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Ch. 648
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2000 LAWS OF MARYLAND
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(1) Pursuant to § 13-209 of the Tax - Property Article and §
5-903(a)(2)(iii) of this article; and
(2) By the proceeds from the sale of general obligation bonds as provided
in § 5-9A-09 of this subtitle.
(d) When negotiating and awarding grants, the Board shall encourage
sponsors to utilize zero coupon bonds in the implementation of the Rural Legacy Plan
in order to reduce the utilization of general obligation bonds in funding the grants.
5-9A-02.
(a) In this subtitle the following words have the meanings indicated.
(b) "Application" means an application to the Rural Legacy Board to designate
a Rural Legacy Area.
(c) "Board" means the Rural Legacy Board.
(d) "BPW" means the Maryland State Board of Public Works.
(E) "DEVELOPMENT RIGHT" MEANS A RIGHT TO CREATE A RESIDENTIAL
BUILDING LOT OR CONSTRUCT A DWELLING UNIT IN ACCORDANCE WITH A LOCAL
ZONING ORDINANCE OR OTHER IMPLEMENTING LAND USE ORDINANCE.
[(e)](F) "Grant agreement" means an agreement between the Board and a
sponsor to implement a Rural Legacy Plan in a designated Rural Legacy Area.
[(f)] (G) "Land trust" means a qualified conservation organization that:
(1) Is a qualified organization under § 170(h)(3) of the Internal Revenue
Code and regulations adopted under § 170(h)(3); and
(2) Has executed a cooperative agreement with the Maryland
Environmental Trust.
(H) (G) "PRIORITY FUNDING AREA" MEANS AN AREA DESIGNATED AS A
PRIORITY FUNDING AREA UNDER § 5-7B-02 OF THE STATE FINANCE AND
PROCUREMENT ARTICLE.
[(g)] (I) (H) "Program" means the Rural Legacy Program established by this
subtitle.
[(h)] (J) (I) "Rural Legacy Area" means a region within or outside a
metropolitan area designated by the Board as rich in a multiple of agricultural,
forestry, natural, and cultural resources.
[(i)] (K) (J) "Rural Legacy Plan" means a plan accepted by the Board for
acquisition of easements and fee interests in Rural Legacy Areas.
[(j)] (L) (K) "Sponsor" means a local government, group of local
governments, or a land trust.
(M) "TRANSFER OF DEVELOPMENT RIGHTS PROGRAM" MEANS A PROGRAM
ESTABLISHED TO RELOCATE DEVELOPMENT FROM NONPRIORITY FUNDING AREAS
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- 3334 -
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