Md. Code, Local Gov't § 21-506

Current with changes from the 2024 Legislative Session
Section 21-506 - Special fund
(a) By resolution, the governing body of a county:
(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 § 21-508 of this subtitle; and
(2) require that the proceeds from the tax be paid into the special fund.

Md. Code, LG § 21-506

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