2514

LAWS OF MARYLAND

Ch. 480

7-303.

If a foreign corporation which is qualified to do business
in this State fails to comply with the provisions of § 7-206 of
this title, the Department shall impose a penalty of $5 on the
corporation and an additional penalty of $1 for each ten days or
a fractional part of ten days during which the failure to comply
continues. These penalties [shall be collected and] may be
reduced or abated under [the procedures of Article 81, § 252 of
the Code] § 14-704 OF THE TAX - PROPERTY ARTICLE [which relate to
the penalty for failure to file reports with the Department].

10-907.

(e) (1) If a foreign limited partnership does any
intrastate, interstate, or foreign business in this State without
registering, the Department shall impose a penalty of $200 on the
partnership. This penalty shall be collected and may be reduced
or abated under [the procedures of Article 81, § 252 of the Code]
§ 14-704 OF THE TAX - PROPERTY ARTICLE [which relate to the
penalty for failure to file reports with the Department];

Article - Education

23-206.

(e) Each cooperative library corporation:

(1)  Is entitled to use the library fund;

(2)  Shall have the annual audit required for a
library;

(3)  Shall" make the annual report required of a board
of library trustees; and

(4)  Is exempt from taxation under [Article 81, §9(e)
of the Code] § 7-202 OF THE TAX - PROPERTY ARTICLE.

23-401.

(b) (1) "Adjusted assessed valuation of real property"
means the most recent estimate by the Department of Assessments
and Taxation before the State budget is submitted to the General
Assembly, of the assessed value of real property for State
purposes as of July 1 of the first completed fiscal year before
the fiscal year for which the calculation of State library aid is
made under this subtitle.

(2) If the Department of Assessments and Taxation
estimates that real property in any county is assessed at other
than 50 percent of market value, the assessed valuation of those
categories of real property that are estimated to be assessed at
other than 50 percent of market value, on the basis of surveys
made under [Article 81, § 232(14) of the Code] § 2-202(12) OF THE