MARVIN MANDEL, Governor

1165

is subject or for voluntary contributions with respect to
tax-exempt property.

As used herein, the term "cargo—handling facilities"
[shall mean and include, without intending thereby to
limit the generality of such term,] INCLUDES, BUT IS NOT
LIMITED TO, any one or more of the following or any
combination thereof; lands, piers, docks, wharves,
warehouses, sheds, transit sheds, elevators, compressors,
refrigeration storage plants, buildings, structures and
other facilities, appurtenances and equipment necessary
or useful in connection with the handling, storage,
loading or unloading of goods, wares, merchandise,
freight and any type or kind of personal property at
steamship terminals.

Every lease of a cargo-handling facility for a term
of more than one year, including renewal options, made
between the Administration, as lessor, and a lessee
engaged in business for profit, shall contain a provision
requiring [such] THE lessee to pay to the Administration
annually, a sum of money computed on the basis of [60%
of] the full cash value of the leased land and
improvements thereon LESS THE ALLOWANCE FOR INFLATION AS
PROVIDED IN SECTION 14(B) OF ARTICLE 81, except to the
extent [such] THE improvements are taxed to the lessee,
multiplied by the State and local current real estate tax
rates. Each supervisor of assessment of the respective
political subdivision [is directed to] SHALL cooperate
with the Administration in establishing the full cash
value of [such] THE leased land and improvements in the
political subdivision in which [such] THE leased land
[and/or] OR improvements are located.

No land or improvements thereto shall be acquired by
the Maryland Port Administration on a lease—back basis
without the prior consent of the governing body of the
jurisdiction within which the [said] land or improvements
are located.

Nothing herein contained shall be construed to
affect by implication or otherwise any existing agreement
between the Administration and the mayor and city council
of Baltimore or any county relating to payments in lieu
of taxes or benefit assessments or relating to tax
exemptions.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1975.

Approved April 8, 1975.