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Ch. 305
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2007 Laws of Maryland
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(d) On taking possession, acquiring the right to take possession, or the actual
12-113.(2) A COUNTY, POLITICAL SUBDIVISION, OR MUNICIPAL
CORPORATION.
(C) IF LAND ACQUIRED UNDER THIS SUBTITLE IS NOT NEEDED FOR A
PRESENT OR FUTURE PUBLIC PURPOSES, THE GOVERNMENT UNIT THAT
ACQUIRED IT SHALL DISPOSE OF THE LAND AS SOON AS PRACTICABLE AFTER
THE COMPLETION OR ABANDONMENT OF THE PROJECT FOR WHICH THE LAND
WAS ACQUIRED.
(D) IF THE LAND IS NOT NEEDED FOR A PUBLIC PURPOSE, THE PERSON
FROM WHOM THE LAND WAS ACQUIRED OR THE SUCCESSOR IN INTEREST OF
THAT PERSON HAS THE RIGHT TO REACQUIRE THE LAND, ON PAYMENT OF AN
AMOUNT EQUAL TO THE LESSER OF:
(1) THE APPRAISED VALUE OF THE LAND; OR
(2) THE CONSIDERATION THAT THE GOVERNMENT UNIT
ORIGINALLY PAID FOR THE LAND, PLUS SIMPLE INTEREST AT THE FAIR MARKET VALUE CALCULATED FROM THE TIME OF ACQUISITION OF THE TIME OF DISPOSITION AND ADMINISTRATIVE COSTS.
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- 1948 -
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