Ch. 525

1997 LAWS OF MARYLAND

2. CHILD. AS DEFINED IN § 1-205 OF THE ESTATES AND

TRUSTS ARTICLE.

(I)(1) (2) NOTWITHSTANDING ANY OTHER LAW TO THE CONTRARY, THE

ADMINISTRATION MAY, AFTER GIVING NOTICE TO THE MARYLAND OFFICE OF
PLANNING AND WITH THE APPROVAL OF THE BOARD OF PUBLIC WORKS, CONVEY
ANY OF ITS SURPLUS LAND IF THE CONVEYANCE WILL PROMOTE ECONOMIC
DEVELOPMENT IN THE STATE OF MARYLAND.

(3) PRIOR TO CONVEYING LAND IN ACCORDANCE WITH PARAGRAPH (2)
OF THIS SUBSECTION, THE ADMINISTRATION SHALL NOTIFY THE FORMER OWNER
OF THAT PERSON'S RIGHT TO REACQUIRE THE LAND.

(4) WITHIN 45 DAYS AFTER THE NOTICE TO THE FORMER OWNER BY
THE ADMINISTRATION THAT THE LAND IS NOT NEEDED AND IS AVAILABLE FOR
REACQUISITION. THE FORMER OWNER MAY NOTIFY THE ADMINISTRATION OF ITS
INTENT TO EXERCISE THE RIGHT TO REACQUIRE THE LAND IN ACCORDANCE WITH
THIS SUBSECTION.

(5) WITHIN 45 DAYS OF THE NOTICE TO THE COUNTY OR MUNICIPAL
CORPORATION BY THE ADMINISTRATION THAT THE LAND IS NOT NEEDED AND IS
AVAILABLE FOR PURCHASE. THE COUNTY OR MUNICIPAL CORPORATION IN WHICH
THE PROPERTY IS LOCATED MAY NOTIFY THE ADMINISTRATION OF ITS INTEREST IN
PURCHASING THE LAND.

(6) THE RIGHT OF A FORMER OWNER TO REACQUIRE LAND UNDER
THIS SUBSECTION:

(I) IS NOT ASSIGNABLE AND MAY BE TRANSFERRED ONLY AS A
RESULT OF THE DEATH OF A FORMER OWNER;

(II) IS NULL AND VOID UNLESS THE PERSON OR PERSONS
EXERCISING THE RIGHT TENDER THE REQUIRED PAYMENT WITHIN 60 DAYS OF THE
APPROVAL OF THE SALE BY THE BOARD OF PUBLIC WORKS TO THAT PERSON OR
PERSONS; AND

(III) SHALL TAKE PRECEDENCE OVER THE RIGHT OF THE COUNTY
OR MUNICIPAL CORPORATION TO ACQUIRE THE LAND IN THE EVENT BOTH THE
FORMER OWNER AND THE COUNTY OR MUNICIPAL CORPORATION NOTIFY THE
ADMINISTRATION OF THEIR INTENT TO PURCHASE.

(2) (7) (I) THE ADMINISTRATION MAY NEGOTIATE THE SALE OF
LAND TO BE CONVEYED UNDER THIS SECTION.

(II) IN DETERMINING THE CONSIDERATION TO BE PAID FOR THE
LAND, THE ADMINISTRATION SHALL CONSIDER:

1. THE APPRAISED VALUE OF THE LAND; AND

2. THE ECONOMIC BENEFITS TO THE STATE OF THE
PROPOSED DEVELOPMENT OF THE PROPERTY.

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