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Current as of December 31, 2021 | Updated by FindLaw Staff
(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.
Cite this article: FindLaw.com - Maryland Code, Local Government § 21-412 - last updated December 31, 2021 | https://codes.findlaw.com/md/local-government/md-code-local-govt-sect-21-412/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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