Wicomico 3.02% 3.01 % 3.05% 3.10%

Worcester 1.01% 1.00% 1.02% 1.04%

SECTION 3. 4. AND BE IT FURTHER ENACTED, That, except as provided in
Section 5 of this Act, this Act shall be applicable to all taxable years beginning after
December 31, 1998.

SECTION 5. AND BE IT FURTHER ENACTED, That Section 2 of this Act shall
take effect January 1, 2001 and shall be applicable to all taxable years beginning after
December 31, 2001.

SECTION 4. 6. AND BE IT FURTHER ENACTED, That this Act is an
emergency measure, is necessary for the immediate preservation of the public health
and safety, has been passed by a yea and nay vote supported by three-fifths of all the
members elected to each of the two Houses of the General Assembly, and shall take
effect from the date it is enacted.

Approved May 13, 1999.

CHAPTER 494
(House Bill 1152)

AN ACT concerning

Bainbridge Development Corporation

FOR the purpose of creating the Bainbridge Development Corporation as a public
instrumentality of the State; providing for the establishment, membership, and
officers of the Board of Directors of the Corporation; authorizing the Board of
Directors to establish a Bainbridge Development Advisory Board that consists of
certain persons; providing for the appointment, powers, and duties of the
executive director of the Corporation; providing for the powers of the
Corporation; authorizing the Corporation to borrow money for certain purposes,
secure payment of the borrowing, and combine projects for financing;
authorizing the Maryland Economic Development Corporation to issue bonds on
behalf of the Corporation; authorizing the Corporation to fix and revise rates or
charges for certain services; providing for certain exemptions from certain taxes
or assessments except under certain circumstances; providing for the creation,
continuation, and administration of the funds of the Corporation; requiring a
certain report; providing certain exemptions for the Corporation from certain
provisions of State law; providing that the obligations of the Corporation do not
constitute a debt, liability, or pledge of full faith and credit of the State; making
certain legislative findings; defining certain terms; and generally relating to the
creation of the Bainbridge Development Corporation.

BY adding to
Article 83A - Department of Business and Economic Development