WILLIAM DONALD SCHAEFER, Governor Ch. 518

purchaser may become liable. If the appropriate water and sewer
authority has not established a schedule of charges for the water
and sewer project that benefits the property or if a local
jurisdiction has adopted a plan to benefit the property in the
future, the contract of sale shall disclose that fact to the
initial purchaser.

(b) Violation of this section entitles the initial
purchaser to recover from the seller two:

(I) TWO times the amount of deferred charges
[he is required to pay] THE SELLER PURCHASER HAS ACTUALLY PAID
WITHIN THE PAST 3 YEARS AND WOULD BE OBLIGATED TO PAY DURING THE
5 YEARS OF PAYMENTS FOLLOWING THE SALE;

(II) NO AMOUNT GREATER THAN ACTUALLY PAID
THEREAFTER; AND

(III) ANY DEPOSIT MONEYS ACTUALLY PAID BY THE
PURCHASER THAT WERE LOST AS A RESULT Of VIOLATION OF THIS
SUBTITLE.

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

Approved May 17, 1988.

CHAPTER 518

(House Bill 1423)

AN ACT concerning

Pensions - University of Maryland Medical
System Corporation

FOR the purpose of defining who shall be the legislative body for
the University of Maryland Medical System Corporation;
establishing the University of Maryland Medical System
Corporation as a municipal corporation for the purpose of
providing retirement and pension benefits to certain
employees; making this Act an emergency measure; and
generally relating thereto.

BY repealing and reenacting, with amendments,

Article 73B - Pensions
Section 163(c) and (d)
Annotated Code of Maryland

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