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Session Laws, 1976
Volume 734, Page 1723   View pdf image
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MARVIN MANDEL, Governor                             1723

19.

The University of Maryland, subject to the approval
of the Board of Public Works, is authorized and empowered
to sell or exchange, in [such] A manner [as] the board of
regents [shall determine] DETERMINES, all or any part of
its agricultural properties known and designated
respectively as the "Otten Farm" comprising approximately
213 acres in the First Election District of Howard
County, and the "Hopkins Farm" comprising approximately
333 acres in the Fifth Election District of Montgomery
County, (the [said] Hopkins Farm being also known as the
"University of Maryland Plant Research Farm"); provided
that any consideration received in cash for the sale of
any such properties shall be held for the account of the
University of Maryland to be utilized, subject to the
approval of the Board of Public Works, for the
improvement of EXISTING AGRICULTURAL PROPERTIES AND
FACILITIES AND THE PURCHASE AND IMPROVEMENT OF new
agricultural properties and facilities, and such
consideration received shall not be applied to the State
Annuity Bond Fund Account. [Provided, however, that
before all or any part of the said Hopkins Farm may be
sold or exchanged, the University shall offer 150 acres
of said farm for sale to the Montgomery County Board of
Education at a price to be determined as follows: The
University and the said Board of Education shall obtain
three independent appraisals of said property, one by an
appraiser retained by the University, one by an appraiser
retained by the Board of Education, and the third by an
appraiser designated by the two selected appraisers; the
average of the three appraisals shall be determined and
the property offered for sale to the Board of Education
at fifty per centum (50%) of such average. Said
appraisals shall be based upon the assumption of zoning
permitting the highest and best use of the property.]

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1976.

Approved May 17, 1976.

CHAPTER 617

(Senate Bill 959)

AN ACT concerning

Wicomico County — Alcoholic Beverages
(General Provisions)

FOR the purpose of redefining the terms "light wine" and

 

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Session Laws, 1976
Volume 734, Page 1723   View pdf image
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