(a) The purpose of the authority granted under this part is to:
(1) finance, refinance, or reimburse the cost of establishing, acquiring, designing, constructing, altering, or extending adequate infrastructure improvements as necessary for the development and use of land in any defined geographic region in the municipality, including storm drainage systems, sewers, water systems, roads, bridges, culverts, tunnels, sidewalks, lighting, parking, parks and recreation facilities, libraries, and schools; and
(2) provide a source of funding for payment of costs of:
(i) infrastructure improvements located in or supporting a transit–oriented development or a State hospital redevelopment; and
(ii) operation and maintenance of infrastructure improvements located in or supporting a transit–oriented development or a State hospital redevelopment.
(b) An infrastructure improvement financed under subsection (a)(1) of this section may be located:
(1) in the special taxing district;
(2) in the municipality, outside the special taxing district if the infrastructure improvement is reasonably related to other infrastructure improvements in the special taxing district; or
(3) outside the municipality if:
(i) the infrastructure improvement is reasonably related to other infrastructure improvements in the special taxing district; and
(ii) notice is given to the governmental unit having jurisdiction over the infrastructure improvement.
(c) For the purposes of this part and any authority granted by this part, a sustainable community, as defined in § 6–201 of the Housing and Community Development Article, shall be considered the same as a transit–oriented development.
Structure Maryland Statutes
Title 21 - Special Taxing Districts
Subtitle 4 - Municipal Special Taxing Districts
Part II - Municipal Special Taxing Districts for Infrastructure Improvements
Section 21-408 - Application and Construction of Part
Section 21-409 - Authority Granted
Section 21-410 - Purpose of Authority
Section 21-411 - Public Hearing Requirements
Section 21-413 - Use of Special Fund When No Bonds Outstanding
Section 21-415 - Termination of Special Taxing District
Section 21-416 - Investment of Special Fund and Sinking Funds
Section 21-417 - Bonds Authorized
Section 21-418 - Conditions of Issuance
Section 21-419 - Bonds Are Securities
Section 21-420 - Payment of Bonds