Ch. 499 LAWS OF MARYLAND
IMPROVEMENT PROGRAMS AND ALCOHOL EDUCATION OR DRIVER
IMPROVEMENT PROGRAMS PROVIDED BY A POLITICAL SUBDIVISION OF
THE STATE.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take
effect July 1, 1990.
Approved May 29, 1990.
CHAPTER 499
(Senate Bill 727)
AN ACT concerning
Municipal Corporations - Financing of New Development Infrastructure Improvements
FOR the purpose of authorizing municipal corporations to finance or refinance the cost
of certain infrastructure improvements for the development of land within the
municipal corporation through the creation of special taxing districts and the
levying of taxes thereon; authorizing the issuance of bonds or other obligations of
the municipal corporation that are payable from certain taxes collected; specifying
the procedures to be followed in creating the special taxing districts and issuing
the bonds; providing for the tax exempt nature and the form of the bonds; defining
certain terms; and generally relating to the creation of certain special tax districts
and the issuance of bonds by municipal corporations to finance or refinance
infrastructure improvements for the development of land.
BY adding to
Article 23A - Corporations - Municipal
Section 44A
Annotated Code of Maryland
(1987 Replacement Volume and 1989 Supplement)
Preamble
WHEREAS, The provisions of Section 5 of Article XI-E of the Maryland
Constitution prohibits any municipal corporation classified by the General Assembly
under the provisions of Section 2 of Article XI-E of the Constitution from levying any
type of tax, license fee, franchise tax or fee which was not in effect in the municipal
corporation on January 1, 1954, unless it has received the express authorization of the
General Assembly for that purpose, by a general law which in its terms and in its effect
applies alike to all similarly classified municipal corporations; now, therefore,
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
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