- (a) In this subtitle the following words have the meanings indicated.
- (b) “Bond” means a bond, note, or other similar instrument that a political subdivision issues under this subtitle.
- (c) “Chief executive” means the president, chair, mayor, county executive, or any other chief executive officer of a political subdivision.
- (d) “Designated blighted area” means an area designated under § 12-303 of this subtitle.
- (e) “Financed area” means the geographic portion of a designated blighted area for which the proceeds of a bond are to be used under § 12-303 of this subtitle.
- (f) “Political subdivision” means a county or municipal corporation.
Added by Acts 2008, c. 306, § 2, eff. Oct. 1, 2008.