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3519
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MARVIN MANDEL, Governor
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8-309.
(b) [(1)] (1) Notwithstanding any other
statute to the contrary, if land acquired under this
subtitle is not needed for present or future highway or
other public purposes, the Administration shall dispose
of the land as soon as practicable after the completion
or abandonment of the project for which the land was
acquired.
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[2) (2) If the land is from a project that
was abandoned, AND THE SECRETARY DETERMINES THAT THE
PROPERTY IS NO LONGER NEEDED FOR ANY TRANSPORTATION
PURPOSE, the person from whom the land was acquired or
the successor in interest of that person has the first
tight to reacquire the land, on payment of an amount
equal to the consideration that the Administration or
Commission originally paid for the land. If this right
is not exercised, the land shall be disposed of under
this section in the same manner as if the land were from
a project that has been completed or otherwise as
permitted by this section.SN]
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(e) (1) [Except as required by this section for
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property from an abandoned project, this] THIS section
does not prevent the Administration from conveying any of
its surplus land to an adjacent property owner:
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(i) As all or part of the
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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 appraised value.
(2) The value of any land proposed for sale
under this subsection shall be determined 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] THIS section
does not prevent the Administration, with the approval of
the Board of Public Works, from conveying any of its
surplus OR ABANDONED 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 consideration that the Administration or
Commission originally paid for the land, plus reasonable
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