Ch. 175

LAWS OF MARYLAND

PROCUREMENT OF DESIGN AND CONSTRUCTION SERVICES BY A PROPERTY
OWNER.

8-1006.

(b)  Annual installments shall be due beginning on the first
day of July following levy of the benefit charge by the Board of
Public Works, and each July 1 thereafter until the benefit charge
is paid totally. If not paid within 90 days of its due date, an
installment shall be in default and shall bear interest at the
rate of [1] 2 percent a month from the time of default. The
Department shall be responsible for collection of annual
installments.                                             

(c)  A benefit charge assessed under this subtitle shall be
a lien on the real property against which it is assessed, and
shall be subject to collection in the manner specified for
foreclosure of mortgages. Any annual installments in default
shall be a first lien on the benefited property, subject only to
prior State, county, or municipal real property taxes. The
outstanding balance of a benefit charge shall be afforded normal
lien priority, except that the Department may agree in writing to
grant precedence to a subsequent [purchase money] mortgage OR
DEED OF TRUST if necessary for REFINANCING, transfer, OR
IMPROVEMENT of a benefited property.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1988.

Approved May 2, 1988.

CHAPTER 17 5

(House Bill 204)

AN ACT concerning

Forest or Park Reserve Fund - Lifting Cap

FOR the purpose of removing the cap which limits the funds that
can be carried over in the Forest or Park Reserve Fund.

BY repealing and reenacting, with amendments,

Article - Natural Resources

Section 5-212

Annotated Code of Maryland

(1983 Replacement Volume and 1987 Supplement)

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