Section 12-207 - Application of proceeds(a) Except as provided in subsections (b) and (e) of this section, bond proceeds may be used only: (1) to buy, lease, condemn, or otherwise acquire property, or an interest in property: (i) in the development district, a RISE zone, or a sustainable community; or(ii) needed for a right-of-way or other easement to or from the development district, a RISE zone, or a sustainable community;(3) for surveys and studies;(4) to relocate businesses or residents;(5) to install utilities, construct parks and playgrounds, and for other needed improvements including:(i) roads to, from, or in the development district;(6) to construct or rehabilitate buildings for a governmental purpose or use;(7) for reserves or capitalized interest;(8) for necessary costs to issue bonds; and(9) to pay the principal of and interest on loans, advances, or indebtedness that a political subdivision incurs for a purpose specified in this section.(b)(1) This subsection applies to a sustainable community identified under § 12-203 of this subtitle.(2) In addition to the purposes under subsection (a) of this section and without limiting the purposes in subsection (a) of this section, bond proceeds may be used in a sustainable community for:(i) historic preservation or rehabilitation;(ii) environmental remediation, demolition, and site preparation;(iii) parking lots, facilities, or structures of any type whether for public or private use;(iv) highways as defined in § 8-101 of the Transportation Article or transit service as defined in § 7-101 of the Transportation Article that support sustainable communities;(vi) affordable or mixed income housing; and(vii) stormwater management and storm drain facilities.(c)(1) In addition to the purposes listed in subsection (a) of this section, the proceeds from bonds that Prince George's County or the revenue authority of Prince George's County issues may be used:(i) for convention, conference, or visitors' centers;(ii) to maintain infrastructure improvements and convention, conference, or visitors' centers;(iii) to market development district facilities and other improvements; and(iv) for the purpose of encouraging redevelopment in those areas listed in paragraph (2) of this subsection, to install infrastructure improvements, including: 2. parking structures of any type whether for public or private use;5. stormwater management and storm drain facilities;11. pedestrian and vehicular bridges; and(2) The purpose of the authority granted by paragraph (1)(iv) of this subsection is to encourage redevelopment in:(i) revitalization areas designated by the county;(iii) blighted areas; and(iv) the Developed Tier, growth corridors, and growth centers, as defined in the county General Plan.(d)(1) In addition to the purposes listed in subsection (a) of this section, the proceeds from bonds that a municipal corporation issues may be used for the purpose of encouraging redevelopment in those areas listed in paragraph (2) of this subsection, to install infrastructure improvements, including:(ii) parking structures of any type whether for public or private use;(v) stormwater management and storm drain facilities;(xi) pedestrian and vehicular bridges; and(2) The purpose of the authority granted by paragraph (1) of this subsection is to encourage redevelopment in:(i) revitalization areas designated by a county or municipal corporation;(iii) blighted areas; and(iv) developed areas and growth areas, as defined in a county or municipal corporation land use plan.(e)(1) This subsection applies to a RISE zone identified under § 12-203 of this subtitle.(2) In addition to the purposes under subsection (a) of this section and without limiting the purposes in subsection (a) of this section, bond proceeds may be used in a RISE zone for:(i) historic preservation or rehabilitation;(ii) environmental remediation, demolition, and site preparation;(iii) parking lots, facilities, or structures of any type whether for public or private use;(v) affordable or mixed income housing;(vi) stormwater management and storm drain facilities;(vii) innovation centers and laboratory facilities, or structures of any type whether for public or private use, including maintenance and installation of improvements in the structures and services that support the purposes of the RISE zone program; and(viii) any other facilities or structures of any type whether for public or private use that support the purposes of the RISE zone program.(f) In addition to the purposes listed in subsection (a) of this section, the proceeds from bonds issued by the County Commissioners of Washington County may be used for: (1) demolition or site removal, including on property that is privately owned and intended to remain privately owned;(2) pedestrian or vehicular bridges or overpasses, including railroad crossings and related improvements; or(3) parking lots, facilities, or structures of any type, whether:(i) publicly or privately owned; or(ii) available for public or private use.(g) In addition to the purposes listed in subsection (a) of this section, the proceeds from bonds issued by Charles County may be used:(1) for convention centers, conference centers, or visitors' centers;(2) to maintain infrastructure improvements, convention centers, conference centers, or visitors' centers; and(3) to market development district facilities and other improvements.Amended by 2020 Md. Laws, Ch. 175,Sec. 1, eff. 7/1/2020.Amended by 2020 Md. Laws, Ch. 174,Sec. 1, eff. 7/1/2020.Amended by 2015 Md. Laws, Ch. 209,Sec. 1, eff. 10/1/2015.Amended by 2014 Md. Laws, Ch. 531,Sec. 1, eff. 6/1/2014.Amended by 2014 Md. Laws, Ch. 530,Sec. 1, eff. 6/1/2014.Amended by 2013 Md. Laws, Ch. 624,Sec. 1, eff. 10/1/2013.