MARVIN MANDEL, Governor

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leased. [the] THE right to impose taxes does not apply
to an international trade center referred to in § 4 (g)
(2) of this article, that international trade center
being exempt from all ordinary taxes and benefit
assessments to the Administration. In addition to being
subject to taxes on land and improvements thereon, the
Administration is subject to any and all benefit
assessments, including, but not limited to, sewer and
water charges which may be levied by operation of law.

The Administration and the particular political
subdivisions may enter into agreements for such duration
as they may determine, for the payment by the
Administration to the political subdivision of a stated
sum or sums in lieu of the taxes or benefit assessments
to which the Administration is subject or for voluntary
contributions with respect to tax-exempt property.

As used herein, the term "cargo—handling facilities"
includes, but is not limited to, any one or more of the
following or any combination thereof; lands, piers,
docks, wharves, warehouses, sheds, transit sheds,
elevators, compressors, refrigeration storage plants,
buildings, structures and other facilities, appurtenances
and equipment necessary or useful in connection with the
handling, storage, loading or unloading of goods, wares,
merchandise, freight and any type or kind of personal
property at steamship terminals.

Every lease of a cargo—handling facility for a term
of more than one year, including renewal options, made
between the Administration, as lessor, and a lessee
engaged in business for profit, shall contain a provision
requiring the lessee to pay to the Administration
annually, a sum of money computed on the basis of the
full cash value of the leased land and improvements
thereon less the allowance for inflation as provided in §
14 (b) of Article 81, except to the extent the
improvements are taxes to the lessee, multiplied by the
State and local current real estate tax rates. Each
supervisor of assessment of the respective political
subdivision shall cooperate with the Administration in
establishing the full cash value of the leased land and
improvements in the political subdivision in which the
leased land or improvements are located.

No land    or improvements thereto shall be acquired by

the Maryland    Port Administration on a lease—back: basis

without the      prior consent of the governing body of the

jurisdiction    within which the land or improvements are
located.

Nothing herein contained shall be construed to
affect by implication or otherwise any existing agreement
between the Administration and the Mayor and City Council
of Baltimore or any county relating to payments in lieu
of taxes or benefit assessments or relating to tax
exemptions.