Bill > SB552

This bill establishes the Suitland Development Authority in Prince George's County to revitalize the Suitland Road and Silver Hill Road corridor, a "target area" identified as needing economic and residential development due to decades of low growth and blight. The Authority, a governmental entity, will coordinate with residents to create a neighborhood revitalization plan, and it can modify the boundaries of the target area and a surrounding "buffer zone" (within 250 yards of the target area) with a majority vote. The Authority is empowered to undertake various financial and development activities, including making loans and grants, acquiring property through methods like purchase or eminent domain (except for owner-occupied homes), and entering into contracts. It will be managed by a Board of Directors composed of state and county officials, legislative representatives, and community members. The Authority is generally exempt from state and local taxes and assessments on its projects, though property sold or leased to private entities will be subject to property taxes. A dedicated Suitland Development Authority Fund will be established to cover administrative expenses, and its interest earnings will be exempt from accruing to the state's General Fund. The bill also clarifies that the Authority is subject to the Public Information Act and Open Meetings Act, and it will become effective on October 1, 2026, with the goal of becoming self-sustaining by fiscal year 2036.

Budget and Finance

https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0552?ys=2026RS