Maryland § 12-902
Full text of Maryland Maryland Code § 12-902, with citation guidance and answers to common questions.
§ 12-902.
(a) In this section, “agreement” means an agreement to purchase development rights authorized under this section.
(b) This section applies only in:
(1) Anne Arundel County;
(2) Baltimore County;
(3) Carroll County;
(4) Howard County; and
(5) Prince George’s County.
(c) A county may enter into an agreement to purchase development rights.
(d) Except as otherwise provided in this section, a county may determine, by resolution, the provisions, terms, conditions, and duration of an agreement.
(e) A payment obligation in an agreement:
(1) is a general obligation of the county to which its full faith and credit and unlimited taxing power is pledged; and
(2) is not subject to annual appropriation by the county.
(f) A county may undertake a payment obligation in an agreement:
(1) without regard to any limitations contained in its charter or other public local law or public general law; and
(2) without complying with any procedures contained in its charter or other public local law or public general law.
(g) The exercise of the authority granted in this section to enter into an agreement with a payment obligation for a term of years constitutes the exercise of borrowing authority.
(h) An agreement, the transfer or assignment of the agreement, and any payment required by the agreement are exempt from taxation by the State or any county, municipality, or public agency.
Frequently Asked Questions About Maryland § 12-902
What does Maryland Code § 12-902 cover?
Section 12-902 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 12-902?
A common citation format is "Maryland Code § 12-902" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 12-902 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.