Maryland Statutes
Part II - Municipal Special Taxing Districts for Infrastructure Improvements
Section 21-412 - Special Fund

(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.

Structure Maryland Statutes