Ch. 549

1995 LAWS OF MARYLAND

(2) THE LAND OF A SPECIAL TAXING DISTRICT CREATED UNDER THIS
SECTION MAY BE LOCATED IN DIFFERENT SUBDIVISIONS, AND EITHER A COUNTY
OR A MUNICIPAL CORPORATION MAY ISSUE BONDS TO FINANCE THE

INFRASTRUCTURE IMPROVEMENTS IRRESPECTIVE OF WHETHER THE

IMPROVEMENTS ARE ALL LOCATED WITHIN THE GEOGRAPHIC BOUNDARIES OF
SUCH COUNTY OR MUNICIPAL CORPORATION.

Article 23A—Corporations—Municipal

44A.

(a) (1) In this section the following words have the meanings indicated.

(2) "Bond" means a revenue bond, note, or other similar instrument issued
by a municipal corporation in accordance with this section.

(3) "Cost" includes the cost of:

(i) Construction, reconstruction, and renovation, and acquisition of all
lands, structures, property, real or personal, rights, rights of way, franchises, easements,
and interests acquired or to be acquired by the municipal corporation or any other
governmental unit having jurisdiction over the infrastructure improvement;

(ii) All machinery and equipment including machinery and equipment
needed to expand or enhance municipal services to the special taxing district;

(iii) Financing charges and interest prior to and during construction,
and, if deemed advisable by the municipal corporation, for a limited period after
completion of the construction, interest and reserves for principal and interest, including
costs of municipal bond insurance and any other type of financial guaranty and costs of
issuance;

(iv) Extensions, enlargements, additions, and improvements;

(v) Architectural, engineering, financial, and legal services;

(vi) Plans, specifications, studies, surveys, and estimates of cost and of
revenues;

(vii) Administrative expenses necessary or incident to determining to
proceed with the infrastructure improvements; and

(viii) Other expenses as may be necessary or incident to the
construction, acquisition, and financing of the infrastructure improvements.

(4) "MUNICIPAL" OR "MUNICIPAL CORPORATION" INCLUDES, FOR
PURPOSES OF IMPLEMENTING ARTICLE 31, § 34 OF THE CODE, A COUNTY THAT IS
SUBJECT TO THE PROVISIONS OF ARTICLE 25, 25A, OR 25B OF THE CODE.

(b) (1) Subject to [subsections (c) through (j)] THE PROVISIONS of this
section, and for the purpose stated in paragraph (2) of this subsection, each municipal
corporation in the State may:

(i) Create a special taxing district;
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