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Ch. 876
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3382
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LAWS OF MARYLAND
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(7) The results of the sale shall be
recorded and, IF THE HIGHEST BID WAS ACCEPTED BY THE
ADMINISTRATION'S REPRESENTATIVE, presented to the
Administrator for approval or rejection. If the
Administrator approves the sale, the Administrator may
execute a deed conveying the land to the buyer.
(8) If there is no bidder, for the land, IF
ALL BIDS ARE REJECTED AND THE SALE CANCELED AS PROVIDED
IN PARAGRAPH (6) OF THIS SUBSECTION, or if the
administrator considers all bids inadequate, the land
shall be reoffered for sale within 6 months on the same
terms and in the same manner as the original sale.
(9) At the second sale, if there is no bidder
for the land, IF ALL BIDS ARE REJECTED AND THE SALE
CANCELED AS PROVIDED IN PARAGRAPH (6} OF THIS SUBSECTION,
or if the Administrator considers all bids inadequate,
the Administrator may negotiate a sale of the land. If
the Board of Public Works approves the negotiated sale
and the deed, the Administrator may execute a deed
conveying the land to the buyer.
(e) (1) Except as required by this section for
property from an abandoned project, this section does not
prevent the Administration from conveying any of its
surplus land to an adjacent property owner:
(i) As all or part of the
consideration for a right-of—way transaction; or
(ii) If the Administration believes
that public auction of the surplus land will affect
adversely the value or use of the surplus land, on a
negotiated sale with a price based on the appraised value
OF THE LAND.
(2) [The value of] IF THE ADMINISTRATION
BELIEVES THAT any land proposed for sale under this
subsection HAS A VALUE OF MORE THAN $5,000, THE LAND shall
be [determined] APPRAISED by at least one independent,
qualified real estate appraiser.
(3) If the Board of Public Works approves
the sale and the deed, the Administrator may execute a
deed conveying the land to the adjacent property owner.
(f) Except as required by this section for
property from an abandoned project, this section does not
prevent the Administration, with the approval of the
Board of Public Works, from conveying any of its surplus
land to any State or local agency that:
(1) Needs the property for a public purpose;
and
(2) Pays the Administration an amount equal
to THE LESSER OF:
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