1. (1) the governing body of Prince George's County has adopted a resolution designating the extraordinary development district; and
2. (2) the Commission has adopted a resolution approving the agreement.

The Commission may not enter into an agreement with Prince George's County to pay and pledge as security all or a portion of the property taxes levied by the county under §§ 18-304, 18-306, and 18-307 of this subtitle on the tax increment in an extraordinary development district in the county to the county for deposit into a special fund for an extraordinary development district under § 12-210 of the Economic Development Article until:

Added by Acts 2016, c. 304, § 1, eff. June 1, 2016. Amended by Acts 2026, c. 348, § 2, eff. April 28, 2026.