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2005 LAWS OF MARYLAND
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Ch. 598
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[(iv)] (III) public infrastructure projects; and
[(v)](IV) debt reduction RELATED TO CAPITAL IMPROVEMENTS
EXPENDITURES.
(3) THE REVENUES FROM THE BUILDING EXCISE TAX IMPOSED ON
SINGLE-FAMILY RESIDENTIAL UNITS OR MULTIFAMILY RESIDENTIAL UNITS MAY
ONLY BE USED AS FOLLOWS:
(I) 70% FOR SCHOOLS;
(II) 23% FOR ROADS; AN©
(III) 7% 2% FOR PUBLIC LIBRARIES,; AND
(IV) 5% FOR PARKS AND RECREATIONAL FACILITIES, PUBLIC
SAFETY, WATER AND SEWER INFRASTRUCTURE, AND AGRICULTURAL LAND
PRESERVATION.
(4) (I) THE REVENUES FROM THE BUILDING EXCISE TAX IMPOSED ON
SINGLE-FAMILY RESIDENTIAL UNITS AND MULTIFAMILY RESIDENTIAL UNITS USED
FOR ROADS, PUBLIC LIBRARIES, WATER AND SEWER INFRASTRUCTURE, AND PARKS
AND RECREATION MAY ONLY BE USED FOR THE CAPITAL COSTS OF PUBLIC WORKS,
IMPROVEMENTS, AND FACILITIES.
(II) THE REVENUES FROM THE BUILDING EXCISE TAX IMPOSED ON
SINGLE-FAMILY RESIDENTIAL UNITS AND MULTIFAMILY RESIDENTIAL UNITS USED
FOR SCHOOLS MAY ONLY BE USED FOR THE CAPITAL COSTS THAT PRIMARILY
PROVIDE ADDITIONAL CAPACITY REQUIRED TO ACCOMMODATE NEW
CONSTRUCTION OR DEVELOPMENT.
(5) AT THE END OF A FISCAL YEAR, ANY UNSPENT OR UNENCUMBERED
BALANCE IN THE SPECIAL FUND SHALL REMAIN IN THE FUND AVAILABLE FOR USE
IN FUTURE FISCAL YEARS FOR PURPOSES SPECIFIED IN THIS SUBSECTION AND
DOES NOT REVERT TO THE GENERAL FUND OF WASHINGTON COUNTY.
(D) (1) (I) THIS PARAGRAPH APPLIES TO A MUNICIPAL CORPORATION
WITHIN WASHINGTON COUNTY THAT HAS NOT ADOPTED AN ADEQUATE PUBLIC
FACILITIES ORDINANCE WITH SCHOOL ADEQUACY TESTS SUBSTANTIALLY SIMILAR
TO OR MORE STRINGENT THAN THE ADEQUATE PUBLIC FACILITIES ORDINANCE
ADOPTED BY THE COUNTY COMMISSIONERS.
(II) A MUNICIPAL CORPORATION DESCRIBED IN SUBPARAGRAPH (I)
OF THIS PARAGRAPH SHALL ASSIST THE COUNTY COMMISSIONERS IN THE
COLLECTION OF THE BUILDING EXCISE TAX WITHIN THE MUNICIPAL CORPORATION
BY:
1. COLLECTING AND REMITTING THE TAX TO THE COUNTY;
OR
2. REQUIRING THE TAX TO BE PAID TO THE COUNTY
COMMISSIONERS IN ACCORDANCE WITH THE TERMS OF THE COUNTY ORDINANCE.
- 3412 -
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