Economic Development - Charles County Waldorf Urban Redevelopment Corridor Authority - Established

EXPLANATION: CAPITALS INDICATE MATTER ADDED TO EXISTING LAW.
[Brackets] indicate matter deleted from existing law.
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SENATE BILL 952
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CF 6lr2929
By: Charles County Senators
Introduced and read first time: February 6, 2026
Assigned to: Finance

A BILL ENTITLED

AN ACT concerning 1

Economic Development – Charles County Waldorf Urban Redevelopment 2
Corridor Authority – Established 3

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

BY adding to 11
Article – Economic Development 12
Section 12–1201 through 12–1214 to be under the new subtitle “Subtitle 12. Charles 13
County Waldorf Urban Redevelopment Corridor 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
Article – State Finance and Procurement 23
Section 6–226(a)(2)(iii)212. and 213. 24
Annotated Code of Maryland 25
(2021 Replacement Volume and 2025 Supplement) 26

BY adding to 27
2 SENATE BILL 952

Article – State Finance and Procurement 1
Section 6–226(a)(2)(iii)214. and 11–203(l) 2
Annotated Code of Maryland 3
(2021 Replacement Volume and 2025 Supplement) 4

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, 5
That the Laws of Maryland read as follows: 6

Article – Economic Development 7

SUBTITLE 12. CHARLES COUNTY WALDORF URBAN REDEVELOPMENT CORRIDOR 8
AUTHORITY. 9

12–1201. 10

(A) IN THIS SUBTITLE THE FOLLOWING WORDS HAVE THE MEANINGS 11
INDICATED. 12

(B) “AUTHORITY” MEANS THE WALDORF URBAN REDEVELOPMENT 13
CORRIDOR AUTHORITY. 14

(C) “BOARD” MEANS THE BOARD OF DIRECTORS OF THE AUTHORITY. 15

(D) “BUFFER ZONE” MEANS THE AREA WITHIN 250 YARDS OF THE TARGET 16
AREA. 17

(E) “TARGET AREA” MEANS STATE LEGISLATIVE DISTRICTS 27A AND 28 IN 18
CHARLES COUNTY. 19

12–1202. 20

THIS SUBTITLE SHALL B E LIBERALLY CONSTRUE D TO ACCOMPLISH ITS 21
PURPOSES. 22

12–1203. 23

(A) THERE IS A WALDORF URBAN REDEVELOPMENT CORRIDOR 24
AUTHORITY IN CHARLES COUNTY. 25

(B) THE AUTHORITY IS A BODY P OLITIC AND CORPORATE AND IS AN 26
INSTRUMENTALITY OF THE STATE. 27

(C) THE EXERCISE BY THE AUTHORITY OF A POWER UNDER THIS SUBTITLE 28
IS THE PERFORMANCE OF AN ESSENTIAL GOVERNMENTAL FUNCTION. 29
SENATE BILL 952 3

(D) THE GOVERNOR MAY INCLUDE EACH YEAR IN THE STATE BUDGET BILL 1
AN APPROPRIATION TO THE AUTHORITY IN CHARLES COUNTY. 2

(E) BEGINNING FISCAL YEAR 2036, THE AUTHORITY SHALL BE 3
SELF–SUSTAINING. 4

12–1204. 5

(A) THE LEGISLATIVE PURPOSES OF THE AUTHORITY ARE TO: 6

(1) REVIVE THE VARIOUS C OMMUNITIES ALONG THE WALDORF 7
URBAN REDEVELOPMENT CORRIDOR IN CHARLES COUNTY; 8

(2) PROMOTE ECONOMIC DEVELOPMENT; 9

(3) ENCOURAGE THE INCREASE OF BUSINESS ACTIVITY, COMMERCE, 10
AND A BALANCED ECONOMY IN CHARLES COUNTY; 11

(4) HELP TO RETAIN AND A TTRACT BUSINESS ACTIVITY AND 12
COMMERCE IN CHARLES COUNTY; AND 13

(5) PROMOTE THE HEALTH , PUBLIC SAFETY , RIGHT OF GAINFUL 14
EMPLOYMENT, AND WELFARE OF RESIDENTS OF CHARLES COUNTY. 15

(B) THE GENERAL ASSEMBLY INTENDS THAT: 16

(1) THE AUTHORITY OPERATE AND EXERCISE ITS CORPORA TE 17
POWERS ALONG THE WALDORF URBAN REDEVELOPMENT CORRIDOR IN CHARLES 18
COUNTY; 19

(2) WITHOUT LIMITING ITS AUTHORITY TO OTHERWISE EXERCISE ITS 20
POWERS, THE AUTHORITY EXERCISES ITS POWERS TO ASSIST PRIVATE REAL ESTATE 21
ENTITIES AND NONPROF IT COMMUNITY DEVELOP MENT CORPORATIONS TO 22
DEVELOP AND REHABILI TATE HOUSING AND COM MERCIAL UNITS IN CHARLES 23
COUNTY AND SUPPORT LO CAL ECONOMIC DEVELOP MENT AGENCIES TO 24
CONTRIBUTE TO THE EX PANSION, MODERNIZATION, AND RETENTION OF EXI STING 25
ENTERPRISES IN CHARLES COUNTY, AS WELL AS THE A TTRACTION OF NEW 26
BUSINESSES TO CHARLES COUNTY; AND 27

(3) THE AUTHORITY SHOULD NOT OWN AND OPERATE A PR OJECT 28
UNLESS: 29

4 SENATE BILL 952

(I) THE BOARD DETERMINES BY R ESOLUTION THAT THE 1
PRIVATE SECTOR HAS N OT DEMONSTRATED SERI OUS AND SIGNIFICANT INTEREST 2
AND DEVELOPMENT CAPACITY TO OWN AND OPERATE THE PROJECT; OR 3

(II) A REPRESENTATIVE OF A GOVERNMENTAL UNIT REQUESTS 4
IN WRITING THAT THE AUTHORITY OWN AND OPERATE THE PROJECT. 5

12–1205. 6

(A) (1) EXCEPT AS OTHERWISE P ROVIDED IN THIS SECT ION, IN 7
EXERCISING ITS POWERS, THE AUTHORITY: 8

(I) MAY CARRY OUT THE PU RPOSES OF THE AUTHORITY 9
WITHOUT THE CONSENT OF ANY STATE UNIT; AND 10

(II) IS NOT SUBJECT TO: 11

1. SUBTITLES 1 THROUGH 3 OF THIS TITLE; OR 12

2. THE FOLLOWING PROVIS IONS OF THE STATE 13
FINANCE AND PROCUREMENT ARTICLE: 14

A. TITLE 2, SUBTITLES 2 (GIFTS AND GRANTS) AND 5 15
(FACILITIES FOR THE HANDICAPPED); 16

B. TITLE 3 (BUDGET AND MANAGEMENT); 17

C. TITLE 4 (DEPARTMENT OF GENERAL SERVICES); 18

D. TITLE 5A (DIVISION OF HISTORICAL AND CULTURAL 19
PROGRAMS); 20

E. TITLE 6, SUBTITLE 1 (STUDIES AND ESTIMATES); 21

F. TITLE 7, SUBTITLES 1 (STATE OPERATING BUDGET), 22
2 (DISBURSEMENTS AND EXPENDITURES), AND 3 (UNSPENT BALANCES); 23

G. TITLE 10 (BOARD OF PUBLIC WORKS 24
– MISCELLANEOUS PROVISIONS); OR 25

H. DIVISION II (GENERAL PROCUREMENT LAW). 26

(2) THE AUTHORITY IS SUBJECT TO: 27
SENATE BILL 952 5

(I) THE PUBLIC INFORMATION ACT; AND 1

(II) THE OPEN MEETINGS ACT. 2

(B) THE AUTHORITY AND ITS OFFICERS AND EMPLOYEES ARE SUBJECT TO 3
THE PUBLIC ETHICS LAW. 4

(C) THE AUTHORITY AND ITS OFFICERS AND EMPLOYEES ARE SUBJECT TO 5
TITLE 12, SUBTITLE 4 OF THE STATE FINANCE AND PROCUREMENT ARTICLE. 6

(D) THE AUTHORITY IS SUBJECT TO TITLE 14, SUBTITLE 3 OF THE STATE 7
FINANCE AND PROCUREMENT ARTICLE. 8

12–1206. 9

(A) A BOARD OF DIRECTORS SHALL MANAG E THE AUTHORITY AND 10
EXERCISE ITS POWERS. 11

(B) (1) THE CHARLES COUNTY COMMISSIONERS SHALL A PPOINT THE 12
MEMBERS OF THE BOARD. 13

(2) THE CHARLES COUNTY COMMISSIONERS SHALL E STABLISH 14
4–YEAR STAGGERED TERMS FOR THE MEMBERS. 15

(C) THE CHARLES COUNTY COMMISSIONERS SHALL SELECT THE CHAIR OF 16
THE BOARD. 17

12–1207. 18

(A) THE AUTHORITY MAY MANAGE APPROPRIATED FUNDS FROM CHARLES 19
COUNTY AND THE STATE. 20

(B) THE AUTHORITY MAY RECEIVE DONATED SERVICES FRO M 21
ACCOUNTANTS, LAWYERS, OR OTHER CONSULTANTS AS NECESSARY TO CARRY OUT 22
THIS SUBTITLE. 23

(C) THE AUTHORITY MAY SUPERVI SE, MANAGE, AND TERMINATE STAFF 24
AND CONSULTANTS AS NECESSARY. 25

12–1208. 26

A MEMBER OF THE AUTHORITY: 27
6 SENATE BILL 952

(1) MAY NOT RECEIVE COMP ENSATION AS A MEMBER OF THE 1
AUTHORITY; BUT 2

(2) IS ENTITLED TO REIMB URSEMENT FO R EXPENSES UNDER THE 3
STANDARD STATE TRAVEL REGULATIONS, AS PROVIDED IN THE STATE BUDGET. 4

12–1209. 5

(A) THE AUTHORITY SHALL: 6

(1) SUPPORT THE DEVELOPM ENT AND APPROVAL OF A 7
COMPREHENSIVE NEIGHB ORHOOD REVITALIZATIO N PLAN IN THE TARGET AREA 8
AND THE BUFFER ZONE TO BENEFIT: 9

(I) THE RESIDENTS; 10

(II) HOUSING; 11

(III) THE NEIGHBORHOODS; 12

(IV) ECONOMIC DEVELOPMENT; AND 13

(V) TRANSPORTATION, INCLUDING MOTOR VEHI CLES AND 14
PEDESTRIANS; AND 15

(2) WORK IN COORDINATION WITH THE RESIDENTS O F THE TARGET 16
AREA AND THE BUFFER ZONE TO DEVELOP A CO MPREHENSIVE NEIGHBOR HOOD 17
REVITALIZATION PLAN. 18

(B) THE AUTHORITY MAY, BY A MAJORITY VOTE O F ALL MEMBERS OF THE 19
AUTHORITY, MODIFY THE BOUNDARIE S OF THE TARGET AREA AND THE BUFFER 20
ZONE. 21

(C) ON OR BEFORE DECEMBER 15, 2027, THE AUTHORITY SHALL REPORT 22
ITS COMPREHENSIVE NEIGHBORHOOD REVITALIZATION STRATEGY, INCLUDING ANY 23
PROCUREMENT ACTIVITIES UNDERTAKEN BY THE AUTHORITY, TO THE GOVERNOR 24
AND, IN ACCORDANCE WITH § 2–1257 OF THE STATE GOVERNMENT ARTICLE, TO 25
THE SENATE BUDGET AND TAXATION COMMITTEE, THE HOUSE ECONOMIC 26
MATTERS COMMITTEE, AND THE HOUSE APPROPRIATIONS COMMITTEE. 27

12–1210. 28

SENATE BILL 952 7

THE AUTHORITY MAY: 1

(1) ADOPT BYLAWS FOR THE CONDUCT OF THE BUSIN ESS OF THE 2
AUTHORITY; 3

(2) ADOPT A SEAL; 4

(3) SUE OR BE SUED; 5

(4) MAINTAIN AN OFFICE A T A PLACE THE AUTHORITY DESIGNATES 6
IN CHARLES COUNTY; 7

(5) MAKE OR ACCEPT AND MANAGE LOANS, GRANTS, OR ASSISTANCE 8
OF ANY KIND FROM THE FEDERAL OR STATE GOVERNMENT, A LOCAL GOVERNMENT, 9
A COLLEGE OR UNIVERS ITY, A CHARITABLE INSTITU TION, A NONPROFIT 10
ORGANIZATION, A FOR–PROFIT ORGANIZATION, OR A PRIVATE SOURCE; 11

(6) MAKE GRANTS TO INDIVIDUALS; 12

(7) ACQUIRE PROPERTIES I N CHARLES COUNTY, DIRECTLY OR 13
INDIRECTLY, FROM A PERSON OR POL ITICAL SUBDIVISION T O IMPROVE, MANAGE, 14
MARKET, MAINTAIN, OR LEASE FROM A PERS ON OR POLITICAL SUBD IVISION FOR 15
RESIDENTIAL, COMMERCIAL, OR INDUSTRIAL DEVELOPMENT OR REDEVELOPMENT, 16
INCLUDING COMPREHENSIVE RENOVATION OR RE HABILITATION OF THE LAND OR 17
PROPERTY ON TERMS TH E AUTHORITY CONSIDERS R EASONABLE TO OPERATE A 18
PROJECT IN CHARLES COUNTY, BY: 19

(I) PURCHASE; 20

(II) GIFT; 21

(III) INTEREST; 22

(IV) CONDEMNATION; 23

(V) EMINENT DOMAIN , EXCEPT FOR OWNER –OCCUPIED 24
RESIDENTIAL PROPERTIES; 25

(VI) TAX SALE; 26

(VII) FORECLOSURE; 27

(VIII) RECEIVERSHIP; 28
8 SENATE BILL 952

(IX) IN REM FORECLOSURE PROCEEDINGS; 1

(X) EASEMENT, OR ANY OTHER INTEREST IN LAND; 2

(XI) LEASE; AND 3

(XII) RENT; 4

(8) ACQUIRE, PURCHASE, HOLD, LEASE AS LESSEE, AND USE: 5

(I) A FRANCHISE, PATENT, OR LICENSE; 6

(II) ANY REAL, PERSONAL, MIXED, TANGIBLE, OR INTANGIBLE 7
PROPERTY; OR 8

(III) AN INTEREST IN THE PROPERTY LISTED IN THIS ITEM; 9

(9) FINANCE ALL OR PART OF THE ACQUISITION OR IMPROVEMENT OF 10
A PROJECT; 11

(10) SELL, LEASE AS LESSOR , TRANSFER, LICENSE, ASSIGN, OR 12
DISPOSE OF PROPERTY OR A PROPERTY INTEREST TH AT THE AUTHORITY 13
ACQUIRES; 14

(11) FIX AND COLLECT RATE S, RENTALS, FEES, ROYALTIES, AND 15
CHARGES FOR SERVICES AND RESOURCES THE AUTHORITY PROVIDES OR MAKES 16
AVAILABLE; 17

(12) ENTER INTO CONTRACTS WITH ANY FEDERAL, STATE, OR LOCAL 18
GOVERNMENT AGENCY , A GOVERNMENTAL UNIT , A COLLEGE OR UNIVERS ITY, A 19
CHARITABLE INSTITUTION, OR A PRIVATE ENTITY OR PARTY; 20

(13) EXERCISE POWER USUAL LY POSSESSED BY A PR IVATE 21
CORPORATION IN PERFO RMING SIMILAR FUNCTI ONS UNLESS TO DO SO WOULD 22
CONFLICT WITH STATE LAW; 23

(14) WITH THE OWNER’S PERMISSION, ENTER LANDS OR PREMISES TO 24
MAKE A SURVEY, A SOUNDING, A BORING, OR AN EXAMINATION TO ACCOMPLISH THE 25
PURPOSE AUTHORIZED BY THIS SUBTITLE; 26

(15) CREATE, OWN, CONTROL, OR BE A MEMBER OF A CORPORATION, 27
LIMITED LIABILITY COMPANY, PARTNERSHIP, OR ANY OTHER ENTITY; 28
SENATE BILL 952 9

(16) CREATE A SPECIAL DIS TRICT BENEFIT FOR TH E COMMERCIAL 1
BUSINESSES IN THE TARGET AREA; 2

(17) OPEN A BANK ACCOUNT WITH A NATIONAL OR LOCAL FEDERALLY 3
INSURED FINANCIAL INSTITUTION; 4

(18) SET SALARIES IN ACCORDANCE WITH THE JURISDICTION MARKET 5
RATE AND OUTSIDE THE STATE PERSONNEL AND PENSION SYSTEM; 6

(19) CREATE A FORUM FOR S TAKEHOLDERS TO COME TOGETHER ON 7
CREATING A 20–YEAR COMPREHENSIVE P LAN AROUND ECONOMIC , HOUSING, 8
TRANSPORTATION, NEIGHBORHOOD, AND GREEN SPACE DEVELOPM ENT WITHIN 9
THE TARGET AREA; 10

(20) SERVE AS A CLEARINGH OUSE AND RESOURCE CE NTER FOR 11
PROMOTING COORDINATI ON AND COMMUNICATION ON DEVELOPMENT 12
OPPORTUNITIES FOR THE WALDORF URBAN REDEVELOPMENT CORRIDOR; 13

(21) ENSURE MONEY IS BEING SPENT EFFECTIVELY AND EFFICIENTLY 14
ON DEVELOPMENT AND T HAT DEVELOPMENT IS H APPENING IN THE APPR OPRIATE 15
WAY FOR THE WALDORF URBAN REDEVELOPMENT CORRIDOR; 16

(22) PROVIDE ADVISORY SERVICES TO STATE AND CHARLES COUNTY 17
AGENCIES ON PLANNING AND DEVELOPMENT FOR THE TARGET AREA; 18

(23) INITIATE, FUND, AND MONITOR FOR EFFI CIENCY AND 19
EFFECTIVENESS ECONOM IC, HOUSING, TRANSPORTATION, NEIGHBORHOOD, AND 20
GREEN SPACE DEVELOPMENT WITHIN THE TARGET AREA; 21

(24) MAKE RULES AND REGUL ATIONS FOR THE OPERA TION AND USE 22
OF LAND , PROPERTY, AND UNDERTAKINGS UND ER THE AUTHORITY’S 23
JURISDICTION; AND 24

(25) DO ALL THINGS NECESSARY OR CONVENIENT TO CARRY OUT THE 25
POWERS EXPRESSLY GRANTED BY THIS SUBTITLE. 26

12–1211. 27

(A) THE AUTHORITY SHALL ESTAB LISH A SYSTEM OF FIN ANCIAL 28
ACCOUNTING, CONTROLS, AUDITS, AND REPORTS. 29

10 SENATE BILL 952

(B) THE FISCAL YEAR OF THE AUTHORITY BEGINS ON JULY 1 AND ENDS ON 1
THE FOLLOWING JUNE 30. 2

12–1212. 3

(A) THE AUTHORITY MAY CREATE AND ADMINISTER THE A CCOUNTS THAT 4
THE AUTHORITY REQUIRES. 5

(B) THE AUTHORITY SHALL DEPOSIT ITS MONEY INTO A CHARLES COUNTY 6
OR NATIONAL BANK OR A FEDERALLY INSURED SAVINGS AND LOAN ASS OCIATION 7
THAT HAS A TOTAL PAID–IN CAPITAL OF AT LEAST $1,000,000. 8

(C) THE AUTHORITY MAY DESIGNA TE THE TRUST DEPARTM ENT OF A 9
CHARLES COUNTY OR NATIONAL BA NK OR SAVINGS AND LOAN ASSOCIATION AS A 10
DEPOSITORY TO RECEIVE SECURITIES THAT THE AUTHORITY OWNS OR ACQUIRES. 11

12–1213. 12

(A) EXCEPT AS PROVIDED IN SUBSECTION (B) OF THIS SECTION , THE 13
AUTHORITY IS EXEMPT F ROM TAXATION OR ASSE SSMENTS ON ANY PART OF A 14
DEVELOPMENT OR PROJE CT, THE AUTHORITY’S ACTIVITIES IN OPER ATING AND 15
MAINTAINING A DEVELO PMENT OR PROJECT , AND REVENUES FROM A 16
DEVELOPMENT OR PROJECT. 17

(B) ANY PROPERTY THAT IS SOLD OR LEASED BY TH E AUTHORITY TO A 18
PRIVATE ENTITY IS SU BJECT TO CHARLES COUNTY AND LOCAL REAL PROPERTY 19
TAXES FROM THE TIME OF SALE OR LEASE. 20

(C) THE AUTHORITY IS EXEMPT F ROM STATE AND LOCAL TRANS FER AND 21
RECORDATION TAX. 22

(D) THE AUTHORITY IS EXEMPT F ROM THE SALES AND US E TAX ON 23
CONSTRUCTION MATERIALS FOR A PROJECT IN THE TARGET AREA OF THE BUFFER 24
ZONE. 25

12–1214. 26

(A) IN THIS SECTION , “FUND” MEANS THE WALDORF URBAN 27
REDEVELOPMENT CORRIDOR AUTHORITY FUND. 28

(B) THERE IS A WALDORF URBAN REDEVELOPMENT CORRIDOR 29
AUTHORITY FUND. 30

SENATE BILL 952 11

(C) THE PURPOSE OF THE FUND IS TO PROVIDE FU NDS FOR THE 1
AUTHORITY TO USE FOR CONSULTING FEES , SALARIES, AND ADMINISTRATIVE 2
EXPENSES. 3

(D) THE AUTHORITY SHALL ADMINISTER THE FUND. 4

(E) (1) THE FUND IS A SPECIAL , NONLAPSING FUND THAT IS NOT 5
SUBJECT TO § 7–302 OF THE STATE FINANCE AND PROCUREMENT ARTICLE. 6

(2) THE STATE TREASURER SHA LL HOLD THE FUND SEPARATELY , 7
AND THE COMPTROLLER SHALL ACCOUNT FOR THE FUND. 8

(F) THE FUND CONSISTS OF: 9

(1) MONEY APPROPRIATED IN THE STATE BUDGET TO THE FUND; 10

(2) INTEREST EARNINGS OF THE FUND; AND 11

(3) ANY OTHER MONEY FROM ANY OTHER SOURCE ACCEPTED FOR 12
THE BENEFIT OF THE FUND. 13

(G) THE FUND MAY BE USED ONLY FOR ADMINISTRATIVE PURPOSES AND TO 14
CARRY OUT THE FUNCTIONS OF THIS SUBTITLE. 15

(H) THE STATE TREASURER SHALL INVES T THE MONEY OF THE FUND IN 16
THE SAME MANNER AS OTHER STATE MONEY MAY BE INVESTED. 17

(I) EXPENDITURES FROM THE FUND MAY BE MADE ONLY IN ACCORDANCE 18
WITH THE STATE BUDGET. 19

Article – State Finance and Procurement 20

6–226. 21

(a) (2) (i) This paragraph does not apply in fiscal years 2024 through 2028. 22

(ii) Notwithstanding any oth er provision of law, and unless 23
inconsistent with a federal law, grant agreement, or other federal requirement or with the 24
terms of a gift or settlement agreement, net interest on all State money allocated by the 25
State Treasurer under this section to speci al funds or accounts, and otherwise entitled to 26
receive interest earnings, as accounted for by the Comptroller, shall accrue to the General 27
Fund of the State. 28

12 SENATE BILL 952

(iii) The provisions of subparagraph (ii) of this paragraph do not 1
apply to the following funds: 2

212. the Department of Social and Economic Mobility Special 3
Fund; [and] 4

213. the Population Health Improvement Fund; AND 5

214. THE WALDORF URBAN REDEVELOPMENT CORRIDOR 6
AUTHORITY FUND. 7

11–203. 8

(L) (1) EXCEPT AS PROVIDED IN PARAGRAPH (2) OF THIS SUBSECTION , 9
THIS DIVISION II DOES NOT APPLY TO TH E WALDORF URBAN REDEVELOPMENT 10
CORRIDOR AUTHORITY ESTABLISHED UNDER TITLE 12, SUBTITLE 12 OF THE 11
ECONOMIC DEVELOPMENT ARTICLE. 12

(2) THE WALDORF URBAN REDEVELOPMENT CORRIDOR 13
AUTHORITY ESTABLISHED UNDER TITLE 12, SUBTITLE 12 OF THE ECONOMIC 14
DEVELOPMENT ARTICLE IS SUBJECT TO TITLE 12, SUBTITLE 4 AND TITLE 14, 15
SUBTITLE 3 OF THIS ARTICLE. 16

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect 17
October 1, 2026. 18