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Ch. 883
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3406
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LAWS OF MARYLAND
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(1) APPROVE ONLY THOSE APPLICATIONS IN WHICH
THE SUBJECT LAND MEETS THE CRITERIA AND STANDARDS
ESTABLISHED UNDER SECTIONS 2-509 AND 2-512 2-513 OF THIS
SUBTITLE; AND
(2) APPROVE APPLICATIONS FOR THE SALE OF
EASEMENTS ON LAND IN ANY ONE COUNTY UNDER ALLOTTED
PURCHASES IN DESCENDING ORDER WITH RESPECT TO THE PER
ACRE PROPORTIONATE DIFFERENCE BETWEEN THE ASKING PRICE,
AND THE FAIR MARKET VALUES LESS THE AGRICULTURAL VALUE OF
THE SUBJECT LAND PROPORTION OBTAINED BY DIVIDING THE FAIR
MARKET VALUE LESS THE AGRICULTURAL VALUE LESS THE ASKING
PRICE BY THE FAIR MARKET VALUE LESS THE AGRICULTURAL
VALUE.
(F) THE BOARD FOUNDATION MAY APPROVE GENERAL
ALLOTTED PURCHASES OF EASEMENTS IN A COUNTY IN ANY FISCAL
YEAR NOT TO EXCEED IN AGGREGATE VALUE THE AMOUNT ALLOTTED
FOR THAT COUNTY UNDER SECTION 2-508(B)(1) FOR THE FISCAL
YEAR IN WHICH SUCH PURCHASES ARE MADE, PLUS ANY AMOUNT OF
TRANSFERRED LOCAL OPEN SPACE FUNDS DESIGNATED BY THE
LOCAL GOVERNING BODY FOR GENERAL PURCHASES.
(G) THE BOARD FOUNDATION MAY APPROVE MATCHING
ALLOTTED PURCHASES OF EASEMENTS IN AN ELIGIBLE COUNTY IN
ANY FISCAL YEAR NOT TO SUCH THAT THE FOUNDATION'S SHARE
WILL NOT EXCEED IN AGGREGATE VALUE THE AMOUNT ALLOTTED
FOR THAT COUNTY UNDER SECTION 2-508(B)(2) FOR THAT FISCAL
YEAR.
(H) UPON APPROVAL OF A MAJORITY OF THE BOARD
MEMBERS AT-LARGE, AND UPON THE RECOMMENDATION OF THE
STATE TREASURER AND THE SECRETARY, AN APPLICATION TO SELL
SHALL BE APPROVED, AND AN OFFER TO BUY CONTAINING THE
SPECIFIC TERMS OF THE PURCHASE SHALL BE TENDERED TO THE
LANDOWNER. AN OFFER TO BUY MAY SPECIFY TERMS,
CONTINGENCIES, AND CONDITIONS NOT CONTAINED IN THE
ORIGINAL APPLICATION.
(I) (1) WITH RESPECT TO ALLOTTED PURCHASES, THE
BOARD FOUNDATION SHALL TENDER ANY OFFER TO BUY CONTAINING
THE SPECIFIC TERMS OF THE PURCHASE ON OR BEFORE JANUARY
31 OF THE FISCAL YEAR IN WHICH THE PURCHASE IS TO BE
MADE.
(2) WITH RESPECT TO ADDITIONAL OFFERS TO BUY
TENDERED UNDER SECTION 2-508(C), THE BOARD FOUNDATION MAY
NOT TENDER SUCH OFFERS EARLIER THAN APRIL 1 NOR LATER
THAN MAY 29 OF THE FISCAL YEAR IN WHICH THE PURCHASE IS
TO BE MADE.
(3) A LANDOWNER HAS 30 DAYS FROM THE DATE OF
ANY OFFER TO BUY IN WHICH TO ACCEPT OR REJECT THE OFFER.
(J) IF CONSIDERATION FOR THE PURCHASE OF ANY
EASEMENT TO BE PAID IN CASH, THE BOARD, WITH THE
CONCURRENCE OF THE LANDOWNER UPON SETTLEMENT OF THE
PURCHASE, MAY ESTABLISH A SCHEDULE OF PAYMENTS TO THE
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