Ch. 489                                          LAWS OF MARYLAND

(6)  At the conclusion of the sale, the
Administration's representative in charge of the sale shall
announce publicly the name of the highest bidder and the amount
of the bid. If the highest bid does not approximate the appraised
value of the land, the representative may reject all bids and
cancel the sale.

(7)  The results of the sale shall be recorded and, if
the highest bid was accepted by the Administration's
representative, presented to the Administrator for approval or
rejection. If the Administrator approves the sale, the
Administrator may execute a deed conveying the land to the buyer.

(8)  If there is no bidder for the land, if all bids
are rejected and the sale canceled as provided in paragraph (6)
of this subsection, or if the Administrator considers all bids
inadequate, the land shall be reoffered for sale within 6 months
on the same terms and in the same manner as the original sale.

(9)  At the second sale, if there is no bidder for the
land, if all bids are rejected and the sale canceled as provided
in paragraph (6) of this subsection, or if the Administrator
considers all bids inadequate, the Administrator may negotiate a
sale of the land. If the Board of Public Works approves the
negotiated sale and the deed, the Administrator may execute a
deed conveying the land to the buyer.

(d)  As to any land from a completed project, if the
Administration considers the land to be too small or otherwise
unsuitable for private use or development, the Administration
shall establish a plan of disposal for that land. If the Board of
Public Works approves the plan and the deed, the Administrator
may execute a deed conveying the land under the plan.

(e)  (1) Except as required by this section for property
from an abandoned project, this section does not prevent the
Administration from conveying any of its surplus land to an
adjacent property owner:

(i) As all or part of the consideration for a
right-of-way transaction; or

(ii) If the Administration believes that public
auction of the surplus land will affect adversely the value or
use of the surplus land, on a negotiated sale with a price based
on the appraised value of the land.

(2) If the Administration believes that any land
proposed for sale under this subsection has a value of more than
$5,000, the land shall be appraised by at least one independent,
qualified real estate appraiser.

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