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Establishing that specified transit-oriented development of specified property located near transit stations is a transportation purpose that is essential for the attainment of specified objectives; providing for the construction of provisions of the Act; and declaring the intent of the General Assembly for local governments to coordinate with the Maryland Transit Administration on specified land-use planning, financing, and other critical design elements.
Repealing provisions of law relating to the percentage of operating costs that must be recovered from specified revenues for specified public transit services; establishing a goal for the percentage of operating costs that must be recovered from specified revenues for specified public transit services; requiring the Maryland Transit Administration to implement performance indicators to track transit service efficiency; requiring the Administration to submit an annual report to committees of the General Assembly; etc.
Authorizing the creation of BRAC Revitalization and Incentive Zones in the State; establishing eligibility criteria for the Zones and factors to be considered by the Secretary of Business and Economic Development in approving the Zones; providing that specified benefits provided in designated enterprise zones do not apply to a business entity on land or within improvements owned by the federal government, the State, a county, or a municipal corporation unless specified conditions are met; etc.
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