WILLIAM DONALD SCHAEFER, Governor                   Ch. 179

(2)  increase the income of persons in the State from
the sale of timber;

(3)  prevent flooding of land and the loss of the
State's soil;

(4)  provide wooded areas for the use and enjoyment of
all individuals in the State; and

(5)  promote the welfare and assets of the State.

(c)  The owner of at least 5 contiguous acres of land may
make an agreement with the Department of Natural Resources to
place the land in the program.

(d)  A memorandum of the agreement shall be recorded in each
county where the land is located under §§ 3-102 and 3-103 of the
Real Property Article. The woodland owner shall pay for
recording the memorandum.

(e)  The owner of land that is subject to an agreement shall
notify the supervisor of the county where the land is located
that the land is subject to an agreement.

(f)  (1) Except for an agreement made on or before July 1,
1984, an agreement shall be for at least 15 years.

(2) Consecutive agreements shall be deemed a single
agreement from the date of the original agreement.

(g)  An agreement may be assigned and transferred to a buyer
of all or part of the land that is subject to the agreement, if:

(1)  the buyer assumes the obligation of the
agreement;

(2)  the agreement is transferred to the buyer; and

(3)  property tax on an assessment under subsection
(i) of this section is not due.

(h) Except as provided in subsection (i) of this section,
the value of woodland for assessment purposes in effect at the
beginning of an agreement may not be increased for the period
covered by the agreement.

(i) (1) Woodland shall be reassessed when:

(i) an agreement ends AND IS NOT RENEWED AS
PROVIDED IN (F)(2);

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