574                               LAWS OF MARYLAND                       [CH. 399

CULATED BASED UPON THE ASSESSED VALUE MADE
PURSUANT TO SUBSECTION (3) HEREOF, FOR SO MANY
OF THE MOST RECENT TAXABLE YEARS AS NECESSARY
TO ACHIEVE A TAX BASED ON THE FULL VALUE OF SAID
LAND FOR TEN (10) TAXABLE YEARS.

(8)  IF ONLY A PORTION OF THE PROPERTY IS CON-
VEYED AND THE REMAINING PORTION OF SAID PROPERTY
OTHERWISE QUALIFIES AS A COUNTRY CLUB UNDER
THIS SUBSECTION, THE UNPAID DEFERRED TAXES THAT
SHALL IMMEDIATELY BECOME DUE AND PAYABLE UNDER
THE PROVISIONS OF SUBPARAGRAPH (7) SHALL BE ONLY
THOSE BASED UPON AN ASSESSMENT OR ASSESSMENTS
OR ANY PORTION THEREOF DIRECTLY APPLICABLE TO
THAT PORTION OF THE PROPERTY SO CONVEYED.

(9)  AN AGREEMENT UNDER THIS SUBSECTION MAY BE
ASSIGNED AND TRANSFERRED TO THE BUYER OF ALL OR
A PORTION OF THE LANDS, PROVIDED THAT SAID BUYER
ASSUMES THE OBLIGATIONS OF THE AGREEMENT, IN
WHICH EVENT, NO DEFERRED TAXES WILL BE DUE AT
THE TIME OF SAID SALE OR CONVEYANCE UNDER THE
PROVISIONS OF SUBPARAGRAPH (7) HEREOF.

(10)  ANY ASSESSMENT MADE PURSUANT TO EITHER
SUBPARAGRAPHS (2) OR (3) HEREOF SHALL CONTINUE
FROM YEAR TO YEAR, UNTIL CHANGED PURSUANT TO
THE PROVISIONS OF THIS ARTICLE AND SHALL BE SUB-
JECT TO ADMINISTRATIVE AND JUDICIAL REVIEW AC-
CORDING TO THE PROVISIONS OF THIS ARTICLE AS MAY
BE APPLICABLE TO ANY OTHER ASSESSMENTS OF REAL
PROPERTY.

(11)  ANY TAXES, THE PAYMENT OF WHICH ARE DE-
FERRED PURSUANT TO THIS SUBSECTION, SHALL BE,
UNTIL PAID OR OTHERWISE EXTINGUISHED BY OPERA-
TION OF LAW, A LIEN ON THE PROPERTY OR PORTION
THEREOF TO WHICH THEY MAY APPLY IRRESPECTIVE
OF ANY PERIODS OF LIMITATION IMPOSED BY THIS
ARTICLE.

(12)  ALL ASSESSMENT NOTICES, ASSESSMENT ROLLS
AND TAX ROLLS REQUIRED TO BE PREPARED BY THIS
ARTICLE SHALL SHOW, WHERE BOTH ASSESSMENTS HAVE
BEEN MADE UPON ANY PROPERTY, THE ASSESSMENT
MADE PURSUANT TO SUBPARAGRAPH (2) HEREOF AND
THE ASSESSMENT MADE PURSUANT TO SUBPARAGRAPH
(3) HEREOF.

(13)  THE STATE DEPARTMENT OF ASSESSMENTS AND
TAXATION SHALL PROMULGATE WHATEVER UNIFORM
RULES AND REGULATIONS AND PREPARE AND DIS-
TRIBUTE WHATEVER FORMS ARE NECESSARY TO THE
PROPER ADMINISTRATION OF THIS SUBSECTION.

(14)  NO AGREEMENT WITH THE STATE DEPARTMENT
OF ASSESSMENTS AND TAXATION UNDER THIS SUBSEC-
TION SHALL BE EXTENDED BEYOND THE ORIGINAL TER-