EXPLANATION: CAPITALS INDICATE MAT TER ADDED TO EXISTIN G LAW. [Brackets] indicate matter deleted from existing law. *sb0974* SENATE BILL 974 P2, N1, M1 2lr3023 By: Senator Jennings Introduced and read first time: February 15, 2022 Assigned to: Rules A BILL ENTITLED AN ACT concerning 1 Department of Natural Resources’ Real Property – Exchange With Private Real 2 Property – Requirement 3 FOR the purpose of requiring the Department of Natural Resources to exchange real 4 property owned by the Department with private real property under certain 5 circumstances; and generally relating to the exchange of real property owned by the 6 Department of Natural Resources. 7 BY repealing and reenacting, with amendments, 8 Article – State Finance and Procurement 9 Section 10–305(a) 10 Annotated Code of Maryland 11 (2021 Replacement Volume) 12 SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, 13 That the Laws of Maryland read as follows: 14 Article – State Finance and Procurement 15 10–305. 16 (a) (1) Subject to subsections (b) and (c) of this section, any real or personal 17 property of the State or a unit of the State government may be sold, leased, transferred, 18 exchanged, granted, or otherwise disposed of: 19 [(1)] (I) to any person, to the United States or any of its units, or to any 20 unit of the State government, for a consideration the Board decides is adequate; or 21 [(2)] (II) to any county or municipal corporation in the State subject to any 22 conditions the Board imposes. 23 2 SENATE BILL 974 (2) IF A PROPERTY OWNER REQUESTS TO EXCHANGE PRIVATE REAL 1 PROPERTY WITH REAL PROPERTY OWNED BY THE DEPARTMENT OF NATURAL 2 RESOURCES, THE DEPARTMENT OF NATURAL RESOURCES SHALL EXCHA NGE ITS 3 REAL PROPERTY IF: 4 (I) THE PRIVATE REAL PRO PERTY IS EQUAL TO OR LARGER 5 THAN THE SIZE OF THE REAL PROPERTY OW NED BY THE DEPARTMENT OF NATURAL 6 RESOURCES; 7 (II) THE PRIVATE REAL PRO PERTY IS ADJACENT TO REAL 8 PROPERTY OWNED BY TH E DEPARTMENT OF NATURAL RESOURCES THAT IS 9 CONTIGUOUS WITH THE REAL PROPERTY THE PROPERTY OWNER IS REQUESTING 10 THAT THE DEPARTMENT OF NATURAL RESOURCES EXCHANGE ; 11 (III) THE APPRAISED VALUE OF THE PRIVATE REAL PRO PERTY 12 IS: 13 1. EQUAL TO OR LESS THA N $100,000; AND 14 2. EQUAL TO OR GREATER THAN THE APPRAISED V ALUE 15 OF THE REAL PROPERTY OWNED BY THE DEPARTMENT OF NATURAL RESOURCES; 16 AND 17 (IV) THE APPRAISED VALUE OF THE REAL PROPERTY OWNED BY 18 THE DEPARTMENT OF NATURAL RESOURCES IS EQUAL TO OR LESS THAN $100,000. 19 SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect 20 October 1, 2022. 21