTH AVENUE 29
DEVELOPMENT AUTHORITY FUND. 30
SENATE BILL 4 13
(B) THERE IS A WEST NORTH AVENUE DEVELOPMENT AUTHORITY FUND. 1
(C) THE PURPOSE OF THE FUND IS TO PROVIDE FU NDS FOR THE 2
AUTHORITY TO USE FOR CONSULTING FEES , SALARIES, AND ADMINISTRATIVE 3
EXPENSES. 4
(D) THE AUTHORITY SHALL ADMIN ISTER THE FUND. 5
(E) (1) THE FUND IS A SPECIAL , NONLAPSING FUND THAT IS NOT 6
SUBJECT TO § 7–302 OF THE STATE FINANCE AND PROCUREMENT ARTICLE. 7
(2) THE STATE TREASURER SHALL HOLD THE FUND SEPARATELY , 8
AND THE COMPTROLLER SHALL ACC OUNT FOR THE FUND. 9
(F) THE FUND CONSISTS OF : 10
(1) MONEY APPROPRIATED I N THE STATE BUDGET TO THE FUND; 11
(2) INTEREST EARNINGS; AND 12
(3) ANY OTHER MONEY FROM ANY OTHER SOURCE ACC EPTED FOR 13
THE BENEFIT OF THE FUND. 14
(G) THE FUND MAY BE USED ONLY FOR ADMINISTRATIVE P URPOSES AND TO 15
CARRY OUT THE FUNCTI ONS OF THIS SUBTITLE . 16
(H) THE STATE TREASURER SHALL INVES T THE MONEY OF THE FUND IN 17
THE SAME MANNER AS O THER STATE MONEY MAY BE IN VESTED. 18
(I) EXPENDITURES FROM THE FUND MAY BE MADE ONLY IN ACCORDANCE 19
WITH THE STATE BUDGET . 20
Article – State Finance and Procurement 21
6–226. 22
(a) (2) (i) 1. This subparagraph does not apply in fiscal years 2024 23
through 2028. 24
2. Notwithstanding any other provision of law, and unless 25
inconsistent with a federal law, grant agreement, or other federal requirement or with the 26
terms of a gift or settlement agreement, net interest on all State money allocated by the 27
State Treasurer under this section to special funds or accounts, and otherwise entitled to 28
receive interest earnings, as accounted for by the Comptroller, shall accrue to the General 29
Fund of the State. 30 14 SENATE BILL 4
(ii) The provisions of subparagraph (i) of this paragraph do not apply 1
to the following funds: 2
204. the Victims of Domestic Violence Program Grant Fund; 3
[and] 4
205. the Proposed Programs Collaborative Grant Fund; AND 5
206. THE WEST NORTH AVENUE DEVELOPMENT 6
AUTHORITY FUND. 7
Chapter 80 of the Acts of 2021 8
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect 9
October 1, 2021. [It shall remain effective for a period of 5 8 years and, at the end of 10
September 30, 2026 2029, this Act, with no further action required by the General 11
Assembly, shall be abrogated and of no further force and effect.] 12
Chapter 81 of the Acts of 2021 13
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect 14
October 1, 2021. [It shall remain effective for a period of 5 8 years and, at the end of 15
September 30, 2026 2029, this Act, with no further action required by the General 16
Assembly, shall be abrogated and of no further force and effect.] 17
Chapter 136 of the Acts of 2023 18
SECTION 3. AND BE IT FURTHER ENACTED, That this Act is an emergency 19
measure, is necessary for the immediate preservation of the public health or safety, has been 20
passed by a yea and nay vote supported by three–fifths of all the members elected to each of 21
the two Houses of the General Assembly, and shall take effect from the date it is enacted. 22
Section 1 of this Act shall remain effective until the taking effect of the termination provision 23
specified in Section 2 of Chapters 80 and 81 of the Acts of the General Assembly of 2021. If 24
that termination provision takes effect, Section 1 of this Act, with no further action required 25
by the General Assembly, shall be abrogated and of no further force and effect. This Act may 26
not be interpreted to have any effect on that termination provision. Section 2 of this Act shall 27
remain effective through September 30, [2026] 2029, and, at the end of September 30, 28
[2026] 2029, Section 2 of this Act, with no further action required by the General Assembly, 29
shall be abrogated and of no further force and effect. 30
SECTION 4. AND BE IT FURTHER ENACTED, That, on or before January 1, 2027, 31
the West North Avenue Development Authority shall report to the General Assembly, in 32
accordance with § 2–1257 of the State Government Article, on the progress of the Authority 33
toward becoming self–sustaining in accordance with § 12–703 of the Economic Development 34
Article, as enacted by Section 3 of this Act. 35 SENATE BILL 4 15
SECTION 4. 5. AND IT BE FURTHER ENACTED, That this Act is an emergency 1
measure, is necessary for the immediate preservation of the public health or safety, has 2
been passed by a yea and nay vote supported by three–fifths of all the members elected to 3
each of the two Houses of the General Assembly, and shall take effect from the date it is 4
enacted. This Act shall remain effective until the taking effect of the termination provision 5
specified in Section 2 of Chapters 80 and 81 of the Acts of the General Assembly of 2021. If 6
that termination provision takes effect, this Act, with no further action required by the 7
General Assembly, shall be abrogated and of no further force and effect. This Act may not be 8
interpreted to have any effect on that termination provision. 9
Approved:
________________________________________________________________________________
Governor.
________________________________________________________________________________
President of the Senate.
________________________________________________________________________________
Speaker of the House of Delegates.