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Session Laws, 1996
Volume 794, Page 1769   View pdf image
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PARRIS N. GLENDENING, Governor                                Ch. 266

(1) ALL LAND, PROPERTY, RIGHTS, EASEMENTS, FRANCHISES, AND
LICENSES OR INTERESTS THEREIN DEEMED NECESSARY FOR ANY UNDERTAKING
AUTHORIZED BY THIS SUBTITLE;

(2) ALL LABOR, MATERIALS, MACHINERY, FURNISHINGS, AND
EQUIPMENT;

(3) FINANCING CHARGES;

(4) ESTABLISHMENT OF RESERVES;

(5) INTEREST PRIOR TO AND DURING CONSTRUCTION AND FOR A
REASONABLE PERIOD AFTER COMPLETION OF CONSTRUCTION;

(6) ENGINEERING, ARCHITECTURAL, AND LEGAL SERVICES;

(7) PLANS, SPECIFICATIONS, SURVEYS, ESTIMATES OF COSTS AND OF
REVENUES. AND OTHER EXPENSES NECESSARY OR INCIDENT TO DETERMINING THE
FEASIBILITY OR PRACTICALITY OF ANY LAND OR PROPERTY ACQUISITION OR ANY
DEVELOPMENT OR REDEVELOPMENT PROJECT;

(8) ADMINISTRATIVE EXPENSES;

(9) LETTERS OR LINES OF CREDIT, MUNICIPAL BOND INSURANCE, OR
ANY OTHER FORM OF FINANCIAL GUARANTY OR SURETY;

(10)    WORKING CAPITAL; AND

(11)    OTHER EXPENSES AS MAY BE NECESSARY OR INCIDENT TO THE
ACQUISITION OF LAND OR PROPERTY, OR THE DEVELOPMENT OR
REDEVELOPMENT, INCLUDING, BUT NOT LIMITED TO, THE COMPREHENSIVE
RENOVATION OR REHABILITATION, OF LAND OR PROPERTY IN ACCORDANCE WITH
THIS SUBTITLE

(D) "COUNTY' MEANS PRINCE GEORGE'S COUNTY, MARYLAND.

(E) "LOCAL LAW MEANS A LEGISLATIVE ACT OF THE COUNTY.

(F) "REDEVELOPMENT AUTHORITY" MEANS THE REDEVELOPMENT
AUTHORITY OF PRINCE GEORGE'S COUNTY AUTHORIZED TO BE ESTABLISHED
PURSUANT TO THIS SUBTITLE

15B-103.

(A) IN ADDITION TO POWERS GRANTED UNDER ARTICLE 25A, § 5 OF THE
ANNOTATED CODE OF MARYLAND AND ANY ADDITIONAL POWERS CONFERRED BY
OTHER LAWS, THE COUNTY IS AUTHORIZED, AS SPECIFIED BY LOCAL LAW:

(1) TO ACQUIRE WITHIN THE BOUNDARY LINES OF THE COUNTY, LAND
AND PROPERTY OF EVERY KIND, AND ANY RIGHT, INTEREST, FRANCHISE
EASEMENT OR PRIVILEGE IN THE PROPERTY, BY PURCHASE LEASE GIFT,
CONDEMNATION, OR ANY OTHER LEGAL MEANS, FOR RESIDENTIAL COMMERCIAL,
OR INDUSTRIAL DEVELOPMENT OR REDEVELOPMENT, INCLUDING, BUT NOT
LIMITED TO, THE COMPREHENSIVE RENOVATION OR REHABILITATION THEREOF;

- 1769 -

 

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Session Laws, 1996
Volume 794, Page 1769   View pdf image
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