§ 2–510.1
Statutes in effect as of October 1, 2026.
Md. Code Ann., Agric. § 2-510.1 (2026)
Title 2. Department of Agriculture
Subtitle 5. Maryland Agricultural Land Preservation Foundation
§ 2–510.1LinkCopy Citation
(a)
The Foundation may make a grant to purchase an easement on a property selected by the Foundation to a county with a program, approved by the Foundation, to purchase easements using installment purchase agreements.
(b)
The Foundation may only approve a county’s installment purchase program if the program is used to purchase easements using installment purchase agreements that:
(1)
Require the county to make annual equal payments to the landowner of interest on the outstanding balance of the purchase price;
(2)
Require that the county pay the landowner the remainder of the purchase price at the end of the term;
(3)
State the total amount of money the county will pay the landowner, the interest rate, and the terms of the agreement; and
(4)
Require that the easement be recorded within 30 days of settlement.
(c)
An easement purchased using a grant provided under this section shall be jointly held by the county and the Foundation.
(d)
An easement purchased using a grant provided under this section may not terminate.