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ROBERT L. EHRLICH, JR., Governor Ch. 356
SECTION 2. AND BE IT FURTHER ENACTED, That it is the intent of the
General Assembly that this Act is clarifying only and does not limit the authority of a
county to grant or deny the applications enumerated in § 2-513.1(b) of the Agriculture
Article, as enacted by Section 1 of this Act.
SECTION 2. 3. AND BE IT FURTHER ENACTED, That this Act shall take
effect October 1, 2005.
Approved May 10, 2005.
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CHAPTER 356
(House Bill 79)
AN ACT concerning
Maryland Agricultural Land Preservation Foundation - Easement
Terminations Arbitration of Easement Values
FOR the purpose of establishing a certain deadline for requesting arbitration of
disputes over the value of certain easements under the Maryland Agricultural
Land Preservation Foundation; and generally relating to the Maryland
Agricultural Land Preservation Foundation.
BY repealing and reenacting, with amendments,
Article - Agriculture
Section 2-511
Annotated Code of Maryland
(1999 Replacement Volume and 2004 Supplement)
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Article - Agriculture
2-511.
(a) The maximum value of any easement to be purchased shall be the asking
price or the difference between the fair market value of the land and the agricultural
value of the land, whichever is lower.
(b) The fair market value of the land is the price as of the valuation date for
the highest and best use of the property which a vendor, willing but not obligated to
sell, would accept for the property, and which a purchaser, willing but not obligated to
buy, would pay for the property if the property was not subject to any restriction
imposed under this subtitle.
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