HARRY HUGHES, Governor

1513

(Senate Bill 104)

AN ACT concerning

Tax Sales - Distribution of Proceeds

FOR the purpose of providing for the distribution of excess
proceeds from tax sales; requiring an order of court
for the payment of the excess authorizing a collector
to pay certain funds to a court in disputed cases; and
clarifying language.

BY repealing and reenacting, with amendments,

Article 81 - Revenue and Taxes

Section 81(a)

Annotated Code of Maryland

(1975 Replacement Volume and 1980 Supplement)

(1980 Replacement Volume)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That section(s) of the Annotated Code of Maryland
be repealed, amended, or enacted to read as follows:

Article 81 - Revenue and Taxes

81.

(a) (1) The payment of the purchase price shall be on
[such] terms [as are] prescribed by the collector. Except
as provided in § 90, the collector shall require the
purchaser to pay, not later than the day after {the day of]
the sale, the full amount of taxes due on the property sold,
whether the same are in arrears or not, together with
interest and penalties thereon and expenses incurred in
making the [sale, and the] SALE. THE residue of the
purchase price shall remain on credit.

(2)  After the final decree has been passed
foreclosing the right of redemption in any property, the
collector [shall] MAY not execute or deliver a deed to any
purchaser other than county commissioners until the balance
of the purchase price has been paid in full, together with
all taxes and interest and penalties thereon accruing
subsequent to the date of sale.

(3)  Upon receipt of [said] THE balance and [the
said subsequent] AFTER ACCRUED taxes and interest and
penalties thereon, the collector shall execute and deliver a
proper deed to the purchaser, [and shall]

(4)(I) THE COLLECTOR SHALL hold any balance
over [and above] the amount required for the payment of
taxes, interest, penalties, and costs of sale, for the use
of the person entitled [thereto] TO THE EXCESS;