Md. Code, Economic Development § 12-403
This is the official text of Md. Code, Economic Development § 12-403, part of Maryland’s Code, Economic Development — governs the state's economic development programs.
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§12–403.
Official statutory text
(a) Subject to a public hearing under § 12–408 of this subtitle and to accomplish one or more of the legislative purposes listed in § 12–402 of this subtitle, the legislative body of a county or municipal corporation may adopt a local law to create a business improvement district in accordance with this subtitle.
(b) Subsection (a) of this section is self–executing and fully authorizes a county or municipal corporation to establish a district, notwithstanding any other statutory or charter provision.
(c) A local law adopted under subsection (a) of this section shall include:
(1) the name of the district corporation;
(2) that the district corporation is formed under this subtitle;
(3) the names, addresses, and terms of office of the initial members of the board of directors of the district corporation;
(4) the address of the principal office of the district corporation;
(5) the purposes for which the district is formed;
(6) the powers of the district, subject to the limitations on the powers of districts under this subtitle; and
(7) if applicable, articles of incorporation of the district corporation.
(b) Subsection (a) of this section is self–executing and fully authorizes a county or municipal corporation to establish a district, notwithstanding any other statutory or charter provision.
(c) A local law adopted under subsection (a) of this section shall include:
(1) the name of the district corporation;
(2) that the district corporation is formed under this subtitle;
(3) the names, addresses, and terms of office of the initial members of the board of directors of the district corporation;
(4) the address of the principal office of the district corporation;
(5) the purposes for which the district is formed;
(6) the powers of the district, subject to the limitations on the powers of districts under this subtitle; and
(7) if applicable, articles of incorporation of the district corporation.
Status: in_force · Read it on the official government site
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