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2005 LAWS OF MARYLAND
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Ch. 275
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(J) (1) "PROJECT" MEANS AN UNDERTAKING TO ESTABLISH ECONOMIC
ACTIVITY UNDER THIS SUBTITLE ON PROPERTY TO BE CONVEYED TO AN AUTHORITY
BY THE U.S. DEPARTMENT OF DEFENSE OR A MILITARY SERVICE, WHETHER OR NOT
A FACILITY OR PROPERTY USED OR USEFUL IN CONNECTION WITH ANY ACTIVITY
RELATED TO THE ECONOMIC ACTIVITY ON THE PROPERTY:
(I) IS OR WILL BE USED FOR PROFIT OR NOT FOR PROFIT;
(II) IS LOCATED ON A SINGLE SITE OR MULTIPLE SITES; OR
(III) MAY BE FINANCED BY BONDS, THE INTEREST OF WHICH IS
EXEMPT FROM TAXATION UNDER FEDERAL LAW.
(2) "PROJECT" INCLUDES:
(I) LAND OR AN INTEREST IN LAND;
(II) STRUCTURES, MACHINERY, EQUIPMENT, AND FURNISHINGS;
(III) REAL OR PERSONAL PROPERTY, OR ANY CONTINUATION OF
REAL AND PERSONAL PROPERTY, AND RIGHTS RELATED TO THE PROPERTY,
APPURTENANCES, RIGHTS-OF-WAY, FRANCHISES, AND EASEMENTS;
(IV) LAND AND FACILITIES THAT ARE FUNCTIONALLY RELATED
AND SUBORDINATE TO THE PROJECT; AND
(V) PATENTS, LICENSES, AND OTHER RIGHTS NECESSARY OR
USEFUL IN THE IMPROVEMENT OR OPERATION OF A PROJECT.
(K) (1) "REVENUES" MEANS THE INCOME, REVENUE, AND OTHER MONEY AN
AUTHORITY RECEIVES FROM OR IN CONNECTION WITH A PROJECT.
(2) "REVENUES" INCLUDES GRANTS, RENTALS, RATES, FEES, CHARGES
FOR THE USE OF THE SERVICES FURNISHED OR AVAILABLE, AND ALL OTHER
INCOME OF THE AUTHORITY CONNECTED WITH A PROJECT.
5-1702.
(A) THE GENERAL ASSEMBLY FINDS THAT:
(1) THE ECONOMY OF THE STATE AND ITS LOCAL GOVERNMENTS WILL
BE GREATLY IMPACTED BY THE CLOSURE OR REALIGNMENT OF ANY MILITARY
INSTALLATION THROUGH ANY BASE REALIGNMENT OR CLOSING ACTION;
(2) ALTHOUGH A CLOSURE OR REALIGNMENT WILL RESULT IN
ECONOMIC CONTRACTION AND DISLOCATION, IT ALSO AFFORDS OPPORTUNITIES TO
EXPAND PRODUCTIVE EMPLOYMENT AND EXPAND THE STATE'S ECONOMY AND TAX
BASE;
(3) FOR THIS REASON, THE GENERAL ASSEMBLY ENACTED THE
MARYLAND MILITARY INSTALLATION STRATEGIC PLANNING COUNCIL ACT; AND
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