HARRY HUGHES, Governor

3517

GEOGRAPHICAL LIMITS; TO SPECIFY FUNCTIONS OF THE AUTHORITY, WHICH
MAY INCLUDE PROMOTION, DEVELOPMENT, MARKETING, AND PROVIDING
SECURITY, MAINTENANCE, OR IMPROVEMENTS WITHIN THE COMMERCIAL
MANAGEMENT DISTRICT; AND TO PROVIDE FINANCING FOR THE AUTHORITY
THROUGH FEES OR TAXES WHICH MAY BE CHARGED TO BUSINESSES SUBJECT
TO THE AUTHORITY'S JURISDICTION. AN AUTHORITY AUTHORIZED BY THIS
PARAGRAPH MAY NOT HAVE THE POWER OF EMINENT DOMAIN AND MAY NOT
CONSTRUCT OR LEASE AS LANDLORD OFFICE OR RETAIL SPACE. ANY FEES
OR TAXES IMPOSED UNDER THIS PARAGRAPH SHALL BE USED ONLY FOR THE
BENEFIT OF THE DISTRICT AND ONLY FOR THE PURPOSES STATED IN THIS
PARAGRAPH AND MAY NOT REVERT TO THE GENERAL FUND OF THE COUNTY.

IN ACCORDANCE WITH THE PROVISIONS OF THIS SUBSECTION, TO

ESTABLISH A COMMERCIAL DISTRICT MANAGEMENT AUTHORITY FOR ANY

COMMERCIAL DISTRICT WITHIN ITS GEOGRAPHICAL LIMITS.

(I) AS TO EACH AUTHORITY IT ESTABLISHES, THE
COUNTY GOVERNING BODY SHALL:

1. SPECIFY THE MEMBERSHIP, ORGANIZATION,
JURISDICTION, AND GEOGRAPHICAL LIMITS OF THE AUTHORITY;

2. SPECIFY ONE OR MORE OF THE FOLLOWING
AS THE PURPOSES OF THE AUTHORITY:

A. PROMOTION;

B. MARKETING; AND

C. THE PROVISION OF SECURITY,
MAINTENANCE, OR AMENITIES WITHIN THE DISTRICT; AND

3. PROVIDE SUCH FINANCING AS IT DEEMS
APPROPRIATE FOR THE AUTHORITY THROUGH FEES WHICH MAY BE CHARGED
TO, OR TAXES WHICH MAY BE LEVIED AGAINST, BUSINESSES SUBJECT TO
THE AUTHORITY'S JURISDICTION.

(II) AN AUTHORITY ESTABLISHED PURSUANT TO THIS
SUBSECTION MAY NOT:

1. EXERCISE THE POWER OF EMINENT DOMAIN;

2. PURCHASE, SELL, CONSTRUCT, OR, AS A
LANDLORD, LEASE OFFICE OR RETAIL SPACE; OR

3. EXCEPT AS OTHERWISE AUTHORIZED BY LAW,
OTHERWISE ENGAGE IN COMPETITION WITH THE PRIVATE SECTOR.

(III) ANY FEES OR TAXES IMPOSED UNDER THIS
SUBSECTION SHALL BE USED ONLY FOR THE PURPOSES STATED IN THIS
SUBSECTION AND MAY NOT REVERT TO THE GENERAL FUND OF THE COUNTY.

(IV) THE COUNTY COMMISSIONERS MAY ESTABLISH AN
AUTHORITY PURSUANT TO THIS SUBSECTION AS A SPECIAL TAXING
DISTRICT.