(III) ANY OTHER PROVISION APPROPRIATE TO IMPLEMENT THE
CREDIT AUTHORIZED UNDER SUBSECTION (A)(8) OF THIS SECTION.

12-114.

(A) IN THIS SECTION, "RENTAL DWELLING" MEANS RESIDENTIAL REAL
PROPERTY WITH ACCOMMODATIONS FOR NOT MORE THAN 4 UNITS THAT IS HELD BY
THE OWNER PRIMARILY FOR RENTAL, INVESTMENT, OR THE GENERATION OF
INCOME AND IS LOCATED IN A TARGETED AREA DESIGNATED BY THE GOVERNING
BODY OF CHARLES COUNTY UNDER § 9-310(C) OF THIS ARTICLE.

(B) THE GOVERNING BODY OF CHARLES COUNTY MAY GRANT, BY LAW, AN
EXEMPTION, IN WHOLE OR IN PART, FROM THE RECORDATION TAX IMPOSED ON AN
INSTRUMENT OF WRITING THAT TRANSFERS A RENTAL DWELLING IN CHARLES
COUNTY TO AN INDIVIDUAL WHO WILL OCCUPY THE PROPERTY AS A PRINCIPAL
RESIDENCE.

(C) TO QUALIFY FOR THE EXEMPTION AUTHORIZED UNDER THIS SECTION,
THE INSTRUMENT OF WRITING SHALL BE ACCOMPANIED BY:

(1) A STATEMENT UNDER OATH SIGNED BY THE GRANTOR THAT THE
PROPERTY HAS BEEN HELD BY THE GRANTOR AS A RENTAL DWELLING; AND

(2) A STATEMENT UNDER OATH SIGNED BY THE GRANTEE THAT THE
RESIDENCE WILL BE OCCUPIED BY THE GRANTEE AS THE GRANTEE'S PRINCIPAL
RESIDENCE.

(D) THE GOVERNING BODY OF CHARLES COUNTY MAY PROVIDE BY LAW FOR:

(1) ANY ADDITIONAL CRITERIA FOR ELIGIBILITY, CONDITIONS, OR
RESTRICTIONS FOR AN EXEMPTION PROVIDED UNDER THIS SECTION;

(2) PROVISIONS TO DEFINE, FIX, OR LIMIT THE AMOUNT, TERMS, AND
SCOPE OF AN EXEMPTION PROVIDED UNDER THIS SECTION; AND

(3) ANY OTHER PROVISION APPROPRIATE TO IMPLEMENT THE
EXEMPTION.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
October 1, 1999.

Approved May 27, 1999.

CHAPTER 548
(Senate Bill 333)

AN ACT concerning

Revenue Stabilization Fund - Transfers

FOR the purpose of altering a certain requirement that the amount of a certain