WILLIAM DONALD SCHAEFER, Governor

Ch. 757

contain, in the manner provided under subsection (b) of this
section, the following statement:

"Section 14-104 of the Real Property Article of the
Annotated Code of Maryland provides that, unless
otherwise negotiated in the contract or provided by
local law, the cost of any recordation tax or any
State or local transfer tax shall be shared equally
between the buyer and seller."

(b)  The statement required under subsection (a) of this
section shall be printed in conspicuous type or handwritten in
the contract or an addendum to the contract.

(c)  A real estate contract shall not be rendered invalid by
the omission of the statement to the buyer required under
subsection (a) of this section.]

SECTION 2. AND BE IT FURTHER ENACTED, That Section(s)
14-119 of Article - Real Property of the Annotated Code of
Maryland be renumbered to be Section(s) 14-118.

SECTION 3. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1989.

Approved May 25, 1989.

CHAPTER 757

(House Bill 1498)

AN ACT concerning

Children's Trust Fund Advisory Board

FOR the purpose of altering the process of referral of grant
applications to the Children's Trust Fund; establishing a
Children's Trust Fund Advisory Board; providing for the
membership, terms, removal, selection of chairman and vice
chairman, powers, and duties of the Board; providing for the
appointment of initial members of the Board; defining
certain terms; and generally relating to the Children's
Trust Fund Advisory Board.

BY repealing and reenacting, with amendments,

Article 49D - Office for Children and Youth
Section 4A

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