Ch. 2

1997 LAWS OF MARYLAND

authorizing DBED to select Brownfields sites based on certain criteria; requiring
DBED to consult with certain persons during a certain time; establishing a
Brownfields Revitalization Incentive Fund comprised of certain moneys and
administered by DBED; requiring taxing jurisdictions participating in the Program
to establish a certain property tax credit for a certain period of time and for a
certain amount; authorizing a participating taxing jurisdiction to grant a certain
additional property tax credit up to a certain amount; authorizing a State property
tax credit under certain circumstances; requiring a participating taxing jurisdiction
to contribute to the Brownfields Revitalization Incentive Fund for a certain period
of time and for a certain amount; establishing certain requirements for the return of
a proportional share of certain funds to certain jurisdictions; requiring certain
taxing jurisdictions to terminate certain property tax credits under certain
circumstances; authorizing the governing body of a county or municipal corporation
to grant a tax abatement for certain taxes for certain properties; requiring MDE to
report to the Governor and certain committees of the General Assembly on the
Voluntary Cleanup Program and Fund by certain dates; requiring DBED to report
to the Governor and certain committees of the General Assembly on the
Brownfields Revitalization Incentive Program by certain dates; requiring the
transfer of certain moneys between certain funds providing for the construction of
certain provisions of this Act; making this Act an emergency measure; and generally
relating to the establishment of a Voluntary Cleanup Program and Brownfields
Revitalization Program.

BY repealing and reenacting, with amendments,
Article - Environment
Section 4-401(i) and 7-201(x)
Annotated Code of Maryland
(1996 Replacement Volume and 1996 Supplement)

BY adding to

Article - Environment

Section 4-401(1), 7-201(n-1), and 7-501 through 7-516, inclusive, to be under the
new subtitle "Subtitle 5. Voluntary Cleanup Program"

Annotated Code of Maryland

(1996 Replacement Volume and 1996 Supplement)

BY adding to

Article 83A - Department of Business and Economic Development
Section 3-901 through 3-905, inclusive, to be under the new subtitle "Subtitle 9.
Brownfields Revitalization Incentive Program"

Annotated Code of Maryland

(1995 Replacement Volume and 1996 Supplement)

BY adding to

Article - Tax - Property
Section 9-109 9-229 and 14-902

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