WILLIAM DONALD SCHAEFER, Governor

COUNTY CERTIFIED BY THE OFFICE OF PLANNING AND THE
FOUNDATION UNDER § 5-408 OF THE STATE FINANCE AND
PROCUREMENT ARTICLE to purchase development rights and guarantee loans that
are collateralized by development rights FOR AGRICULTURAL LAND THAT_T
EXCEPT AS PROVIDED IN PARAGRAPH (3) OF THIS SUBSECTION, MEETS
THE MINIMUM STANDARDS SET BY THE FOUNDATION UNDER § 2-509(C)
OF THIS SUBTITLE, EXCEPT AS PROVIDED IN PARAGRAPH (3) OF THIS
SUBSECTION.

(3) FOR A COUNTY CERTIFIED BY THE OFFICE OF PLANNING
AND THE FOUNDATION UNDER § 5-408 OF THE STATE FINANCE AND
PROCUREMENT ARTICLE, IN LIEU OF ANY ACREAGE REQUIREMENT SET
BY THE FOUNDATION UNDER § 2-509(C) OF THIS SUBTITLE,
DEVELOPMENT RIGHTS PURCHASED BY OR COLLATERALIZING LOANS
GUARANTEED BY A COUNTY UNDER THIS SUBSECTION SHALL BE FOR
AGRICULTURAL LAND OF SIGNIFICANT SIZE TO PROMOTE AN
AGRICULTURAL OPERATION.

[(3)] (4) This subsection may not be construed to prohibit any county from
accepting funds from private sources and using those private funds to purchase
development rights or guarantee loans that are collateralized by development rights.

2-516.

THE FOUNDATION SHALL PROVIDE ITS APPROVAL OR
DISAPPROVAL OF AN APPLICATION BY A COUNTY FOR CERTIFICATION
UNDER § 5-408 OF THE STATE FINANCE AND PROCUREMENT ARTICLE.

Article - Tax - Property

13-306.

(a) (1) Except in Montgomery County AND EXCEPT AS PROVIDED IN
SUBSECTION (A-l) OF THIS SECTION FOR A CERTIFIED COUNTY, each
county collector shall remit from a special account to the Comptroller, as the
Comptroller specifies:

(i) the revenue from the agricultural transfer tax that is attributable
to the taxation of instruments of writing that transfer title to parcels of land that are
entirely woodland; and

(ii) two-thirds of the balance of revenue from the agricultural land
transfer tax that remains after the remittance under item (i) of this paragraph.

(2) In Montgomery County, if § 52-21 (d) (1979) of the Montgomery
County Code is in effect or a transfer tax substantially similar to that provision is in
effect, the collector for Montgomery County shall remit to the Comptroller:

(i) the revenue from the agricultural transfer tax that is attributable
to the taxation of instruments of writing that transfer title to parcels of land that are
entirely woodland; and

- 3247 -