Economic Development - County or Municipal Corporation Economic Development Authority - Powers and Use of Proceeds

HB 97 expands naming options for county and municipal economic development authorities (allowing names like "redevelopment authority" beyond just "industrial development authority") and broadens their powers. It authorizes these authorities to issue bonds under specific requirements and increases allowable uses of tax increment funds for projects. The bill amends multiple sections of Maryland's economic development code (including Sections 12-101, 12-201, and 12-211) to implement these changes. These modifications directly affect all counties and municipalities operating such authorities across Maryland.