Section 12-403 - Adoption of local law to create business improvement district.
§ 12-403. Adoption of local law to create business improvement district.
(a) In general.- Subject to a public hearing under § 12-408 of this subtitle and to accomplish one or more of the legislative purposes listed in § 12-402 of this subtitle, the legislative body of a county or municipal corporation may adopt a local law to create a business improvement district in accordance with this subtitle.
(b) Provision is self-executing.- Subsection (a) of this section is self-executing and fully authorizes a county or municipal corporation to establish a district, notwithstanding any other statutory or charter provision.
(c) Required provisions.- A local law adopted under subsection (a) of this section shall include:
(1) the name of the district corporation;
(2) that the district corporation is formed under this subtitle;
(3) the names, addresses, and terms of office of the initial members of the board of directors of the district corporation;
(4) the address of the principal office of the district corporation;
(5) the purposes for which the district is formed;
(6) the powers of the district, subject to the limitations on the powers of districts under this subtitle; and
(7) if applicable, articles of incorporation of the district corporation.
[2010, ch. 461.]