§21–506.

    (a)    By resolution, the governing body of a county:

        (1)    may designate an area as a special taxing district; and

        (2)    shall create a special fund with respect to the special taxing district.

    (b)    A resolution creating a special fund under subsection (a) of this section shall:

        (1)    pledge to the special fund the proceeds of the ad valorem or special tax to be imposed as provided under § 21–508 of this subtitle; and

        (2)    require that the proceeds from the tax be paid into the special fund.