Ch. 597                                    1995 LAWS OF MARYLAND

3. IF ANY AFFECTED COUNTY OR MUNICIPALITY MAKES AN
OFFER TO ACQUIRE THE PARCEL, OR PART THEREOF WITHIN THAT JURISDICTION'S
BORDERS, THAT IS EQUAL TO OR GREATER THAN, OR INCLUDES LAND OF AN EQUAL OR
GREATER VALUE THAN, THE APPRAISED VALUE OF THE PARCEL OR APPLICABLE
PORTION THEREOF, THE ADMINISTRATION SHALL ACCEPT THAT OFFER.

(II) BEFORE MAKING AN EXCHANGE UNDER THIS SUBSECTION, THE
EXCHANGE MUST BE APPROVED BY THE BOARD OF PUBLIC WORKS.

(III) IF THE ADMINISTRATOR AND THE BOARD OF PUBLIC WORKS
APPROVED THE TERMS AND CONDITIONS OF THE EXCHANGE AND ALL DEEDS, THE
ADMINISTRATOR MAY EXECUTE AND ACCEPT DEEDS EFFECTING THE CONVEYANCES
NECESSARY TO COMPLETE THE EXCHANGE.

(5)     BEFORE THE EXCHANGE:

(I)      THE ADMINISTRATION SHALL APPRAISE ALL PARCELS OF
LAND TO BE EXCHANGED; AND

(II)    IF THE ADMINISTRATION BELIEVES THAT ANY PARCEL OF
LAND IN THE EXCHANGE HAS A VALUE OF MORE THAN $25,000, THE PARCELS OF
LAND ALSO SHALL BE APPRAISED BY AT LEAST ONE INDEPENDENT, QUALIFIED
REAL ESTATE APPRAISER.

(6)     IN THE EVENT THAT THE PROPERTIES TO BE EXCHANGED ARE
DETERMINED TO BE OF UNEQUAL VALUE, THE ADMINISTRATOR MAY AGREE TO
ACCEPT OR PAY AN AMOUNT NECESSARY TO SUBSTANTIALLY EQUALIZE THE
VALUE OF LAND CONVEYED BY THE STATE.

(7)     THE OWNER OF LAND EXCHANGED UNDER THIS SUBSECTION IS NOT
ENTITLED TO FIRST RIGHT OF REFUSAL IF THE EXCHANGED LAND IS LATER
OFFERED FOR SALE BY THE STATE.

[(e)](F) (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 $25,000, the land shall be appraised by at least one
independent, qualified real estate appraiser.

(3)     If the Board of Public Works approves the sale and the deed, the
Administrator may execute a deed conveying the land to the adjacent property owner.

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