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ROBERT L. EHRLICH, JR., Governor
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Ch. 275
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(8) INTEREST BEFORE AND DURING CONSTRUCTION AND, IF AN
AUTHORITY DETERMINES, FOR A LIMITED PERIOD AFTER THE COMPLETION OF
CONSTRUCTION;
(9) RESERVES FOR PRINCIPAL AND INTEREST AND FOR IMPROVEMENTS;
(10) THE COST OF REVENUE ESTIMATES, ENGINEERING AND LEGAL
SERVICES, PLANS, DESIGNS, SPECIFICATIONS, SURVEYS, INVESTIGATIONS,
DEMONSTRATIONS, STUDIES, ESTIMATES OF COST, AND OTHER EXPENSES
NECESSARY OR INCIDENT TO DETERMINING THE FEASIBILITY OR PRACTICABILITY
OF AN ACQUISITION OR IMPROVEMENT; AND
(11) ADMINISTRATIVE EXPENSES AND OTHER EXPENSES AS NECESSARY
OR INCIDENT TO:
(I) FINANCING A PROJECT;
(II) ACQUIRING AND IMPROVING A PROJECT;
(III) PLACING A PROJECT IN OPERATION BY AN AUTHORITY OR
OTHER OWNER, INCLUDING REASONABLE PROVISION FOR WORKING CAPITAL; AND
(IV) OPERATING AND MAINTAINING A PROJECT.
(E) "COUNCIL" MEANS THE MARYLAND MILITARY INSTALLATION STRATEGIC
PLANNING COUNCIL.
(F) "IMPROVE" MEANS TO ADD, ALTER, CONSTRUCT, EQUIP, EXPAND, EXTEND,
RECONSTRUCT, REHABILITATE, REMODEL, OR REPAIR
(G) (1) "LOCAL REDEVELOPMENT AUTHORITY" OR "AUTHORITY" MEANS A
CORPORATION INCORPORATED IN ACCORDANCE WITH THIS SUBTITLE TO ACT AS A
LOCAL REDEVELOPMENT AUTHORITY IN ACCORDANCE WITH CRITERIA SET BY THE
U.S. DEPARTMENT OF DEFENSE OR ITS MILITARY SERVICES UNDER THE FEDERAL
DEFENSE BASE CLOSURE AND REALIGNMENT ACT OF 1990.
(2) "LOCAL REDEVELOPMENT AUTHORITY" OR "AUTHORITY" DOES NOT
INCLUDE:
(I) BAINBRIDGE DEVELOPMENT CORPORATION; OR
(II) HOLABIRD WORKING GROUP/BALTIMORE DEVELOPMENT
CORPORATION (BDC); OR
(II) (III) PENMAR DEVELOPMENT CORPORATION.
(H) "MEDCO" MEANS THE MARYLAND ECONOMIC DEVELOPMENT
CORPORATION ESTABLISHED UNDER § 5-203 OF THIS ARTICLE.
(I) (1) "PERSON" MEANS AN INDIVIDUAL, RECEIVER, TRUSTEE, GUARDIAN,
PERSONAL REPRESENTATIVE, FIDUCIARY, REPRESENTATIVE OF ANY KIND,
PARTNERSHIP, FIRM, ASSOCIATION, CORPORATION, OR OTHER ENTITY.
(2) "PERSON" INCLUDES A POLITICAL SUBDIVISION.
- 1359 -
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