Md. Code Ann., Econ. Dev. § 5-1304
Designation--Procedure; limitations
Effective Jun 1, 2010Added as Economic Development § 5-1204 by Acts 2008, c. 338, § 1, eff. Oct. 1, 2008. Renumbered as Economic Development § 5-1304 by Acts 2008, c. 36, § 6, eff. April 8, 2008. Amended by Acts 2009, c. 728, § 1, eff. June 1, 2009; Acts 2010, c. 487, § 1, eff. June 1, 2010.State of Maryland
(a)
- (1) Within 60 days after a submission date, the Secretary, after receiving a recommendation of the Smart Growth Subcabinet, may designate one or more BRAC Revitalization and Incentive Zones from among the areas described in the applications timely submitted.
- (2) The designation of an area as a BRAC Revitalization and Incentive Zone is effective for 10 years, beginning on the date the first property in the BRAC Revitalization and Incentive Zone becomes a qualified property, as defined in § 2-222 of the Tax--Property Article.
- (3) The Secretary may not designate more than six BRAC Revitalization and Incentive Zones in a calendar year.
- (4) A county may not receive more than two BRAC Revitalization and Incentive Zones.
- (5) The precise location and boundaries of a BRAC Revitalization and Incentive Zone may be determined only on application to and approval by the Secretary.
- (b) The designation of the Secretary is final.
- (c) At any time, a political subdivision may reapply to the Secretary to designate as a BRAC Revitalization and Incentive Zone an area that is not designated.
(d)
- (1) This subsection applies only to a political subdivision that is authorized under § 7-211.3 of the Tax--Property Article to enter into a payment in lieu of tax agreement with a private developer for federal enclave property.
- (2) The Secretary may not designate a BRAC Revitalization and Incentive Zone in a county until, in the judgment of the Secretary, the political subdivision has entered into good faith negotiations for a payment in lieu of tax agreement with all private developers of federal enclave property.
Added as Economic Development § 5-1204 by Acts 2008, c. 338, § 1, eff. Oct. 1, 2008. Renumbered as Economic Development § 5-1304 by Acts 2008, c. 36, § 6, eff. April 8, 2008. Amended by Acts 2009, c. 728, § 1, eff. June 1, 2009; Acts 2010, c. 487, § 1, eff. June 1, 2010.