MD SB455

Establishes the Transformational Project Financing Program within the Department of Housing and Community Development to designate State-supported development districts

Allows governing bodies of political subdivisions to apply to the Department for approval as a State-supported development district

Requires the Department to publish at least annually a summary of all approved State-supported development districts

Creates eligibility criteria and calculation methods for State revenue support directed to approved development districts

Aims to facilitate large-scale transformational development projects through dedicated State financing mechanisms