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Session Laws, 1997
Volume 795, Page 25   View pdf image
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PARRIS N. GLENDENING, Governor                                    Ch. 1

(4)      PUBLIC HEALTH EXPERTS; AND

(5)      ANY OTHER PERSON THE DEPARTMENT CONSIDERS APPROPRIATE.

(C) THE DEPARTMENT SHALL DEVELOP A PROGRAM OF FINANCIAL
INCENTIVES, INCLUDING LOW-INTEREST LOANS AND GRANTS, TO ASSIST PERSONS
WHO PARTICIPATE IN THE BROWNFIELDS REVITALIZATION INCENTIVE PROGRAM.

3-904. BROWNFIELDS REVITALIZATION INCENTIVE FUND.

(A)     THERE IS A BROWNFIELDS REVITALIZATION INCENTIVE FUND IN THE
DEPARTMENT THAT IS ESTABLISHED AS A NONLAPSING, REVOLVING SPECIAL FUND.

(B)     THE FUND CONSISTS OF:

(1)      MONEYS COLLECTED UNDER § 9-109 9-229 OF THE TAX - PROPERTY
ARTICLE;

(2)      MONEYS MADE AVAILABLE TO THE FUND THROUGH FEDERAL
PROGRAMS OR PRIVATE CONTRIBUTIONS;

(3)      INCOME FROM INVESTMENTS THAT THE STATE TREASURER MAKES
FROM MONEYS IN THE FUND;

(4)      REPAYMENTS OF PRINCIPAL AND INTEREST FROM LOANS MADE
FROM THE FUND;

(5)      PROCEEDS FROM THE SALE, DISPOSITION, LEASE, OR RENTAL BY
THE DEPARTMENT OF COLLATERAL RELATED TO ANY FINANCING PROVIDED BY
THE DEPARTMENT UNDER THIS SUBTITLE; AND

(6)      ANY OTHER MONEYS AVAILABLE TO THE FUND.

(C)     THE DEPARTMENT SHALL USE THE FUND TO PROVIDE FINANCIAL
INCENTIVES FOR THE REDEVELOPMENT OF BROWNFIELDS SITES AS PROVIDED IN §
3-903(C) OF THIS SUBTITLE.

3-905. APPLICATION OF SUBTITLE.

THIS SUBTITLE DOES NOT AFFECT, AND MAY NOT BE CONSTRUED AS
AFFECTING, THE PLANNING AND ZONING AUTHORITY OF A COUNTY OR MUNICIPAL
CORPORATION.

Article - Tax - Property

9-109 9-229. FINANCIAL INCENTIVES FOR QUALIFIED BROWNFIELDS SITES.

(A)     IN THIS SECTION THE FOLLOWING WORDS HAVE THE MEANINGS
INDICATED.

(B)     "QUALIFIED BROWNFIELDS SITE" HAS THE MEANING STATED IN ARTICLE
83A, § 3-901 (C) § 3-901(D) OF THE CODE.

(C)     "TAXING JURISDICTION" MEANS:
(1) THE STATE;

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Session Laws, 1997
Volume 795, Page 25   View pdf image
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