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BILL INFORMATION
PG 425-26/LR3101: Tax Increment Financing – Extraordinary Development District – Alterations
Requested By: County Executive
Synopsis
FOR the purpose of altering the definition of “extraordinary development district” for the purpose of provisions of law governing tax increment financing to include a certain immersive entertainment venue; expanding the purposes for which bond proceeds may be used by Prince George’s County or the revenue authority of Prince George’s County to include the acquisition, construction, or rehabilitation of an immersive entertainment venue in an extraordinary development district; authorizing the Maryland–National Capital Park and Planning Commission to enter into a certain agreement that pledges certain taxes as security for bonds issued by Prince George’s County contingent on the adoption of certain resolutions; and generally relating to tax increment financing of an extraordinary development district.