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HARRY HUGHES, Governor 2207
subdivision of the reasonable value of the lands, the value to be
determined by the Authority and by the proper officials of the
political subdivision involved; the payment to be in cash or in
bonds of the Authority at par; provided that the political
subdivision of the Greater Baltimore Region OR THE POLITICAL
SUBDIVISION OF WORCESTER COUNTY, as hereinabove defined, upon the
approval of the board of estimates, in the case of the City of
Baltimore, or of the county commissioners or other officials
proper under the circumstances, may lease or convey without
consideration to the Authority any real or personal property
owned by it and suitable for use by the Authority for the
purposes set out in this subtitle; and provided further that all
public utility facilities, whether publicly or privately owned or
operated, occupying such lands, streets, alleys, or public
places, first have been removed or relocated at the Authority's
expense; and provided further that the powers herein contained
and conferred in this subsection shall not be exercised nor
applicable to the acquisition of any site for the establishment
or construction of the market OR THE PARK, nor shall the market
OR THE PARK be established or constructed unless the site
therefor shall have been first approved, in the case of the City
of Baltimore, by the board of estimates, or in the case of any
other political subdivision within the Greater Baltimore Region
OR WORCESTER COUNTY, the county commissioners or county executive
as the case may be;
(f) Sell or lease, or otherwise transfer or convey in any
manner deemed appropriate by the Authority, any land or property
now or hereafter owned by it to carry out the purposes of this
subtitle; but if any such land or property is sold to any legal
entity for any such purpose, the purchaser of the land or
property shall pay to the Authority or the State an amount of
money at least equal to the full appraised value of the land or
property, and if any such land or property is leased by the
Authority to any legal entity for any of the purposes
hereinbefore mentioned, the lessee shall pay annually to the
Authority an amount of money equal to the reasonable rental value
of the land or property. If any such land or property is sold as
aforesaid and land or property is then conveyed to the Authority
as security for a loan made by the Authority to the purchaser
under the provisions of this subtitle, the purchaser shall be
subject to State and local property taxes on such land or
property from the date of such sale UNLESS EXEMPTED BY APPLICABLE
STATE OR FEDERAL ENTERPRISE ZONE DESIGNATIONS;
(g) Use the proceeds of bonds of the Authority, or funds
otherwise available or to become available under the provisions
of this subtitle, or such proceeds and any other grant from the
United States of America or the State, or any agency or
instrumentality of either, for the purposes contemplated by the
provisions of this subtitle; or finance any private, public, or
quasi-public corporation, partnership, association, person, or
other legal entity in carrying out such purposes, either on land
or property that is owned or otherwise held or controlled by the
Authority or State, or on, under, or in any land or property
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