Bill > HB1452

This bill establishes the Suitland Development Authority in Prince George's County to revitalize the Suitland Road and Silver Hill Road corridor, a designated "target area" that has experienced decades of low housing and economic development. The Authority will be a state instrumentality responsible for supporting and developing a neighborhood revitalization plan in coordination with local residents, and it is mandated to receive an annual appropriation of $500,000 from the state budget until fiscal year 2036, after which it must be self-sustaining. The Authority has the power to modify the boundaries of the target area and a surrounding "buffer zone" (an area within 250 yards of the target area) with a majority vote, and by December 15, 2027, it must report its revitalization strategy to the Governor and relevant legislative committees. The bill also outlines the composition of the Authority's Board of Directors, which includes state and county officials, representatives from various development and planning entities, and community members, and details the Authority's broad powers, including making loans, acquiring property, and entering into contracts, while also specifying certain exemptions from state procurement laws and taxes.