WILLIAM DONALD SCHAEFER, Governor Ch. 65

(D) A COUNTY MAY USE THE ADDITIONAL FUNDS DISTRIBUTED
UNDER THIS SECTION ONLY FOR AN APPROVED AGRICULTURAL LAND
PRESERVATION PROGRAM FOR THE PURPOSES STATED UNDER § 2-512
OF THIS SUBTITLE, INCLUDING USE FOR BOND ANNUITY FUNDS,
COLLATERALIZING LOANS, OR MATCHING FUNDS.

2-510.

(a) An owner of agricultural land located in an agricultural district established
under this subtitle may offer by written application to sell an easement to the
foundation on the entire contiguous acreage of such agricultural land.

(b) In order to be considered by the foundation, an application to sell shall:

(1) Be received by the board not later than July 1 for the first offer cycle or
January 1 for the second offer cycle of the fiscal year in which the application is to be
considered;

(2) IF THE APPLICANT INTENDS TO SEEK REIMBURSEMENT
FOR THE APPRAISAL APPRAISALS REQUIRED TO DETERMINE STATE
EASEMENT VALUE, INCLUDE AN APPRAISAL THAT CONFORMS TO
GUIDELINES ESTABLISHED BY THE DEPARTMENT OF GENERAL
SERVICES FOR BOTH THE FAIR MARKET VALUE OF THE LAND AND THE
AGRICULTURAL VALUE OF THE LAND BY AN APPRAISER APPROVED BY
THE DEPARTMENT OF GENERAL SERVICES;

(3) Include an asking price at which the owner is willing to sell an
easement; and

[(3)] (4) Include a complete description of the subject land.

(M) AT THE TIME OF SETTLEMENT OF THE PURCHASE OF AN
EASEMENT, IF THE LANDOWNER INCLUDED IN THE APPLICATION TO
SELL AN APPRAISAL MEETING THE REQUIREMENTS DESCRIBED IN
SUBSECTION (B)(2) OF THIS SECTION, THE FOUNDATION SHALL
REIMBURSE THE LANDOWNER FOR THE LANDOWNER'S COSTS OF THE
APPRAISAL IN AN AMOUNT NOT EXCEEDING AN AMOUNT SET BY
REGULATION BY THE DEPARTMENT OF GENERAL SERVICES.

2-512.

(a) The foundation may not approve matching allotted purchases of easements
for land located in any county which has not secured approval from the foundation for
a local program of agricultural land preservation.

(b) The foundation may approve a local program of agricultural land
preservation upon request of a county, provided that:

(1) The county shall agree to make payments up to a specified aggregate
amount to the Maryland Agricultural Land Preservation Fund to equal at least 40
percent of the value of any easement acquired by the foundation as a result of a

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