Marvin Mandel, Governor                       1095

the reasonable cost of a comparable replacement dwelling which is a
decent, safe and sanitary dwelling adequate to accommodate such
displaced person, reasonably accessible to public services and places
of employment and available on the private market.

(b)    The amount, if any, which will compensate such displaced
person for any increased interest costs which such person is re-
quired to pay for financing the acquisition of any such comparable
replacement dwelling. Such amount shall be paid only if the dwelling
acquired by the condemning authority was encumbered by a bona
fide mortgage which was a valid lien on such dwelling or not less than
one hundred and eighty days prior to the initiation of negotiations for
the acquisition of such dwelling. Such amount shall be equal to the
excess in the aggregate interest and other debt service costs of that
amount of the principal of the mortgage on the replacement dwelling
which is equal to the unpaid balance of the mortgage on the acquired
dwelling, over the remainder term of the mortgage on the acquired
dwelling, reduced to discounted present value. The discount rate
shall be the prevailing interest rate paid on savings deposits by
commercial banks in the general area in which the replacement
dwelling is located.

(c)    Reasonable expenses incurred by such displaced person for
evidence of title, recording fees, and other closing costs incident
to the purchase of the replacement dwelling, but not including prepaid
expenses.

12-208. Limitation on payment.

The additional payment authorized by § 12-202 of this subtitle
shall be made only to such a displaced person who purchases and
occupies a replacement dwelling which is decent, safe, and sanitary
not later than the end of the one year period beginning on the date
on which he receives from, the condemning authority final payment
of all costs of the acquired dwelling, or on the date on which he
moves from the acquired dwelling, whichever is the later date.

12-204. Additional compensation to tenants and certain other
occupants.

In addition to amounts otherwise authorized by Title XII of this
article and Article 89B of this Code, the condemning authority shall
make a payment to or for any displaced person displaced from any
dwelling not eligible to receive a payment under § 12-202 which
dwelling was actually and lawfully occupied by such displaced person
for not less than ninety days prior to the initiation of negotiations
for acquisition of such dwelling. Such payment shall be either—

(a)    The amount necessary to enable such displaced person to
lease or rent for a period not to exceed four years, a decent, safe and
sanitary dwelling of standards adequate to accommodate such person
in areas not generally less desirable in regard to public utilities and
public and commercial facilities, and reasonably accessible to his
place of employment, but not to exceed $4,000, or

(b)    The amount necessary to enable such person to make a down-
payment (including incidental expenses described in § 12-202(c))
on the purchase of a decent, safe, and sanitary dwelling of standards
adequate to accommodate such person in areas not generally less