Md. Code, Local Government § 21-412
Md. Code, Local Government § 21-412
in effect(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.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=glg§ion=21-412&enactments=falseFetched: 10/17/2026