Md. Code, Local Gov't § 21-412
Md. Code, Local Gov't § 21-412
Maryland · Maryland Code, Local Government · Status: effective
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- Citation
- Md. Code, Local Gov't § 21-412, Maryland, version 1 as recorded 2026-09-29, yourstate.us, https://yourstate.us/provision/1782927
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Full text
(a) By resolution, the governing body of a municipality:
(1) may designate an area as a special taxing district; and
(2) shall create a special fund with respect to the special taxing district.
(b) A resolution creating a special fund under subsection (a) of this section shall:
(1) pledge to the special fund the proceeds of the ad valorem or special tax to be imposed as provided under § 21–414 of this subtitle; and
(2) require that the proceeds from the tax be paid into the special fund.