Bill > S2121

This bill establishes Community Benefit Districts (CBDs) - contiguous geographic areas with clearly defined boundaries that are formed by a petition of property owners and approved by the municipal governing body. The CBD corporation, a nonprofit designated to receive funds and implement the CBD, has various rights and powers, including administering and managing the district, promoting economic development, and providing supplemental services beyond the standard government services. The bill outlines the process for forming a CBD, including the required petition contents, public hearing, and approval by the municipal governing body. It also specifies the governance structure, fee structures, and procedures for amending boundaries and dissolving the CBD. The key aspects are the creation of a self-funded, locally-controlled district that can provide additional services and programs to enhance the community.

https://malegislature.gov/Bills/190/S2121