2508

LAWS OF MARYLAND

[Ch. 495

(D)     THE ORDINANCE MAY INCLUDE WHATEVER ADDITIONAL
PROVISIONS RELATING TO THE ORGANIZATION OF THE PUBLIC
BODY OR AGENCY AS MAY BE NECESSARY.

(E)     IN THE EVENT THE LEGISLATIVE BODY ENACTS THIS
ORDINANCE, ALL OF THE POWERS BY THIS SUBHEADING GRANTED
TO THE MUNICIPALITY, FROM THE EFFECTIVE DATE OF THE
ORDINANCE, ARE VESTED IN THE PUBLIC BODY OR AGENCY
ESTABLISHED BY THE ORDINANCE.

126E. POWERS WITHHELD FROM THE AGENCY

THE AGENCY MAY NOT:

(A)    PASS A RESOLUTION TO INITIATE AN URBAN RENEWAL
PROJECT PURSUANT TO SECTIONS 126B AND 126C OF THIS
SUBHEADING.

(B)    ISSUE GENERAL OBLIGATION BONDS PURSUANT TO
SECTION 126-I OF THIS SUBHEADING.

(C)     THE POWER TO APPROPRIATE FUNDS, AND TO LEVY
TAXES AND ASSESSMENTS PURSUANT TO SECTION 126C(C) OF THIS
SUBHEADING.

126F. INITIATION OF PROJECT

IN ORDER TO INITIATE AN URBAN RENEWAL PROJECT, THE
LEGISLATIVE BODY OF THE MUNICIPALITY SHALL ADOPT A
RESOLUTION WHICH

(A)    FINDS THAT ONE OR MORE SLUM OR BLIGHTED AREAS
EXIST IN THE MUNICIPALITY;

(B)    LOCATES AND DEFINES THE SLUM OR BLIGHTED AREA;

(C)     FINDS THAT THE REHABILITATION, REDEVELOPMENT,
OR A COMBINATION OF THEM, OF THE AREA OR AREAS, IS
NECESSARY AND IN THE INTEREST OF THE PUBLIC HEALTH,
SAFETY, MORALS OR WELFARE OF THE RESIDENTS OF THE
MUNICIPALITY.

126G.                    PREPARATION AND APPROVAL OF PLAN FOR URBAN

RENEWAL PROJECT

(A) IN ORDER TO CARRY OUT THE PURPOSES OF THIS
SUBHEADING, THE MUNICIPALITY SHALL HAVE PREPARED AN URBAN
RENEWAL PLAN FOR SLUM OR BLIGHTED AREAS IN THE
MUNICIPALITY, AND SHALL APPROVE THE PLAN FORMALLY. PRIOR
TO ITS APPROVAL OF AN URBAN RENEWAL PROJECT, THE
MUNICIPALITY SHALL SUBMIT THE PLAN TO THE PLANNING BODY
OF THE MUNICIPALITY FOR REVIEW AND RECOMMENDATIONS AS TO
ITS CONFORMITY WITH THE MASTER PLAN FOR THE DEVELOPMENT
OF THE MUNICIPALITY AS A WHOLE. THE PLANNING BODY SHALL