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§ 24-308. Real property conveyances

West's Annotated Code of MarylandEducation

West's Annotated Code of Maryland
Education (Refs & Annos)
Division IV. Other Education Provisions [Titles 21-End] (Refs & Annos)
Title 24. Miscellaneous Education Agencies (Refs & Annos)
Subtitle 3. Southern Maryland Higher Education Center (Refs & Annos)
MD Code, Education, § 24-308
§ 24-308. Real property conveyances
Currentness
<This section is repealed effective upon occurrence of contingency specified in Acts 2018, c. 402, § 2.>
Proceeds shared between St. Mary’s County and State
(a) If the Board of Governors of the Center conveys any real property in whole or in part, the proceeds of the disposition shall be shared between St. Mary's County and the State in such proportions as each has contributed to the capital investment in the property.
Terms and conditions of original conveyance
(b) That disposition shall be in accordance with all terms and conditions of the original conveyance of the property to St. Mary's County Board of County Commissioners and the Board of Public Works shall enter into an agreement providing for the calculation of the amount due to each party under this section.
Payment to the State
(c) The payment to the State shall be made by the county within 90 days of the date of receipt of any proceeds.

Credits

Added by Acts 1994, c. 282, § 1, eff. July 1, 1994. Amended by Acts 2001, c. 29, § 6, eff. April 10, 2001; Acts 2013, c. 43, § 5.
MD Code, Education, § 24-308, MD EDUC § 24-308
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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