Maryland § 5-1306
Full text of Maryland Maryland Code § 5-1306, with citation guidance and answers to common questions.
§ 5-1306.
(a) Benefits are available to political subdivisions with BRAC Revitalization and Incentive Zones as provided in this section.
(b) (1) A political subdivision that receives designation of an area as a BRAC Revitalization and Incentive Zone may receive amounts as provided in § 2–222 of the Tax – Property Article.
(2) Amounts received by a political subdivision as provided in § 2–222 of the Tax – Property Article:
(i) shall be used to pay for infrastructure improvements in the BRAC Revitalization and Incentive Zone; and
(ii) may be used for the repayment of bonds, including tax increment financing bonds, issued by the political subdivision for infrastructure improvements in the BRAC Revitalization and Incentive Zone.
(c) Political subdivisions and business entities may receive priority consideration for financial assistance for projects or operations in a BRAC Revitalization and Incentive Zone from:
(1) programs in:
(i) the Department;
(ii) the Department of Housing and Community Development; or
(iii) the Department of Planning; or
(2) any other appropriate State programs.
(d) The benefits set forth in this section are available for 10 years after the date that the first property in the BRAC Revitalization and Incentive Zone becomes a qualified property, as defined in § 2–222 of the Tax – Property Article.
(e) The Department shall adopt regulations to carry out the provisions of this subtitle and to specify criteria and procedures for the application, approval, and monitoring the eligibility for the benefits under this subtitle.
Frequently Asked Questions About Maryland § 5-1306
What does Maryland Code § 5-1306 cover?
Section 5-1306 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 § 5-1306?
A common citation format is "Maryland Code § 5-1306" (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 § 5-1306 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.