Section 21-503 - Authority granted(a) For any purpose stated in § 21-504(a)(1) of this subtitle, a county may:(1) establish a special taxing district;(2) impose ad valorem or special taxes; and(b)(1) For any purpose stated in § 21-504(a)(2) of this subtitle, a county may:(i) establish special taxing districts;(ii) impose ad valorem or special taxes; and(iii) pledge funds under an agreement to: 1. secure payment on MEDCO obligations;2. pay the costs of infrastructure improvements located in or supporting a transit-oriented development or a State hospital redevelopment; and3. pay the costs of operating and maintaining infrastructure improvements located in or supporting a transit-oriented development or a State hospital redevelopment.(2) An agreement pledging funds as described in paragraph (1)(iii) of this subsection shall: (i) be authorized by an ordinance or resolution of the county;(iii) be executed on behalf of the county making the pledge, the Maryland Economic Development Corporation, and any other person or entity that the governing body of the county determines; and(iv) benefit, and be enforceable on behalf of, the holders of any MEDCO obligation secured by the agreement.(c)(1) Notwithstanding any other provision of law, a county may establish a special taxing district, issue bonds, or impose an ad valorem or special tax under this subtitle only if a request to the county is made by both: (i) the owners of at least two-thirds of the assessed valuation of the real property located in the special taxing district; and(ii) at least two-thirds of the owners of the real property located in the special taxing district.(2) For purposes of paragraph (1)(ii) of this subsection:(i) multiple owners of a single parcel are treated as a single owner; and(ii) a single owner of multiple parcels is treated as one owner.Amended by 2020 Md. Laws, Ch. 175,Sec. 1, eff. 7/1/2020.Amended by 2020 Md. Laws, Ch. 174,Sec. 1, eff. 7/1/2020.Amended by 2019 Md. Laws, Ch. 710,Sec. 1, eff. 7/1/2019.Amended by 2019 Md. Laws, Ch. 709,Sec. 1, eff. 7/1/2019.Repealed and reenacted by 2013 Md. Laws, Ch. 624,Sec. 1, eff. 10/1/2013.Revised and recodified by 2013 Md. Laws, Ch. 119,Sec. 2, eff. 10/1/2013.