Ch. 266

1996 LAWS OF MARYLAND

(2) THE REDEVELOPMENT AUTHORITY SHALL NOTIFY THE PRINCE
GEORGE'S COUNTY DELEGATIONS OF THE MARYLAND HOUSE OF DELEGATES AND
THE SENATE OF MARYLAND OF A PROPOSED ISSUANCE OF BONDS AT LEAST 2
WEEKS BEFORE HOLDING THE PUBLIC HEARING REQUIRED UNDER THIS
SUBSECTION.

15B-111.

AS SPECIFIED BY LOCAL LAW. AND TO THE EXTENT NOT INCONSISTENT WITH
ANY CONSTITUTIONAL OR CHARTER PROVISION OR ANY PUBLIC GENERAL OR
PUBLIC LOCAL LAW, THE COUNTY MAY:

(1) ASSIGN, PLEDGE GRANT. CONTRIBUTE, OR PROVIDE TO THE
REDEVELOPMENT AUTHORITY ANY TAXES. RATES. RENTALS, FEES, CHARGES OR
OTHER FUNDS HELD OR RECEIVABLE BY THE COUNTY FOR ANY PURPOSE. AND
ASSIGN, PLEDGE, LEASE, OR OTHERWISE CONVEY TO THE REDEVELOPMENT
AUTHORITY, OR ENCUMBER, ANY LAND OR PROPERTY OWNED OR OTHERWISE
HELD BY THE COUNTY. INCLUDING AS ADDITIONAL SECURITY FOR ANY BONDS OF
THE REDEVELOPMENT AUTHORITY; AND

(2) (1) ADVANCE AMOUNTS TO THE REDEVELOPMENT AUTHORITY
FOR ANY PURPOSE INCLUDING PAYMENT OF PRELIMINARY EXPENDITURES
RELATING TO ANY UNDERTAKINGS OF THE REDEVELOPMENT AUTHORITY OR FOR
DEFICIENCIES IN DEBT SERVICE REQUIREMENTS; AND

(II) PROVIDE FOR THE REPAYMENT OR FORGIVENESS OF THE
ADVANCES.

15B-112.

NOTWITHSTANDING ANY OTHER PROVISION OF THIS SUBTITLE AND TO THE
EXTENT NOT INCONSISTENT WITH ANY CONSTITUTIONAL OR CHARTER PROVISION
OR ANY PUBLIC GENERAL OR PUBLIC LOCAL LAW. THE REDEVELOPMENT
AUTHORITY. AS PROVIDED BY LOCAL LAW. MAY:

(1) RECEIVE AND APPLY TO ITS CORPORATE PURPOSES AND
UNDERTAKINGS ANY GRANTS. CONTRIBUTIONS. PLEDGES. LOANS. OR OTHER
AMOUNTS FROM THE STATE. THE COUNTY, THE FEDERAL GOVERNMENT. ANY
OTHER GOVERNMENTAL UNIT, OR ANY PUBLIC OR PRIVATE ENTITY OR PARTY; AND

(2) TO THE EXTENT NOT INCONSISTENT WITH ANY CONTRACT.
INSTRUMENT. OR LAW RELATING TO A GRANT, CONTRIBUTION, PLEDGE LOAN, OR
OTHER AMOUNT, PLEDGE THE RECEIPTS AS SECURITY FOR ANY OF ITS BONDS.

15B-113.

(A) THE PROPERTY OWNED OR HELD BY, AND THE REVENUES OF, THE
REDEVELOPMENT AUTHORITY ARE EXEMPT FROM TAXATION OF EVERY KIND BY
THE STATE OR BY ANY OF ITS POLITICAL SUBDIVISIONS, MUNICIPAL
CORPORATIONS, OR PUBLIC UNITS.

(B) NOTWITHSTANDING THE PROVISIONS OF SUBSECTION (A) OF THIS
SECTION, ON THE REQUEST OF THE REDEVELOPMENT AUTHORITY THE COUNTY, BY

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