Section 21-407 - Definitions(a) In this part the following words have the meanings indicated.(b) "Bond" means a revenue bond, note, or other similar instrument issued by a municipality in accordance with this part.(c) "Cost" includes the cost of: (1) construction, reconstruction, and renovation;(2) acquisition of structures, real or personal property, rights, rights-of-way, franchises, easements, and interests acquired or to be acquired by the Maryland Economic Development Corporation, the State, a unit or political subdivision of the State, or another governmental unit having jurisdiction over the infrastructure improvement;(3) machinery and equipment, including machinery and equipment needed to expand or enhance municipal services to a special taxing district;(4) financing charges and interest before and during construction and, if the municipality considers it advisable, for a limited period after completion of the construction;(5) interest and reserves for principal and interest, including the cost of municipal bond insurance and any other type of financial guaranty and costs of issuance;(6) extensions, enlargements, additions, and improvements;(7) architectural, engineering, financial, and legal services;(8) plans, specifications, studies, surveys, and estimates of costs and revenues;(9) administrative expenses necessary or incident in determining to proceed with infrastructure improvements; and(10) other expenses necessary or incident to acquiring, constructing, and financing infrastructure improvements.(d) "MEDCO obligation" means any debt instrument that the Maryland Economic Development Corporation issues for the purposes stated in § 21-410(a)(2) of this subtitle.(e) "State hospital redevelopment" means any combination of private or public commercial, residential, or recreational uses, improvements, and facilities that: (1) is part of a comprehensive coordinated development plan or strategy involving property that: (i) was occupied formerly by a State facility, as defined in § 10-101 of the Health - General Article, or a State residential center, as defined in § 7-101 of the Health - General Article; or(ii) is adjacent or reasonably proximate to property that was occupied formerly by a State facility, as defined in § 10-101 of the Health - General Article, or a State residential center, as defined in § 7-101 of the Health - General Article;(2) in accordance with design development principles, maximizes use of the property by those constituencies it is intended to serve; and(3) is designated as a State hospital redevelopment by:(i) the Smart Growth Subcabinet established under § 9-1406 of the State Government Article; and(ii) the local government or multicounty agency with land use and planning responsibility for the relevant area.(f) "Transit-oriented development" has the meaning stated in § 7-101 of the Transportation Article.Revised and recodified by 2013 Md. Laws, Ch. 119,Sec. 2, eff. 10/1/2013.