|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2006 LAWS OF MARYLAND
|
|
|
|
|
Ch. 63
|
|
|
|
|
|
|
|
|
|
(3) IN LIEU OF THOSE TAXES AND SPECIAL ASSESSMENTS, AN
AUTHORITY, A NONPROFIT HOUSING CORPORATION, OR A BALTIMORE HOUSING
AUTHORITY ENTITY SHALL PAY THE POLITICAL SUBDIVISION IN WHICH A HOUSING
PROJECT IS WHOLLY OR PARTLY LOCATED AN AMOUNT, IF ANY, THAT MAY BE SET BY
MUTUAL AGREEMENT AND THAT DOES NOT EXCEED THE AMOUNT OF REGULAR
TAXES LEVIED ON SIMILAR PROPERTY.
(C) REAL PROPERTY OF AUTHORITY.
(1) EXCEPT AS PROVIDED IN PARAGRAPH (2) OR (3) OF THIS SUBSECTION:
(I) ALL REAL PROPERTY OF AN AUTHORITY IS EXEMPT FROM LEVY
AND SALE BY VIRTUE OF AN EXECUTION;
(II) AN EXECUTION OR OTHER JUDICIAL PROCESS MAY NOT ISSUE
AGAINST THE REAL PROPERTY; AND
(III) A JUDGMENT AGAINST AN AUTHORITY IS NOT A CHARGE OR
LIEN ON THE AUTHORITY'S REAL PROPERTY.
(2) PARAGRAPH (1) OF THIS SUBSECTION DOES NOT LIMIT A RIGHT TO
FORECLOSE OR OTHERWISE ENFORCE:
(I) A MORTGAGE OR DEED OF TRUST RECORDED AGAINST
PROPERTY OF AN AUTHORITY; OR
(H) A PLEDGE OR LIEN GIVEN BY AN AUTHORITY ON ITS RENTS,
FEES, OR REVENUES.
(3) THIS SUBSECTION DOES NOT DEPRIVE A POLITICAL SUBDIVISION OF
ITS RIGHT TO COLLECT MONEY AGREED TO BE PAID IN LIEU OF TAXES IN THE SAME
MANNER AS TAXES ARE NOW OR MAY BE COLLECTED UNDER STATE LAW AND THE
LAWS OF THE POLITICAL SUBDIVISION.
REVISOR'S NOTE: This section is new language derived without substantive
change from former Art. 44A, §§ 1-104 and 1-103(p).
In subsection (a) of this section, the defined term "Baltimore Housing
Authority entity" is substituted for the former defined term "entity related
to the Housing Authority of Baltimore City" for brevity.
In subsection (b)(1) of this section, the reference to "housing" is substituted
for the former reference to "dwelling accommodations" for brevity and to
conform to the terminology used throughout this article.
In subsections (b)(3) and (c)(3) of this section, the former references to
"city" and "county" are deleted in light of the defined term "political
subdivision".
In subsection (b)(3) of this section, the former reference to a mutual
agreement "between such authority, entity related to the Housing
Authority of Baltimore City, or nonprofit housing corporation and the city,
the county, or the political subdivision of the State" is deleted as implicit in
- 426 -
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
