(a) The purpose of the authority granted under this subtitle 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 county, including storm drainage systems, sewers, water systems, roads, bridges, culverts, tunnels, sidewalks, lighting, parking, parks and recreation facilities, libraries, schools, transit facilities, and solid waste facilities; 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) operating and maintaining 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; or
(2) outside the special taxing district if the infrastructure improvement is reasonably related to other infrastructure improvements in the special taxing district.
(c) For the purposes of this subtitle and any authority granted by this subtitle, 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 5 - Districts for Infrastructure Improvements for Selected Counties
Part I - Definitions; General Provisions
Section 21-502 - Application and Construction of Subtitle
Section 21-503 - Authority Granted
Section 21-504 - Purpose of Authority
Section 21-505 - Conditions and Limitations
Section 21-507 - Use of Special Fund When No Bonds Outstanding
Section 21-509 - Termination of Special Taxing District
Section 21-510 - Investment of Special Fund and Sinking Funds
Section 21-511 - Bonds Authorized
Section 21-512 - Conditions of Issuance
Section 21-513 - Bonds Are Securities
Section 21-514 - Payment of Bonds