(a) For any purpose stated in § 21–410(a)(1) of this subtitle, a municipality may: (1) establish a special taxing district; (2) impose ad valorem or special taxes; and (3) issue bonds. (b) (1) For any purpose stated in § 21–410(a)(2) of this subtitle, a municipality may: (i) establish special taxing districts; (ii) impose ad valorem or special taxes; and (iii) pledge funds under an agreement to: 1. secure payment on MEDCO obligations; 2. pay the costs of infrastructure improvements located in or supporting a transit–oriented development or a State hospital redevelopment; and 3. pay the costs of operating and maintaining infrastructure improvements located in or supporting a transit–oriented development or a State hospital redevelopment. (2) An agreement pledging funds as described in paragraph (1)(iii) of this subsection shall: (i) be authorized by an ordinance or resolution of the municipality; (ii) be in writing; (iii) be executed on behalf of the municipality making the pledge, the Maryland Economic Development Corporation, and any other person or entity that the governing body of the municipality determines; and (iv) benefit, and be enforceable on behalf of, the holders of any

Maryland Economic Development Corporation, and any other person or entity that the governing body of the municipality determines; and (iv) benefit, and be enforceable on behalf of, the holders of any MEDCO obligation secured by the agreement. (c) (1) Notwithstanding any other provision of law, a municipality may establish a special taxing district, issue bonds, or impose an ad valorem or special tax under this part only if a request to the municipality is made by both: (i) the owners of at least two–thirds of the assessed valuation of the real property located in the special taxing district; and (ii) at least two–thirds of the owners of the real property located in the special taxing district. (2) For purposes of paragraph (1)(ii) of this subsection: (i) multiple owners of a single parcel are treated as a single owner; and (ii) a single owner of multiple parcels is treated as one owner.