HARRY HUGHES, Governor

867

political subdivisions which are provided for in the laws of this
State and which are based upon or related to assessments and
assessed valuations.

3. For purposes of municipal taxation in
Baltimore City the Mayor and City Council may by ordinance
authorize the exemption from taxation of, and acceptance of a
negotiated payment in lieu of taxes on, property owned by the
city and leased to a private business conducted for profit if the
net income from the property is to be shared with the Mayor and
City Council, but the valuation shall be carried on the
assessment books as though it is taxable for the purposes of
computing payments to the several political subdivisions which
are provided for in the laws of this State and which in any
manner are based upon or related to assessments and assessed
valuations. This authorization of Baltimore City to enter into
an agreement for a payment in lieu of taxes expires on July 1,
1980, but the expiry shall not affect such an agreement executed
prior to that date.

(v) As used in this [paragraph]
SUBPARAGRAPH, the term "port facilities" shall mean and shall
include, without intending thereby to limit the generality of
such term, any-one or more of the following or any combination
thereof: lands, piers, docks, wharves, warehouses, sheds, transit
sheds, elevators, compressors, refrigeration storage plants,
buildings, structures, and other facilities, appurtenances and
equipment necessary or useful in connection with the operation of
a modern port or in connection with shipbuilding and ship repair
and every kind of terminal or storage structure or facility now
in use or hereafter designed for use in the handling, storage,
loading or unloading of freight or passengers at . steamship
terminals, and every kind of transportation facility now in use
or hereafter designed for use in connection therewith.

12G-10.

(c) (1) If a building permit is issued for the construction
of any building on property eligible for the tax deferral
authorized by this section, the tax deferral shall terminate.

(2) If the part of the eligible property not subject
to a building permit under paragraph (1) of this subsection meets
the acreage requirements of subsection [(b)] (A) of this section,
the tax deferral shall be continued for the portion of the
eligible property not subject to the building permit.

69A.

On application by petition in writing to the several circuit
courts or circuit judges [of] OR any sheriff or collector of the
county and State taxes, or either of them, who has failed or
neglected to collect any taxes or fees within the time prescribed
by law, the court or judge may, on such terms as they may
prescribe, by an order, extend the time of such sheriff or