Ch. 96

LAWS OF MARYLAND

ASSISTED HOUSEHOLDS OR OTHER APPROVED PURPOSES FOR AT LEAST THE
GREATER OF:

(1)  THE DURATION OF THE REMAINING TERM AS OF THE DATE
OF PREPAYMENT OF ANY MORTGAGE DESCRIBED UNDER § 9-102(B)(l) OF
THIS TITLE; OR

(2)  THE DURATION OF THE REMAINING TERM AS OF THE DATE
OF TERMINATION, INCLUDING ALL STATED RENEWAL TERMS, OF ANY RENTAL
ASSISTANCE AGREEMENT DESCRIBED UNDER § 9-102(B)(2) OF THIS TITLE;
OR ; OR

(3) 20 YEARS

(3) A LONGER PERIOD REQUIRED BY THE SECRETARY.

(H) IF NONE OF THE PARTIES SET FORTH IN SUBSECTION (B) OF
THIS SECTION EXERCISES THE RIGHT OF FIRST PURCHASE AND THE
ASSISTED PROJECT HAS NOT BEEN CONVEYED IN ACCORDANCE WITH
SUBSECTION (I) OF THIS SECTION AND THE OWNER HAS NOT TAKEN ANY
PROTECTED ACTION WITHIN 2 YEARS FOLLOWING THE ORIGINAL NOTICE OF
INTENT, THE OWNER MUST BEFORE TAKING ANY PROTECTED ACTION SERVE A
FURTHER NOTICE OF INTENT TO ALL PARTIES UNDER TO § 9-103 OF THIS
TITLE AND FOR A PROTECTED ACTION DESCRIBED UNDER § 9-102(B)(3) OF
THIS TITLE, NOTICE OF A RIGHT TO FIRST PURCHASE AS REQUIRED UNDER
SUBSECTION (B) OF THIS SECTION.

(I) (1) IF THERE IS NO ACCEPTANCE OF THE OWNER'S OFFER, THE
OWNER MAY PROCEED, UPON EXPIRATION OF THE APPLICABLE ACCEPTANCE
PERIOD UNDER SUBSECTION (E) OF THIS SECTION, WITH THE PROPOSED
SALE OR CONVEYANCE OF THE ASSISTED PROJECT TO ANY PERSON ON TERMS
AND CONDITIONS NOT MORE FAVORABLE TO THE PURCHASER THAN THE TERMS
OF THE OWNER'S OFFER.

(2) IF THE SALE OR CONVEYANCE IS TO BE ON TERMS AND
CONDITIONS MORE FAVORABLE TO THE PURCHASER THAN THE TERMS OF THE
OWNER'S OFFER, THE OWNER SHALL AGAIN OFFER THE RIGHT OF FIRST
PURCHASE AS REQUIRED UNDER THIS SECTION BASED UPON THE TERMS OF
THE NEW OFFER.

(J) RIGHTS OF FIRST PURCHASE UNDER THIS TITLE MAY ONLY BE
ASSIGNED TO OTHER PARTIES HAVING THE RIGHT OF FIRST PURCHASE
UNDER THIS TITLE.

(K) (1) ANY LOCAL GOVERNMENT AND ANY HOUSING AUTHORITY
SHALL HAVE THE POWER TO EXERCISE A RIGHT OF FIRST PURCHASE UNDER
THIS SECTION, INCLUDING THE POWERS TO DEVELOP, ACQUIRE, IMPROVE,
OWN, OPERATE, AND MANAGE RENTAL HOUSING PROJECTS ACQUIRED UNDER
THE RIGHT OF FIRST PURCHASE AND TO DO ALL THINGS NECESSARY OR
CONVENIENT TO SUCH PURPOSES.

(2) WITH RESPECT TO ANY RENTAL HOUSING PROJECT
PURCHASED UNDER A RIGHT OF FIRST PURCHASE UNDER THIS SECTION

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