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2626
LAWS OF MARYLAND
Ch. 298
(3) AT LEAST 70 PERCENT OF THE RESIDENTS LIVING
IN THE AREA OR WITHIN A REASONABLE PROXIMITY WITHIN THAT
COUNTY TO THAT AREA HAVE INCOMES THAT ARE LESS THAN AN
AMOUNT EQUAL TO 80 PERCENT OF THE MEDIAN FAMILY INCOME
WITHIN THE POLITICAL SUBDIVISION IN WHICH THE AREA IS
LOCATED; OR
(4) POPULATION IN THE AREA OR WITHIN A
REASONABLE PROXIMITY WITHIN THAT COUNTY TO THAT AREA
DECREASED BY 10 PERCENT BETWEEN THE DATE OF THE MOST RECENT
CENSUS AND THE DATE OF THE IMMEDIATELY PRECEDING CENSUS, AND
THE POLITICAL SUBDIVISION CAN DEMONSTRATE TO THE SECRETARY'S
SATISFACTION THAT EITHER CHRONIC ABANDONMENT OR DEMOLITION
OF PROPERTY IS OCCURRING IN THAT AREA OR SUBSTANTIAL
PROPERTY TAX ARREARAGES EXIST WITHIN THAT AREA.
(B) THE SECRETARY MAY ESTABLISH BY REGULATION SUCH
ADDITIONAL OTHER REQUIREMENTS AS THE SECRETARY MAY
REASONABLY DETERMINE ARE NECESSARY AND APPROPRIATE TO ASSURE
THAT THE PURPOSES OF THIS ARTICLE ARE SATISFIED.
(C) IN DETERMINING IF AN AREA MEETS THE REQUIREMENTS
OF THIS SECTION THE SECRETARY MAY CONSIDER DATA PROVIDED BY
THE UNITED STATES BUREAU OF THE CENSUS FROM THE MOST RECENT
CENSUS OR ANY OTHER RELIABLE DATA WHICH THE SECRETARY
DETERMINES TO BE ACCEPTABLE FOR THE PURPOSES FOR WHICH SUCH
DATA ARE USED.
266KK-4. INCENTIVES AND INITIATIVES.
(A) THE FOLLOWING INCENTIVES AND INITIATIVES SHALL BE
AVAILABLE TO BUSINESS ENTITIES TO THE EXTENT PROVIDED FOR IN
THIS SECTION.
(1) THE SPECIAL PROPERTY TAX CREDIT SET FORTH IN
§ 12G-11 OF ARTICLE 81.
(2) THE INCOME TAX CREDITS SET FORTH IN § 291A
OF ARTICLE 81.
(3) THE CONSIDERATION FOR LOANS UNDER THE
MARYLAND INDUSTRIAL LAND ACT SET FORTH IN § 441D OF THIS
ARTICLE.
(4) THE CONSIDERATION FOR GRANTS AND LOANS FROM
THE MARYLAND INDUSTRIAL AND COMMERCIAL REDEVELOPMENT FUND
SET FORTH IN §§ 462(D) § 462(C).
(5) INSURANCE BY THE ENTERPRISE ZONE VENTURE
CAPITAL LOAN GUARANTEE FUND ESTABLISHED IN § 266KK-5 OF THIS
ARTICLE.
(B) ANY BUSINESS ENTITY MOVING INTO OR LOCATING WITHIN
AN ENTERPRISE ZONE ON OR AFTER THE DATE ON WHICH THE
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