Ch. 190

2004 LAWS OF MARYLAND

Comptroller for deposit in the Maryland Agricultural Land Preservation Fund as
provided in § 13-306(c) of the Tax - Property Article.

3. The county shall deposit the balance of the funds
distributed to it under this subparagraph in the county's general fund.

(g) If the request for termination is denied, or if the landowner fails to
repurchase the easement within 180 days of the appraisal, the landowner may not
again request termination of the easement until five years after his last request for
termination.

(H) A LANDOWNER MAY NOT TERMINATE AN EASEMENT PURCHASED USING
AN INSTALLMENT PURCHASE AGREEMENT, AS PROVIDED IN § 2-510(K) OF THIS
SUBTITLE.

SECTION 2. AND BE IT FURTHER ENACTED, That the Maryland
Agricultural Land Preservation Foundation, in consultation with the Treasurer, shall
prepare a plan to purchase easements using installment purchase agreements with a
term of 25 years. The plan shall include identification of a revenue source to be
dedicated to the purchase of easements using installment purchase agreements. The
Foundation shall present its plan to the Governor and the General Assembly on or
before November 1, 2004, in accordance with § 2-1246 of the State Government
Article.

SECTION 3. AND BE IT FURTHER ENACTED, That this Act shall take effect
October 1, 2004.

Approved April 27, 2004.

CHAPTER 190
(House Bill 625)

AN ACT concerning

Maryland Agricultural Land Preservation Foundation - Grants -

Installment Purchase Programs

FOR the purpose of authorizing the Maryland Agricultural Land Preservation
Foundation to make grants to purchase easements on certain properties to
counties with certain installment purchase programs; authorizing the
Foundation to only approve installment purchase programs that purchase
easements using installment purchase agreements with certain characteristics;
providing that an easement purchased using a certain grant shall be jointly held
by the county and the Foundation; providing that an easement purchased using
a certain grant may not terminate; defining a certain term; and generally
relating to the Maryland Agricultural Land Preservation Foundation, grants,
and installment purchase programs.

BY adding to

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