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.Revised and recodified by 2013 Md. Laws, Ch. 119,Sec. 2, eff. 10/1/2013.