Ch. 512                                    2004 LAWS OF MARYLAND

CHAPTER 512
(House Bill 683)

AN ACT concerning

Prince George's County - Tax Sales - High-Bid Premium

PG 404-04

FOR the purpose of altering the calculation of a certain high-bid premium imposed on
sales in Prince George's County; making this Act an emergency measure; and
generally relating to the calculation of the high-bid premium at tax sales in
Prince George's County.

BY repealing and reenacting, with amendments,
Article - Tax - Property
Section 14-817
Annotated Code of Maryland
(2001 Replacement Volume and 2003 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Article - Tax - Property

14-817.

(a) (1) (i) The sale shall be held on the day and at the place stated in the
notice by advertising.

(ii) The sale shall be held in the county in which the land to be sold
is located.

(iii) If the sale cannot be completed on that day, the collector shall
continue the sale as determined by the collector and announced to the bidders at the
sale until all property included in the sale is sold.

(2)     All sales shall be at public auction to the person who makes the
highest good faith accepted bid, in fee or leasehold, as the case may be.

(3)     (i) The collector shall retain any common law or other authority
normally granted to an auctioneer conducting a public auction and may refuse to
accept bids that are not made in good faith.

(ii) The collector may delegate this authority to an auctioneer.

(4)     The conduct of the sale shall be according to terms set by the
collector, and published with a reasonable degree of specificity in the public notice of
the tax sale, to ensure the orderly functioning of the public auction and the integrity
of the tax sale process, including requirements that potential bidders:

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