Section 13-1110 – Designation of Recognized Heritage Areas
(a) (1) The Authority may consider proposals submitted by local jurisdictions to designate a heritage area as a recognized heritage area. (2) The Authority shall adopt regulations that specify criteria and procedures for designating recognized heritage areas. (b) A proposal for the designation of a heritage area as a recognized heritage area shall: (1) Be previously approved and submitted by […]
Section 13-1111 – Designation of Certified Heritage Areas
(a) (1) The Authority may consider proposals submitted by the local jurisdictions within a recognized heritage area to designate recognized heritage areas as certified heritage areas. (2) The sponsoring local jurisdictions shall prepare a proposal that includes a management plan for the recognized heritage area. (3) The local jurisdictions shall develop the management plan in cooperation and consultation with […]
Section 13-1112 – Program Statement for Certified Heritage Areas
(a) (1) The State officials under items (i) through (vii) of this subsection who have program responsibilities that affect aspects of the interpretation, preservation, development, and use of heritage area resources shall prepare a program statement detailing actions in the areas of planning, development, use, assistance, and regulation that support and assist the establishment and management of […]
Section 13-1113 – Grants and Loans
(a) As provided in the State budget, the Authority may award: (1) Grants and loans to local jurisdictions or other appropriate entities for planning, design, acquisition, development, preservation, restoration, interpretation, marketing, and programming of certified heritage areas; and (2) Grants to local jurisdictions or other appropriate entities to develop management plans in recognized heritage areas. (b) A grant to […]
Section 13-1114 – Maryland Heritage Areas Authority Financing Fund
(a) There is a Maryland Heritage Areas Authority Financing Fund. (b) (1) The Authority shall use the Fund as a continuing, nonlapsing, revolving fund for carrying out the purposes of this subtitle. (2) No part of the Fund may revert or be credited to the General Fund or to any other special fund of the State. (c) The Authority shall […]
Section 13-1115 – Bond Issues
(a) (1) Subject to this part, the Authority may at any time and from time to time issue bonds for the purposes of this subtitle to obtain funds to provide financial assistance for or otherwise support a certified heritage area. (2) The Authority may issue the bonds only if it determines that the issuance is necessary to achieve […]
Section 13-1116 – Bonds Payable From Receipts of Authority
(a) The bonds of any issue shall be payable solely from the property or receipts of the Authority, including without limitation: (1) Fees, charges, or other revenues payable to the Authority; (2) Payments by financial institutions, insurance companies, or others pursuant to letters or lines of credit, policies of insurance, or purchase agreements; (3) Investment earnings from funds or […]
Section 13-1117 – Requirements of Bonds Issued
The bonds that the Authority issues shall: (1) Be issued at, above, or below par value, for cash or other valuable consideration, and mature at a time or times, whether as serial bonds or as term bonds or both, not exceeding the maturity date established by the Authority; (2) Bear interest at the fixed or variable rate […]
Section 13-1118 – Resolutions or Trust Agreements
(a) Any resolution or trust agreement the Authority adopts or enters into under § 13-1115 of this subtitle may contain provisions that: (1) Pledge, assign, or direct the use, investment, or disposition of all or a portion of the receipts of the Authority or all or a portion of the proceeds or benefits of any contract and […]
Section 13-1119 – Pledge of Revenues as Security for Issue of Bonds
(a) A pledge by the Authority of revenues as security for an issue of bonds shall be valid and binding on and after the date when the documents evidencing the pledge are executed by the Authority. (b) (1) The revenues that the Authority pledges may be made immediately subject to the lien of the pledge without any physical […]