422                                                 LAWS OF MARYLAND                               [Ch. 12

AGENCY SHALL MAKE A PAYMENT TO THE DISPLACED PERSON, ON
PROPER APPLICATION AS APPROVED BY THE PUBLIC OR PRIVATE
AGENCY, FOR:

(1)    ACTUAL REASONABLE EXPENSES IN MOVING
HIMSELF, HIS FAMILY, BUSINESS, FARM OPERATION, OR OTHER
PERSONAL PROPERTY;

(2)    ACTUAL DIRECT LOSS OF TANGIBLE PERSONAL
PROPERTY AS A RESULT OF MOVING OR DISCONTINUING A
BUSINESS OR FARM OPERATION, BUT NOT EXCEEDING AN AMOUNT
EQUAL TO THE REASONABLE EXPENSES THAT WOULD HAVE BEEN
REQUIRED TO RELOCATE THE PERSONAL PROPERTY, AS DETERMINED
BY THE AGENCY; AND

(3)    ACTUAL REASONABLE EXPENSES IN SEARCHING
FOR A REPLACEMENT BUSINESS OR FARM.

(B)   ELECTION TO ACCEPT FIXED PAYMENT.

ANY DISPLACED PERSON ELIGIBLE FOR PAYMENTS UNDER
SUBSECTION (A), WHO IS DISPLACED FROM A DWELLING AND WHO
ELECTS TO ACCEPT THE PAYMENTS AUTHORIZED BY THIS
SUBSECTION IN LIEU OF THE PAYMENTS AUTHORIZED BY
SUBSECTION (A), MAY RECEIVE A MOVING EXPENSE ALLOWANCE,
DETERMINED ACCORDING TO A SCHEDULE ESTABLISHED BY THE
PUBLIC OR PRIVATE AGENCY, NOT EXCEEDING $300, AND A
DISPLACEMENT ALLOWANCE OF $200.

(C)   SAME - PERSONS DISPLACED FROM PLACE OF BUSINESS
OR FROM FARM OPERATION.

(1)    IN THIS SUBSECTION, "AVERAGE ANNUAL NET
EARNINGS" MEANS ONE HALF OF ANY NET EARNINGS OF THE
BUSINESS OR FARM OPERATION, BEFORE FEDERAL, STATE, AND
LOCAL INCOME TAXES, DURING THE TWO TAXABLE YEARS
IMMEDIATELY PRECEDING THE TAXABLE YEAR IN WHICH THE
BUSINESS OR FARM OPERATION MOVES FROM THE LAND ACQUIRED
FOR THE PROJECT, OR DURING ANY OTHER PERIOD AS THE PUBLIC
OR PRIVATE AGENCY DETERMINES TO BE MORE EQUITABLE FOR
ESTABLISHING THESE EARNINGS, INCLUDING ANY COMPENSATION
PAID BY THE BUSINESS OR FARM OPERATION TO THE OWNER, HIS
SPOUSE, OR HIS DEPENDENTS DURING THE PERIOD.

(2)    ANY DISPLACED PERSON, ELIGIBLE FOR
PAYMENTS UNDER SUBSECTION (A), WHO IS DISPLACED FROM HIS
PLACE OF BUSINESS OR FROM HIS FARM OPERATION AND WHO
ELECTS TO ACCEPT THE PAYMENT AUTHORIZED BY THIS
SUBSECTION IN LIEU OF THE PAYMENT AUTHORIZED BY
SUBSECTION (A) , MAY RECEIVE A FIXED PAYMENT IN AN AMOUNT
EQUAL TO THE AVERAGE ANNUAL NET EARNINGS OF THE BUSINESS
OR FARM OPERATION, EXCEPT THAT THE PAYMENT MAY NOT BE
LESS THAN $2,500 NOR MORE THAN $10,000. IN THE CASE OF A
BUSINESS, NO PAYMENT MAY BE MADE UNDER THIS SUBSECTION