If an agreement for payment in lieu of taxes is made by a local government, the office of the supervisor of assessments in the respective counties shall be notified and provided with the following: The name of the owner; The name of the project; A copy of the executed agreement; The amount of the payment in lieu of taxes. There is no change in the status of the account unless this information is provided. Tax-Property Article, §§2-201 and 2-202, Annotated Code of Maryland Effective date: January 7, 1982 (8:26 Md. R. 2106) Regulation .01A amended effective September 19, 1988 (15:19 Md. R. 2248)