PARRIS N. GLENDENING, Governor                             Ch. 266

FOR the purpose of authorizing the County Executive and County Council of Prince
George's County to establish a redevelopment agency that has certain powers to
acquire land or property for development or redevelopment and to dispose of the
land or property under certain circumstances; prohibiting land or property from
being taken by exorcising the power of eminent domain under the provisions of this
Act without just compensation being first paid to the party entitled to the
compensation; declaring that all land or property taken under the provisions of this
Act are needed or taken for a public use or a public benefit; and generally relating
to the authority of the County Executive and County Council of Prince George's
County to establish a redevelopment agency to exercise the power of eminent
domain for development or redevelopment in the county.

FOR the purpose of establishing certain declarations and findings; authorizing Prince
George's County to exercise certain powers to acquire land or property for
residential, commercial, or industrial development or redevelopment, to develop or
redevelop land or property for residential, commercial, or industrial purposes, and
to dispose of land or property for residential, commercial, or industrial development
or redevelopment under certain circumstances; prohibiting land or property from
being taken by the County by exercise of the power of eminent domain under the
provisions of this Act without just compensation being first paid to the party entitled
to compensation; declaring that all land or property taken by the County by exercise
of the power of eminent domain under the provisions of this Act is needed or taken
for public use or a public benefit: authorizing the County Executive and County
Council of Prince George's County to establish the Redevelopment Authority of
Prince George's County; specifying the purposes, legal status, powers, duties, and
requirements applicable to the Authority; providing for the membership, officers,
employees, and agents of the Authority; specifying the powers of the County
concerning the Authority; authorizing the County to delegate certain powers to the
Authority to acquire, including by exercise of the power of eminent domain, land or
property for residential, commercial, or industrial development or redevelopment,
to develop or redevelop land or property for residential, commercial, or industrial
purposes, and to dispose of land or property for residential, commercial, or
industrial development or redevelopment under certain circumstances; prohibiting
land or property from being taken by the Authority by exercise of the power of
eminent domain under the provisions of this Act without just compensation being
first paid to the party entitled to compensation; providing that a decision of the
Authority to take certain property by exercise of the power of eminent domain must
be approved by the County Council after notice to the property owner; declaring
that all land or property taken by the Authority by exercise of the power of eminent
domain under the provisions of this Act are needed or taken for public use or a
public benefit; authorizing the Authority to issue certain bonds and other evidences
of indebtedness and authorizing the County to guarantee these obligations;
requiring that the bonds be approved by the governing body of the County prior to
their issuance; providing that the County's guarantee of the bonds is subject to any
applicable referendum requirements of the County's Charter; requiring the
Authority under certain circumstances to provide certain notice and hold a certain
hearing before issuing certain bonds: providing for certain exemptions from
taxation; providing certain penalties for violations of the regulations of the

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