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Unannotated Code of Maryland (Last Updated: May 16, 2014) |
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ECONOMIC DEVELOPMENT |
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DIVISION I. DEPARTMENT OF BUSINESS AND ECONOMIC DEVELOPMENT |
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TITLE 5. ECONOMIC DEVELOPMENT AND FINANCIAL ASSISTANCE PROGRAMS |
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SUBTITLE 13. BRAC REVITALIZATION AND INCENTIVE ZONES |
§ 5-1301. Definitions
Latest version.
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(a) In general. -- In this subtitle the following words have the meanings indicated.
SPECIAL REVISOR'S NOTE
Chapter 338, Acts of 2008, added this subsection.
(b) Area. -- "Area" means a geographic area within one or more political subdivisions within the State described by a closed perimeter boundary.
SPECIAL REVISOR'S NOTE
Chapter 338, Acts of 2008, added this subsection.
(c) BRAC Revitalization and Incentive Zone. -- "BRAC Revitalization and Incentive Zone" means an area that:
(1) meets the requirements of § 5-1303 of this subtitle; and
(2) is designated as a BRAC Revitalization and Incentive Zone by the Secretary under § 5-1304 of this subtitle.
SPECIAL REVISOR'S NOTE
Chapter 338, Acts of 2008, added this subsection.
(d) Enterprise zone. -- "Enterprise zone" has the meaning stated in § 5-701 of this title.
SPECIAL REVISOR'S NOTE
Chapter 338, Acts of 2008, added this subsection.
(e) Political subdivision. -- "Political subdivision" means any county or municipal corporation.
SPECIAL REVISOR'S NOTE
Chapter 338, Acts of 2008, added this subsection.
(f) Submission date. -- "Submission date" means the date the Secretary receives an application from a political subdivision for designation of a BRAC Revitalization and Incentive Zone.
SPECIAL REVISOR'S NOTE
Chapter 338, Acts of 2008, added this subsection.
(g) Tax increment financing bonds. -- "Tax increment financing bonds" means bonds issued by:
(1) a political subdivision under Title 12, Subtitle 2 of this article; or
(2) Baltimore City under Article II, § 62 of the Charter of Baltimore City.
SPECIAL REVISOR'S NOTE
Chapter 338, Acts of 2008, added this subsection.