Economic Development - Prince George's County Suitland Development Authority - Established

EXPLANATION: CAPITALS INDICATE MATTER ADDED TO EXISTING LAW.
[Brackets] indicate matter deleted from existing law.
Underlining indicates amendments to bill.
Strike out indicates matter stricken from the bill by amendment or deleted from the law by
amendment.
*sb0552*

SENATE BILL 552
C8 6lr3001
CF HB 1452
By: Senator Charles
Introduced and read first time: February 4, 2026
Assigned to: Finance
Committee Report: Favorable with amendments
Senate action: Adopted
Read second time: March 25, 2026

CHAPTER ______

AN ACT concerning 1

Economic Development – Prince George’s County Suitland Development 2
Authority – Established 3

FOR the purpose of establishing the Suitland Development Authority in Prince George’s 4
County; requiring the Authority to support and develop a certain neighborhood 5
revitalization plan in coordination with certain residents; authorizing the Authority 6
to modify certain boundaries, subject to a certain vote; requiring the Authority to 7
take certain actions regarding the finances of the Authority; exempting the 8
Authority from certain taxation or assessments under certain circumstances; and 9
generally relating to the Suitland Development Authority. 10

BY adding to 11
Article – Economic Development 12
Section 12–1201 through 12–1214 to be under the new subtitle “Subtitle 12. Prince 13
George’s County Suitland Development Authority” 14
Annotated Code of Maryland 15
(2024 Replacement Volume and 2025 Supplement) 16

BY repealing and reenacting, without amendments, 17
Article – State Finance and Procurement 18
Section 6–226(a)(2)(i) and (ii) 19
Annotated Code of Maryland 20
(2021 Replacement Volume and 2025 Supplement) 21

BY repealing and reenacting, with amendments, 22
2 SENATE BILL 552

Article – State Finance and Procurement 1
Section 6–226(a)(2)(iii)212. and 213. 2
Annotated Code of Maryland 3
(2021 Replacement Volume and 2025 Supplement) 4

BY adding to 5
Article – State Finance and Procurement 6
Section 6–226(a)(2)(iii)214. and 11–203(l) 7
Annotated Code of Maryland 8
(2021 Replacement Volume and 2025 Supplement) 9

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, 10
That the Laws of Maryland read as follows: 11

Article – Economic Development 12

SUBTITLE 12. PRINCE GEORGE’S COUNTY SUITLAND DEVELOPMENT AUTHORITY. 13

12–1201. 14

(A) IN THIS SUBTITLE THE FOLLOWING WORDS HAVE THE MEANINGS 15
INDICATED. 16

(B) “AUTHORITY” MEANS THE SUITLAND DEVELOPMENT AUTHORITY. 17

(C) “BOARD” MEANS THE BOARD OF DIRECTORS OF THE AUTHORITY. 18

(D) “BUFFER ZONE” MEANS THE AREA WITHIN 250 YARDS OF THE TARGET 19
AREA. 20

(E) “TARGET AREA” MEANS THE SUITLAND ROAD AND SILVER HILL ROAD 21
CORRIDOR IN PRINCE GEORGE’S COUNTY. 22

12–1202. 23

THIS SUBTITLE SHALL B E LIBERALLY CONSTRUE D TO ACCOMPLISH ITS 24
PURPOSES. 25

12–1203. 26

(A) THERE IS A SUITLAND DEVELOPMENT AUTHORITY IN PRINCE 27
GEORGE’S COUNTY. 28

SENATE BILL 552 3

(B) THE AUTHORITY IS A BODY P OLITIC AND CORPORATE AND IS AN 1
INSTRUMENTALITY OF THE STATE. 2

(C) THE EXERCISE BY THE AUTHORITY OF A POWER UNDER THIS SUBTITLE 3
IS THE PERFORMANCE OF AN ESSENTIAL GOVERNMENTAL FUNCTION. 4

(D) THE GOVERNOR MAY SHALL INCLUDE EACH YEAR IN THE STATE 5
ANNUAL BUDGET BILL AN APPRO PRIATION OF $500,000 TO THE AUTHORITY IN 6
PRINCE GEORGE’S COUNTY. 7

(E) BEGINNING FISCAL YEAR 2036, THE AUTHORITY SHALL BE 8
SELF–SUSTAINING. 9

12–1204. 10

(A) THE GENERAL ASSEMBLY FINDS THAT: 11

(1) THERE EXISTS WITHIN VARIOUS NEIGHBORHOOD S IN PRINCE 12
GEORGE’S COUNTY, PARTICULARLY THE SUITLAND ROAD AND SILVER HILL ROAD 13
CORRIDOR, A NEED FOR RESIDENTI AL AND COMMERCIAL DE VELOPMENT OR 14
REDEVELOPMENT IN FURTHERANCE OF THE PUBLIC’S INTEREST; 15

(2) THE SUITLAND ROAD AND SILVER HILL ROAD CORRIDOR HAS 16
EXPERIENCED LOW HOUS ING AND ECONOMIC DEV ELOPMENT IN THE COMM UNITY 17
FOR DECADES; 18

(3) AREAS IN THE SUITLAND ROAD AND SILVER HILL ROAD 19
CORRIDOR INCLUDE BOTH AREAS THAT ARE CONSIDERED SLUM OR BLIGHTED AND 20
AREAS THAT ARE DETER IORATED OR SUBJECT T O FURTHER DETERIORAT ING 21
CONDITION, AND THOSE AREAS ARE IN NEED OF DEVELOPME NT OR 22
REDEVELOPMENT FOR THE PUBLIC BENEFIT; 23

(4) THE REVITALIZATION O F AREAS WITHIN THE SUITLAND ROAD 24
AND SILVER HILL ROAD CORRIDOR NEEDING COMM ERCIAL DEVELOPMENT O R 25
REDEVELOPMENT IS AN ESSENTIAL GOVERNMENTAL FUNCTION AND IS A PUBLIC 26
USE THAT WILL CONFER A PUBLIC BENEFIT ON CITIZENS OF PRINCE GEORGE’S 27
COUNTY BY: 28

(I) RELIEVING CONDITIONS OF UNEMPLOYMENT; 29

(II) ENCOURAGING THE INCR EASE OF COMMERCE AND A 30
BALANCED ECONOMY; 31

4 SENATE BILL 552

(III) ASSISTING IN THE RET ENTION OF BUSINESSES AND 1
RESIDENTS; 2

(IV) ATTRACTING NEW INDUSTRIES AND COMMERCE; 3

(V) PROMOTING ECONOMIC DEVELOPMENT AND GROWTH; AND 4

(VI) GENERALLY PROMOTING THE HEALTH , WELFARE, AND 5
PUBLIC SAFETY OF RES IDENTS IN PRINCE GEORGE’S COUNTY AND INCREASING 6
PROPERTY TAX REVENUES FOR THE STATE AND PRINCE GEORGE’S COUNTY; 7

(5) THE ESTABLISHMENT OF THIS PUBLIC AUTHORITY TO PROVIDE 8
FINANCIAL RESOURCES FOR THE DEVELOPMENT AND ESTA BLISHMENT OF 9
RESIDENCES AND BUSIN ESSES THROUGH COMMUN ITY ORGANIZATIONS IN THE 10
TARGET AREA WILL SIG NIFICANTLY IMPROVE PRINCE GEORGE’S COUNTY 11
NEIGHBORHOODS AND IN CREASE PROPERTY TAX REVENUES FOR THE STATE AND 12
PRINCE GEORGE’S COUNTY; AND 13

(6) THE AUTHORITY IS THE ECON OMIC DEVELOPMENT AUT HORITY 14
FOR THE STATE TO BENEFIT THE NEIGHBORHOODS OF PRINCE GEORGE’S COUNTY 15
WITHIN THE TARGET AREA. 16

(B) THE LEGISLATIVE PURPOSES OF THE AUTHORITY ARE TO: 17

(1) REVIVE THE VARIOUS COMMUNITIES ALONG THE SUITLAND ROAD 18
AND SILVER HILL ROAD CORRIDOR IN PRINCE GEORGE’S COUNTY; 19

(2) PROMOTE ECONOMIC DEVELOPMENT; 20

(3) ENCOURAGE THE INCREASE OF BUSINESS ACTIVITY, COMMERCE, 21
AND A BALANCED ECONOMY IN PRINCE GEORGE’S COUNTY; 22

(4) HELP TO RETAIN AND A TTRACT BUSINESS ACTIVITY AN D 23
COMMERCE IN PRINCE GEORGE’S COUNTY; AND 24

(5) PROMOTE THE HEALTH , PUBLIC SAFETY , RIGHT OF GAINFUL 25
EMPLOYMENT, AND WELFARE OF RESIDENTS OF PRINCE GEORGE’S COUNTY. 26

(C) THE GENERAL ASSEMBLY INTENDS THAT: 27

(1) THE AUTHORITY OPERATE A ND EXERCISE ITS CORP ORATE 28
POWERS ALONG THE SUITLAND ROAD AND SILVER HILL ROAD CORRIDOR IN 29
PRINCE GEORGE’S COUNTY; 30
SENATE BILL 552 5

(2) WITHOUT LIMITING ITS AUTHORITY TO OTHERWISE EXERCISE ITS 1
POWERS, THE AUTHORITY EXERCISES ITS POWERS TO ASSIST PRIVATE REAL ESTATE 2
ENTITIES AND NONPROFIT CO MMUNITY DEVELOPMENT CORPORATIONS TO 3
DEVELOP AND REHABILI TATE HOUSING AND COM MERCIAL UNITS IN PRINCE 4
GEORGE’S COUNTY AND SUPPORT LOCAL ECONOMIC DEVELOPMENT AGENCIES TO 5
CONTRIBUTE TO THE EX PANSION, MODERNIZATION, AND RETENTION OF EXI STING 6
ENTERPRISES IN PRINCE GEORGE’S COUNTY AS WELL AS THE ATTRACTION OF NEW 7
BUSINESSES TO PRINCE GEORGE’S COUNTY; AND 8

(3) THE AUTHORITY SHOULD NOT OWN AND OPERATE A PR OJECT 9
UNLESS: 10

(I) THE BOARD DETERMINES BY R ESOLUTION THAT THE 11
PRIVATE SECTOR HAS N OT DEMONSTRATED SERIOUS AND SIGNIFICANT INTE REST 12
AND DEVELOPMENT CAPACITY TO OWN AND OPERATE THE PROJECT; OR 13

(II) A REPRESENTATIVE OF A GOVERNMENTAL UNIT REQUESTS 14
IN WRITING THAT THE AUTHORITY OWN AND OPERATE THE PROJECT. 15

12–1205. 16

(A) (1) EXCEPT AS OTH ERWISE PROVIDED IN T HIS SECTION , IN 17
EXERCISING ITS POWERS, THE AUTHORITY: 18

(I) MAY CARRY OUT THE PU RPOSES OF THE AUTHORITY 19
WITHOUT THE CONSENT OF ANY STATE UNIT; AND 20

(II) IS NOT SUBJECT TO: 21

1. SUBTITLES 1 THROUGH 3 OF THIS TITLE; OR 22

2. THE FOLLOWING PROVISIONS OF THE STATE 23
FINANCE AND PROCUREMENT ARTICLE: 24

A. TITLE 2, SUBTITLES 2 (GIFTS AND GRANTS) AND 5 25
(FACILITIES FOR THE HANDICAPPED); 26

B. TITLE 3 (BUDGET AND MANAGEMENT); 27

C. TITLE 4 (DEPARTMENT OF GENERAL SERVICES); 28

6 SENATE BILL 552

D. TITLE 5A (DIVISION OF HISTORICAL AND CULTURAL 1
PROGRAMS); 2

E. TITLE 6, SUBTITLE 1 (STUDIES AND ESTIMATES); 3

F. TITLE 7, SUBTITLES 1 (STATE OPERATING BUDGET), 4
2 (DISBURSEMENTS AND EXPENDITURES), AND 3 (UNSPENT BALANCES); 5

G. TITLE 10 (BOARD OF PUBLIC 6
WORKS – MISCELLANEOUS PROVISIONS); OR 7

H. DIVISION II (GENERAL PROCUREMENT LAW). 8

(2) THE AUTHORITY IS SUBJECT TO: 9

(I) THE PUBLIC INFORMATION ACT; AND 10

(II) THE OPEN MEETINGS ACT. 11

(B) THE AUTHORITY AND ITS OFFICERS AND EMPLOYEES ARE SUBJECT TO 12
THE PUBLIC ETHICS LAW. 13

(C) THE AUTHORITY AND ITS OFFICERS AND EMPLOYEES ARE SUBJECT TO 14
TITLE 12, SUBTITLE 4 OF THE STATE FINANCE AND PROCUREMENT ARTICLE. 15

(D) THE AUTHORITY IS SUBJECT TO TITLE 14, SUBTITLE 3 OF THE STATE 16
FINANCE AND PROCUREMENT ARTICLE. 17

12–1206. 18

(A) A BOARD OF DIRECTORS SHALL MANAG E THE AUTHORITY AND 19
EXERCISE ITS POWERS. 20

(B) THE BOARD CONSISTS OF THE FOLLOWING MEMBERS: 21

(1) ONE MEMBER OF THE SENATE OF MARYLAND WHO REPRESENTS 22
THE TARGET AREA TO SERVE IN AN ADVIS ORY CAPACITY , APPOINTED BY THE 23
PRESIDENT OF THE SENATE; 24

(2) ONE MEMBER OF THE HOUSE OF DELEGATES WHO REPRESENTS 25
THE TARGET AREA TO SERVE IN AN ADVIS ORY CAPACITY , APPOINTED BY THE 26
SPEAKER OF THE HOUSE; 27

SENATE BILL 552 7

(3) THE SECRETARY OF HOUSING AND COMMUNITY DEVELOPMENT, 1
OR THE SECRETARY’S DESIGNEE; 2

(4) THE SECRETARY OF TRANSPORTATION, OR THE SECRETARY’S 3
DESIGNEE; 4

(5) THE SECRETARY OF COMMERCE, OR THE SECRETARY’S 5
DESIGNEE; 6

(6) THE EXECUTIVE DIRECTOR OF THE MARYLAND ECONOMIC 7
DEVELOPMENT CORPORATION, OR THE EXECUTIVE DIRECTOR’S DESIGNEE; 8

(7) ONE MEMBER OF THE PRINCE GEORGE’S COUNTY COUNCIL WHO 9
REPRESENTS THE TARGE T AREA , APPOINTED BY THE CHAIR OF THE PRINCE 10
GEORGE’S COUNTY COUNCIL; 11

(8) ONE MEMBER WITH EXPERTISE IN EC ONOMIC DEVELOPMENT , 12
APPOINTED BY THE COUNTY EXECUTIVE OF PRINCE GEORGE’S COUNTY; 13

(9) (8) ONE MEMBER APPOINTED BY THE GOVERNOR PRINCE 14
GEORGE’S COUNTY COUNCIL MEMBER WHO RE PRESENTS THE TARGET AREA TO 15
SERVE IN AN ADVISORY CAPACITY, APPOINTED BY THE CHAIR OF THE PRINCE 16
GEORGE’S COUNTY COUNCIL; 17

(10) (9) THE DIRECTOR OF THE PRINCE GEORGE’S COUNTY 18
ECONOMIC DEVELOPMENT CORPORATION, OR THE DIRECTOR’S DESIGNEE; 19

(11) (10) THE EXECUTIVE DIRECTOR OF THE REDEVELOPMENT 20
AUTHORITY OF PRINCE GEORGE’S COUNTY; 21

(12) (11) THE EXECUTIVE DIRECTOR OF THE REVENUE AUTHORITY 22
OF PRINCE GEORGE’S COUNTY; 23

(12) THE EXECUTIVE DIRECTOR OF THE DEPARTMENT OF 24
PERMITTING, INSPECTIONS, AND ENFORCEMENT OF PRINCE GEORGE’S COUNTY; 25

(13) THE MARYLAND–NATIONAL CAPITAL PARK AND PLANNING 26
COMMISSION’S PRINCE GEORGE’S COUNTY PLANNING DIRECTOR; 27

(13) (14) ONE SUITLAND COMMUNITY ME MBER, APPOINTED BY THE 28
SPEAKER OF THE HOUSE; 29

8 SENATE BILL 552

(14) (15) ONE SUITLAND COMMUNITY ME MBER, APPOINTED BY THE 1
PRESIDENT OF THE SENATE; 2

(16) ONE SUITLAND COMMUNITY ME MBER, APPOINTED BY THE 3
COUNTY EXECUTIVE OF PRINCE GEORGE’S COUNTY; AND 4

(15) (17) ONE COMMERCIAL PROPERTY OWNER WITHIN THE TARGET 5
AREA, APPOINTED BY THE COUNTY EXECUTIVE. 6

(C) THE COUNTY EXECUTIVE SHALL SELECT THE CHAIR OF THE BOARD. 7

12–1207. 8

(A) THE AUTHORITY MAY MANAGE APPR OPRIATED FUNDS FROM PRINCE 9
GEORGE’S COUNTY AND THE STATE. 10

(B) THE AUTHORITY MAY RECEIVE DONATED SERVICES FRO M 11
ACCOUNTANTS, LAWYERS, OR OTHER CONSULTANTS AS NECESSARY TO CARRY OUT 12
THIS SUBTITLE. 13

(C) THE AUTHORITY MAY SUPERVI SE, MANAGE, AND TERMINATE STAFF 14
AND CONSULTANTS AS NECESSARY. 15

12–1208. 16

A MEMBER OF THE AUTHORITY: 17

(1) MAY NOT RECEIVE COMP ENSATION AS A MEMBER OF THE 18
AUTHORITY; BUT 19

(2) IS ENTITLED TO REIMB URSEMENT FOR EXPENSE S UNDER THE 20
STANDARD STATE TRAVEL REGULATIONS, AS PROVIDED IN THE STATE BUDGET. 21

12–1209. 22

(A) THE AUTHORITY SHALL: 23

(1) SUPPORT THE DEVELOPM ENT AND APPROVAL OF A 24
COMPREHENSIVE NEIGHB ORHOOD REVITALIZATIO N PLAN IN THE TARGET AREA 25
AND THE BUFFER ZONE TO BENEFIT: 26

(I) THE RESIDENTS; 27

SENATE BILL 552 9

(II) HOUSING; 1

(III) NEIGHBORHOODS; 2

(IV) ECONOMIC DEVELOPMENT; AND 3

(V) TRANSPORTATION, INCLUDING MOTOR VEHI CLES AND 4
PEDESTRIANS; AND 5

(2) WORK IN COORDINATION WITH THE RESIDENTS O F THE TARGET 6
AREA AND THE BUFFER ZONE TO DEVELOP A CO MPREHENSIVE NEIGHBORHOOD 7
REVITALIZATION PLAN. 8

(B) THE AUTHORITY MAY, BY A MAJORITY VOTE O F ALL MEMBERS OF THE 9
AUTHORITY, MODIFY THE BOUNDARIE S OF THE TARGET AREA AND THE BUFFER 10
ZONE. 11

(C) ON OR BEFORE DECEMBER 15, 2027, THE AUTHORITY SHALL REPORT 12
ITS COMPREHENSIVE NEIGHBORHOOD REVITALIZATION STRATEGY, INCLUDING ANY 13
PROCUREMENT ACTIVITIES UNDERTAKEN BY THE AUTHORITY, TO THE GOVERNOR 14
AND, IN ACCORDANCE WITH § 2–1257 OF THE STATE GOVERNMENT ARTICLE, TO 15
THE SENATE BUDGET AND TAXATION COMMITTEE, THE HOUSE ECONOMIC 16
MATTERS COMMITTEE, AND THE HOUSE APPROPRIATIONS COMMITTEE. 17

12–1210. 18

THE AUTHORITY MAY: 19

(1) ADOPT BYLAWS FOR THE CONDUCT OF THE BUSIN ESS OF THE 20
AUTHORITY; 21

(2) ADOPT A SEAL; 22

(3) SUE OR BE SUED; 23

(4) MAINTAIN AN OFFICE A T A PLACE THE AUTHORITY DESIGNATES 24
IN PRINCE GEORGE’S COUNTY; 25

(5) MAKE OR ACCEPT AND MANAGE LOANS, GRANTS, OR ASSISTANCE 26
OF ANY KIND FROM THE FEDERAL OR STATE GOVERNMENT, A LOCAL GOVERNMENT, 27
A COLLEGE OR UNIVERS ITY, A CHARITABLE INSTITU TION, A NONPROFIT 28
ORGANIZATION, A FOR–PROFIT ORGANIZATION, OR A PRIVATE SOURCE; 29

10 SENATE BILL 552

(6) MAKE GRANTS TO INDIVIDUALS; 1

(7) ACQUIRE PROPERTIES IN PRINCE GEORGE’S COUNTY, DIRECTLY 2
OR INDIRECTLY , FROM A PERSON OR POL ITICAL SUBDIVISION , TO IMPROVE , 3
MANAGE, MARKET, MAINTAIN, OR LEASE , FROM A PER SON OR POLITICAL 4
SUBDIVISION FOR RESIDENTIAL, COMMERCIAL, OR INDUSTRIAL DEVELOPMENT OR 5
REDEVELOPMENT, INCLUDING COMPREHENSIVE RENOVATION OR REHABILITATION 6
OF THE LAND OR PROPE RTY ON TERMS THE AUTHORITY CONSIDERS REASONABLE 7
TO OPERATE A PROJECT IN PRINCE GEORGE’S COUNTY, BY: 8

(I) PURCHASE; 9

(II) GIFT; 10

(III) INTEREST; 11

(IV) CONDEMNATION; 12

(V) EMINENT DOMAIN, EXCEPT FOR: 13

1. OWNER–OCCUPIED RESIDENTIAL PROPERTIES; AND 14

2. PROPERTY OWNED OR CO NTROLLED BY THE 15
REVENUE AUTHORITY OF PRINCE GEORGE’S COUNTY OR THE REDEVELOPMENT 16
AUTHORITY OF PRINCE GEORGE’S COUNTY; 17

(VI) TAX SALE; 18

(VII) FORECLOSURE; 19

(VIII) RECEIVERSHIP; 20

(IX) IN REM FORECLOSURE PROCEEDINGS; 21

(X) EASEMENT, OR ANY OTHER INTEREST IN LAND; 22

(XI) LEASE; AND 23

(XII) RENT; 24

(8) ACQUIRE, PURCHASE, HOLD, LEASE AS LESSEE, AND USE: 25

(I) A FRANCHISE, PATENT, OR LICENSE; 26
SENATE BILL 552 11

(II) ANY REAL, PERSONAL, MIXED, TANGIBLE, OR INTANGIBLE 1
PROPERTY; OR 2

(III) AN INTEREST IN THE PROPERTY LISTED IN THIS ITEM; 3

(9) FINANCE ALL OR PART OF THE ACQUISITION OR IMPROVEMENT OF 4
A PROJECT; 5

(10) SELL, LEASE AS LESSOR , TRANSFER, LICENSE, ASSIGN, OR 6
DISPOSE OF PROPERTY OR A PROPERTY INTERE ST THAT THE AUTHORITY 7
ACQUIRES; 8

(11) FIX AND COLLECT RATE S, RENTALS, FEES, ROYALTIES, AND 9
CHARGES FOR SERVICES AND RESOURCES THE AUTHORITY PROVIDES OR MAKES 10
AVAILABLE; 11

(12) ENTER INTO CONTRACTS WITH ANY FEDERAL, STATE, OR LOCAL 12
GOVERNMENT AGENCY , A GOVERNMENTAL UNIT , A COLLEGE OR UNIVERS ITY, 13
CHARITABLE INSTITUTIONS, OR A PRIVATE ENTITY OR PARTY; 14

(13) EXERCISE POWER USUAL LY POSSESSED BY A PR IVATE 15
CORPORATION IN PERFO RMING SIMILAR FUNCTI ONS UNLESS TO DO SO WOULD 16
CONFLICT WITH STATE LAW; 17

(14) WITH THE OWNER’S PERMISSION, ENTER LANDS OR PREMISES TO 18
MAKE A SURVEY, A SOUNDING, A BORING, OR AN EXAMINATION TO ACCOMPLISH THE 19
PURPOSE AUTHORIZED BY THIS SUBTITLE; 20

(15) CREATE, OWN, CONTROL, OR BE A MEMBER OF A CORPORATION, 21
LIMITED LIABILITY COMPANY, PARTNERSHIP, OR ANY OTHER ENTITY; 22

(16) CREATE A SPECIAL DIS TRICT BENEFIT FOR TH E COMMERCIAL 23
BUSINESSES IN THE TARGET AREA; 24

(17) OPEN A BANK ACCOUNT WITH A NATIONAL OR LOCAL FEDERALLY 25
INSURED FINANCIAL INSTITUTION; 26

(18) SET SALARIES IN ACCORDANCE WITH THE JURISDICTION MARKET 27
RATE AND OUTSIDE THE STATE PERSONNEL AND PENSION SYSTEM; 28

(19) CREATE A FORUM FOR STAKEHOL DERS TO COME TOGETHE R ON 29
CREATING A 20–YEAR COMPREHENSIVE P LAN AROUND ECONOMIC , HOUSING, 30
12 SENATE BILL 552

TRANSPORTATION, NEIGHBORHOOD, AND GREEN SPACE DEVE LOPMENT WITHIN 1
THE TARGET AREA; 2

(20) SERVE AS A CLEARINGH OUSE AND RESOURCE CE NTER FOR 3
PROMOTING COORDINATI ON AND COMMUNICATION ON DEVELOPMENT 4
OPPORTUNITIES FOR THE SUITLAND ROAD AND SILVER HILL ROAD CORRIDOR; 5

(21) ENSURE MONEY IS BEING SPENT EFFECTIVELY AND EFFICIENTLY 6
ON DEVELOPMENT AND T HAT DEVELOPMENT IS H APPENING IN THE APPR OPRIATE 7
WAY FOR THE SUITLAND ROAD AND SILVER HILL ROAD CORRIDOR; 8

(22) PROVIDE ADVISORY SERVICES TO STATE AND PRINCE GEORGE’S 9
COUNTY AGENCIES ON PLANNING AND DEVELOPMENT FOR THE TARGET AREA; 10

(23) INITIATE, FUND, AND MONITOR FOR EFFI CIENCY AND 11
EFFECTIVENESS ECO NOMIC, HOUSING, TRANSPORTATION, NEIGHBORHOOD, AND 12
GREEN SPACE DEVELOPMENT WITHIN THE TARGET AREA; 13

(24) MAKE RULES AND REGUL ATIONS FOR THE OPERA TION AND USE 14
OF LAND , PROPERTY, AND UNDERTAKINGS UND ER THE AUTHORITY’S 15
JURISDICTION; AND 16

(25) DO ALL THINGS NECESSARY OR CONVENIENT TO CARRY OUT THE 17
POWERS EXPRESSLY GRANTED BY THIS SUBTITLE. 18

12–1211. 19

(A) THE AUTHORITY SHALL ESTAB LISH A SYSTEM OF FIN ANCIAL 20
ACCOUNTING, CONTROLS, AUDITS, AND REPORTS. 21

(B) THE FISCAL YEAR OF THE AUTHORITY BEGINS ON JULY 1 AND ENDS ON 22
THE FOLLOWING JUNE 30. 23

12–1212. 24

(A) THE AUTHORITY MAY CREATE AND ADMINISTER THE A CCOUNTS THAT 25
THE AUTHORITY REQUIRES. 26

(B) THE AUTHORITY SHALL DEPOSIT ITS MONEY INTO A PRINCE GEORGE’S 27
COUNTY OR NATIONAL BA NK OR A FEDERALLY IN SURED SAVINGS AND L OAN 28
ASSOCIATION THAT HAS A TOTAL PAID–IN CAPITAL OF AT LEAST $1,000,000. 29

SENATE BILL 552 13

(C) THE AUTHORITY MAY DESIGNA TE THE TRUST DEPARTM ENT OF A 1
PRINCE GEORGE’S COUNTY OR NATIONAL BA NK OR SAVINGS AND LO AN 2
ASSOCIATION AS A DEP OSITORY TO RECEIVE S ECURITIES THAT THE AUTHORITY 3
OWNS OR ACQUIRES. 4

12–1213. 5

(A) EXCEPT AS PROVIDED IN SUBSECTION (B) OF THIS SECTION , THE 6
AUTHORITY IS EXEMPT F ROM TAXATION OR ASSE SSMENTS ON ANY PART OF A 7
DEVELOPMENT OR PROJE CT, THE AUTHORITY’S ACTIVITIES IN OPER ATING AND 8
MAINTAINING A DEVELOPMENT OR PROJE CT, AND REVENUES FROM A 9
DEVELOPMENT OR PROJECT. 10

(B) ANY PROPERTY THAT IS SOLD OR LEASED BY TH E AUTHORITY TO A 11
PRIVATE ENTITY IS SU BJECT TO PRINCE GEORGE’S COUNTY AND LOCAL REAL 12
PROPERTY TAXES FROM THE TIME OF SALE OR LEASE. 13

(C) THE AUTHORITY IS EXEMPT F ROM STATE AND LOCAL TRANS FER AND 14
RECORDATION TAX. 15

(D) THE AUTHORITY IS EXEMPT F ROM THE SALES AND US E TAX ON 16
CONSTRUCTION MATERIALS FOR A PROJECT IN THE TARGET AREA OF THE BUFFER 17
ZONE. 18

12–1214. 19

(A) IN THIS SECTION , “FUND” MEANS THE SUITLAND DEVELOPMENT 20
AUTHORITY FUND. 21

(B) THERE IS A SUITLAND DEVELOPMENT AUTHORITY FUND. 22

(C) THE PURPOSE OF THE FUND IS TO PROVIDE FU NDS FOR THE 23
AUTHORITY TO USE FOR CONSULTING FEES , SALARIES, AND ADMINISTRATIVE 24
EXPENSES. 25

(D) THE AUTHORITY SHALL ADMINISTER THE FUND. 26

(E) (1) THE FUND IS A SPECIAL , NONLAPSING FUND THAT IS NOT 27
SUBJECT TO § 7–302 OF THE STATE FINANCE AND PROCUREMENT ARTICLE. 28

(2) THE STATE TREASURER SHALL HOLD THE FUND SEPARATELY , 29
AND THE COMPTROLLER SHALL ACCOUNT FOR THE FUND. 30

14 SENATE BILL 552

(F) THE FUND CONSISTS OF: 1

(1) MONEY APPROPRIATED IN THE STATE BUDGET TO THE FUND; 2

(2) INTEREST EARNINGS; AND 3

(3) ANY OTHER MONEY FROM ANY OTHER SOURCE ACC EPTED FOR 4
THE BENEFIT OF THE FUND. 5

(G) THE FUND MAY BE USED ONLY FOR ADMINISTRATIVE PURPOSES AND TO 6
CARRY OUT THE FUNCTIONS OF THIS SUBTITLE. 7

(H) THE STATE TREASURER SHALL INVES T THE MONEY OF THE FUND IN 8
THE SAME MANNER AS OTHER STATE MONEY MAY BE INVESTED. 9

(I) EXPENDITURES FROM THE FUND MAY BE MADE ONLY IN ACCORDANCE 10
WITH THE STATE BUDGET. 11

Article – State Finance and Procurement 12

6–226. 13

(a) (2) (i) This paragraph does not apply in fiscal years 2024 through 2028. 14

(ii) Notwithstanding any other provision of law, and unless 15
inconsistent with a federal law, grant agreement, or other federal requirement or with the 16
terms of a gift or settlement agreement, net interest on all State money allocated by the 17
State Treasurer under this section to special funds or accounts, and otherwise entitled to 18
receive interest earnings, as accounted for by the Comptroller, shall accrue to the General 19
Fund of the State. 20

(iii) The provisions of subparagraph (ii) of this paragraph do not 21
apply to the following funds: 22

212. the Department of Social and Economic Mobility Special 23
Fund; [and] 24

213. the Population Health Improvement Fund; AND 25

214. THE SUITLAND DEVELOPMENT AUTHORITY FUND. 26

11–203. 27

(L) (1) EXCEPT AS PROVIDED IN PARAGRAPH (2) OF THIS SUBSECTION , 28
THIS DIVISION II DOES NOT APPLY TO TH E SUITLAND DEVELOPMENT AUTHORITY 29
SENATE BILL 552 15

ESTABLISHED UNDER TITLE 12, SUBTITLE 12 OF THE ECONOMIC DEVELOPMENT 1
ARTICLE. 2

(2) THE SUITLAND DEVELOPMENT AUTHORITY ESTABLISHED 3
UNDER TITLE 12, SUBTITLE 12 OF THE ECONOMIC DEVELOPMENT ARTICLE IS 4
SUBJECT TO TITLE 12, SUBTITLE 4 AND TITLE 14, SUBTITLE 3 OF THIS ARTICLE. 5

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect 6
October 1, 2026. 7

Approved:
________________________________________________________________________________
Governor.
________________________________________________________________________________
President of the Senate.
________________________________________________________________________________
Speaker of the House of Delegates.