Bill > SB952

This bill establishes the Waldorf Urban Redevelopment Corridor Authority in Charles County, Maryland, to revitalize communities, promote economic development, and improve the welfare of residents within State Legislative Districts 27A and 28, known as the "Target Area," and a surrounding 250-yard "Buffer Zone." The Authority, a governmental instrumentality, will be managed by a Board of Directors appointed by the Charles County Commissioners and will be self-sustaining starting in fiscal year 2036. Its primary functions include supporting a neighborhood revitalization plan developed in coordination with residents, assisting private entities in developing housing and commercial units, and attracting new businesses. The Authority is granted broad powers, including the ability to acquire property through various means, enter into contracts, make loans and grants, and operate projects under specific conditions. It is generally exempt from certain state and local taxes and assessments, though property sold or leased to private entities will be subject to real property taxes. The bill also creates a dedicated Waldorf Urban Redevelopment Corridor Authority Fund for administrative expenses and consulting fees, and exempts this fund from certain provisions regarding the accrual of interest earnings to the State's General Fund. The Authority will be subject to the Public Information Act and Open Meetings Act, and its officers and employees will be subject to the Public Ethics Law. The bill takes effect on October 1, 2026.

Budget and Finance

Charles County Senators (Other)

https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0952?ys=2026RS