WILLIAM DONALD SCHAEFER, Governor                    Ch. 436

perfected against third persons after the State first made funds
available in connection with the property under this Act.

2.  This lien takes effect on the 31st day
following the court's final order if the Secretary of the Board
of Public Works records a notice of lien in the land records of
the county or Baltimore City in which the property is located on
or before the 41st day following the final order; otherwise, the
lien takes effect on the date a notice of lien is recorded. At
the time this lien takes effect, any temporary lien then in
effect shall be automatically and fully released, and the
recorded notice of this lien shall constitute notice of the
release of the temporary lien.

3.  This lien may be enforced and foreclosed in
accordance with the procedures prescribed in Rules W71 through
W76 of the Maryland Rules, except that neither the State nor any
agent appointed by the State to sell the property need file a
bond.

4.  The owner or any other interested party may
obtain release of this lien at any time by paying to the State
the full amount of the judgment rendered by the circuit court,
together with interest from the date of judgment. On payment in
full, the Secretary of the Board of Public Works shall cause a
release to be recorded in the land records.

5.  If the circuit court finds that there has
been no default or if the full amount of the court's judgment is
paid to the State within 30 days after the court's final order,
any temporary lien then in effect shall be released immediately
and the Secretary of the Board of Public Works shall cause the
release to be recorded in the land records.

(v) All funds recovered as a result of this right of
recovery shall be deposited in the Annuity Bond Fund and applied
to the debt service requirements of the State. The Board of
Public Works may waive the State's right of recovery if the Board
determines that there is good cause for releasing the transferor,
transferee, or owner from this obligation.

(8)  Each year, the Director of the Office on Aging shall
report to the General Assembly on the allocation and use of the
funds made available by this Act. The report shall include a
description of the number, capacity, and condition of [Elderly]
SENIOR Citizen Activities Centers in each political subdivision.

(9)  An annual State tax is imposed on all assessable
property in the State in rate and amount sufficient to pay the
principal of and interest on the bonds, as and when due and until
paid in full. The principal shall be discharged within 15 years
after the date of issue of the bonds.

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