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Session Laws, 2007
Volume 803, Page 978   View pdf image
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2007 Laws of Maryland
Ch. 93
13-1101. (a) In this subtitle the following words have the meanings indicated. (j) "target investment zone" means a specific area: (1) located within a certified heritage area; (2) Identified in a management plan approved by the
Authority or through a process specified by the Authority; and (3) Intended to attract significant private investment
to the area in order to encourage demonstrable results and return
on public investment within the area in a relatively short period of time.
13-1113. (c) (1) Except as provided in paragraph (2) of this subsection, the
Authority may make acquisition and development grants [to a local jurisdiction or
other appropriate entity under subsection (a) of this section] only for projects in
a target investment zone within a certified heritage area for a period
of up to [5] 10 years after the day on which the Authority first approves [the
management plan for the certified heritage area within the local jurisdiction]
funding for acquisition or development grants in: (i) the target investment zone; or (II) That portion of the target investment zone added through a boundary amendment approved by the authority. (2) The Authority may make acquisition or development grants for a
project in a target investment zone after the [5-year period] 10-year period
described in paragraph (1) of this subsection, or outside a target
investment zone, if the Authority determines that the project is essential for the
success of the management plan for the certified heritage area. (3) An acquisition or development grant: (i) May not be used for any purpose other than implementation
of the certified heritage area in conformity with the approved management plan; and
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Session Laws, 2007
Volume 803, Page 978   View pdf image
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