HARRY HUGHES, Governor

3647

agency of the City of Baltimore as may hereafter be
designated to administer the provisions of this Section.

(4) Shelter rent—that portion of the rental
value of actual rental amount of a property apportioned by
the Department to actual use of the premises, excluding all
other services, taxes, or charges whatsoever; IT MAY INCLUDE
ACTUAL REASONABLE COSTS OF IMPROVEMENTS, ALTERATIONS, AND
RENOVATIONS MADE BY THE TENANT TO THE DEMISED PREMISES IF
THE DEPARTMENT DETERMINES THAT SUCH WERE REQUIRED TO MAKE
THE PROPERTY COMPARABLE TO THE FACILITY FROM WHICH THE
BUSINESS WAS DISPLACED AND ARE ACTUALLY REQUIRED FOR THE
CONDUCT OF THE DISPLACEE'S BUSINESS IN THE SAME MANNER AS HE
OPERATED PRIOR TO THE DISPLACEMENT. THIS AMOUNT SHALL BE
PRORATED OVER THE TERM OF THE LEASE.

b. Eligible displacees shall be entitled to an
acquisition assistance payment not to exceed $25,000 as
follows:

(1) In the event the displacee owns the business
facility from which he is displaced he shall be entitled to
a payment calculated as follows:

(a)  Such eligible displacee who decides to
purchase, construct or renovate a replacement facility shall
be entitled to a payment limited to 50 percent of the
differential of the increase, if any, between the actual
acquisition cost of the replacement business facility, or in
the event the replacement facility is not comparable to the
facility from which the business was displaced, the
reasonable current cost of a comparable replacement business
facility, whichever is the lesser, over the acquisition
payment for the old business facility, plus an amount, if
any, necessary to compensate the displaced business for any
incurred interest cost which such business is required to
pay for financing the acquisition of the replacement
facility.

(b)  The allowance for the interest
differential provided in paragraph (a) is limited to an
amount equal to the excess in the aggregate interest on that
amount of the balance of the mortgage on the replacement
facility which is equal to the unpaid balance of the
mortgage on the acquired facility over the remaining term of
the mortgage on the acquired facility, reduced to discounted
present value. The discount rate shall be the prevailing
interest rate paid on savings deposits by commercial banks
in the general area in which the replacement facility is
located.

(c)  Reasonable expenses incurred by such
displacee for evidence of title, recording fees and other
closing costs incident to the replacement business facility
but not including prepaid expenses.