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1066 LAWS OF MARYLAND [Ch. 4
HEREBY AUTHORIZED, WHENEVER REQUESTED BY THE
COMMISSION, TO ACQUIRE BY PURCHASE, CONDEMNATION, OR
ANY OTHER MEANS, SUCH LAND OR OTHER PROPERTY AS MAY BE
REQUESTED BY THE COMMISSION, AND UPON ACQUISITION
SHALL CONVEY OR TRANSFER SAID LAND OR OTHER PROPERTY
TO THE COMMISSION. UNLESS OTHERWISE AGREED UPON
BETWEEN THE PARTIES, THE COMMISSION SHALL REIMBURSE
THE SIGNATORY, ITS AGENCY OR POLITICAL SUBDIVISION FOR
THE COST OF PROPERTY AND SUCH ACQUISITION COSTS AS MAY
BE INCURRED.
14.10. TAX EXEMPTION AND PAYMENT IN LIEU OF
TAXES. —THE COMMISSION, ITS PROPERTY, FUNCTIONS, AND
ACTIVITIES SHALL BE EXEMPT FROM TAXATION BY OR UNDER
THE AUTHORITY OF ANY GOVERNMENTAL AGENCIES.
NEVERTHELESS, IT IS THE INTENTION OF THIS COMPACT
THAT, SO FAR AS POSSIBLE, LOCAL TAXING AUTHORITIES
SHALL NOT BE ADVERSELY AFFECTED BY THE COMMISSION'S
ACQUISITION OF TAXABLE PROPERTY, AND IN LIEU OF
PROPERTY TAXES THE COMMISSION SHALL, AS TO SPECIFIC
PROJECTS, MAKE PAYMENTS TO LOCAL TAXING AUTHORITIES IN
ANNUAL AMOUNTS WHICH SHALL EQUAL THE ANNUAL AVERAGE OF
THE TAXES LAWFULLY ASSESSED UPON THE PROPERTY FOR FIVE
(5) YEARS NEXT PRECEDING THE TAX YEAR OF ITS
ACQUISITION BY THE COMMISSION. THE NATURE AND AMOUNT
OF SUCH PAYMENTS SHALL BE REVIEWED BY THE COMMISSION
FROM TIME TO TIME NOT MORE OFTEN THAN ONCE IN TWO (2)
YEARS, UPON REASONABLE NOTICE AND OPPORTUNITY TO BE
HEARD TO THE AFFECTED TAXING AUTHORITY, AND THE
PAYMENTS MAY BE TERMINATED OR CONTINUED IN SUCH
REASONABLE AMOUNTS AS THE COMMISSION MAY DETERMINE TO
BE NECESSARY OR DESIRABLE AFTER TAKING INTO ACCOUNT
THE HARDSHIPS INCURRED AND THE BENEFITS RECEIVED BY
THE TAXING AUTHORITY WHICH ARE ATTRIBUTABLE TO THE
PROJECT.
14.11. RIPARIAN AND OTHER VESTED RIGHTS.
—NOTHING IN THIS COMPACT SHALL BE CONSTRUED TO
AUTHORIZE A TAKING WITHOUT JUST COMPENSATION OF ANY
RIPARIAN OR OTHER VESTED RIGHT AS THE SAME MAY THEN BE
RECOGNIZED BY APPLICABLE LAW.
ARTICLE 15
GENERAL PROVISIONS
15.01. COMMISSION MEETINGS, MINUTES, COPIES OF
DOCUMENTS AND FEES THEREFOR. —(A) MEETINGS. THE
OMMISSION MAY MEET IN PUBLIC OR EXECUTIVE SESSIONS AS
IT MAY DETERMINE, BUT ALL OFFICIAL ACTIONS OF THE
COMMISSION SHALL BE TAKEN IN PUBLIC SESSION.
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