Ch. 63 LAWS OF MARYLAND
RECREATIONAL VALUE OF THE PROJECT;

(4) GEOGRAPHIC DISTRIBUTION;

(5) THE DEGREE OF DEVELOPMENT PRESSURE IN THE AREA;

AND

(6) WHETHER THE GRANT WILL BE REIMBURSED TO THE
LAND TRUST GRANT FUND, AS PROVIDED BY § 3-2A-08 OF THIS
SUBTITLE.

(B) THE TRUST MAY NOT MAKE A GRANT UNDER THIS SUBTITLE
TO A LAND TRUST UNLESS THE LAND TRUST:

(1) CONTRIBUTES AN AMOUNT NOT LESS THAN 15% OF THE
AMOUNT OF THE GRANT AS A MATCH; OR

(2) AGREES TO RESELL THE PROPERTY TO THE DEPARTMENT
OR A LOCAL GOVERNING BODY AS PROVIDED BY § 5-903 OR §5-905 OF
THIS ARTICLE.

3-2A-08.

(A) A LAND TRUST MAY WITH THE APPROVAL OF THE TRUST,
SUBSEQUENTLY SELL OR TRANSFER THE ACQUIRED PROPERTY TO A
THIRD PARTY.

(B) AS A CONDITION OF THE GRANT, THE TRUST MAY REQUIRE
THE DEDICATION OF A CONSERVATION EASEMENT ON OR
REVERSIONARY INTEREST IN THE PROPERTY IN FAVOR OF THE TRUST.

(C) (1) GRANTS AWARDED TO LAND TRUSTS UNDER THIS
SUBTITLE MAY BE FULLY OR PARTIALLY REIMBURSED TO THE LAND
TRUST GRANT FUND UNDER THE GENERAL CONDITIONS SET FORTH IN
PARAGRAPH (2) OF THIS SUBSECTION, TO BE FURTHER SPECIFIED BY
THE TRUST IN THE GRANT CONDITIONS.

(2) WHEN LAND OR AN INTEREST IN LAND IS ACQUIRED BY
THE LAND TRUST WITH A GRANT UNDER THIS SUBTITLE, ON RESALE OF
THE PROPERTY A PROPORTION OF THE MONEYS FROM THE RESALE
SHALL BE REPAID TO THE LAND TRUST GRANT FUND AS MAY BE
PROVIDED IN THE GRANT CONDITIONS.

3-2A-09.

(A) EXCEPT AS PROVIDED IN THIS SUBTITLE, THE TRUST MAY SET
THE TERMS AND CONDITIONS FOR GRANTS.

(B) IF THE TRUST DECIDES TO GRANT MONEY TO AN APPLICANT,
THE TRUST SHALL PREPARE GRANT DOCUMENTS.

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