Ch. 120                                    1995 LAWS OF MARYLAND

Subtitle [5.] 8. Industrial and Commercial Redevelopment.
[5-501.] 5-801.

(a)     In this subtitle the following words have the meanings indicated.

(b)     "Department" means the Department of BUSINESS AND Economic [and
Employment] Development.

(c)     (1) "Eligible project cost" means the cost of planning, developing, executing,
and making operative an industrial or commercial redevelopment project.

(2) "Eligible project cost" includes:

(i) The cost of purchasing, leasing, condemning, or otherwise
acquiring land or other property, or an interest in them, in the designated project area or
as necessary for a right-of-way or other easement to or from the project area;

(ii) The cost incurred in connection with or incidental to acquisition
and management of the land, property, or interest;

(iii) The cost incurred for or in connection with the relocation and
moving of persons or other legal entities displaced by the acquisition;

(iv) The cost of development or redevelopment, including:

1.       The comprehensive renovation or rehabilitation of the land,
property, or interest in them; and

2.       The disposition of land or other property for these purposes;

(v) The cost of demolishing, removing, relocating, renovating, altering,
constructing, reconstructing, installing, or repairing any land or any building, street,
highway, alley, utility, service, or other structure or improvement;

(vi) The cost incurred for or incidental to doing anything enumerated
in this paragraph, including the cost and expense of securing:

1.       Administrative, appraisal, economic, and environmental
analysis;

2.       Engineering service;

3.  . Planning service;

4.       Design service;

5.       Architectural service;

6.       Surveying service; and

7.       Other professional service.

(d)     "Fund" means the Industrial and Commercial Redevelopment Fund.

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