(a) In this subtitle the following words have the meanings indicated. (b) 'Bond' means a bond, note, or other similar instrument that a political subdivision issues under this subtitle. (c) 'Chief executive' means the president, chair, mayor, county executive, or any other chief executive officer of a political subdivision. (d) 'Designated blighted area' means an area designated under § 12-303 of this subtitle. (e) 'Financed area' means the geographic portion of a designated blighted area for which the proceeds of a bond are to be used under § 12-303 of this subtitle. (f) 'Political subdivision' means a county or municipal corporation.
Maryland Legal Code