482

LAWS OF MARYLAND

Ch. 8

(A)  DISTRIBUTION TO STATE.

(1)  EXCEPT IN MONTGOMERY COUNTY, EACH COUNTY
COLLECTOR SHALL REMIT FROM A SPECIAL ACCOUNT TO THE COMPTROLLER,
AS THE COMPTROLLER SPECIFIES, TWO-THIRDS OF THE REVENUE FROM THE
AGRICULTURAL LAND TRANSFER TAX. IN MONTGOMERY COUNTY, IF §
52-21(D) (1979) OF THE MONTGOMERY COUNTY CODE IS IN EFFECT OR A
TRANSFER TAX SUBSTANTIALLY SIMILAR TO THAT PROVISION IS IN
EFFECT, THE COLLECTOR FOR MONTGOMERY COUNTY SHALL REMIT ONE-THIRD
OF THE REVENUE TO THE COMPTROLLER.

(2)  THE COMPTROLLER SHALL DEPOSIT THE REVENUE
REMITTED INTO THE MARYLAND AGRICULTURAL LAND PRESERVATION FUND TO
BE USED FOR THE PURPOSES STATED IN § 2-505 OF THE AGRICULTURE
ARTICLE.

(B)  ALLOCATION TO COUNTY.

EACH COUNTY COLLECTOR SHALL HOLD THE REMAINDER OF THE
REVENUE IN A SPECIAL COUNTY ACCOUNT TO BE USED FOR AN APPROVED
AGRICULTURAL LAND PRESERVATION PROGRAM, INCLUDING USE FOR BOND
ANNUITY FUNDS OR MATCHING FUNDS.

(C)  REALLOCATION.

(1)  EXCEPT AS PROVIDED FOR MONTGOMERY COUNTY IN
SUBSECTION (E) OF THIS SECTION, IF ANY REVENUE IN THE SPECIAL
COUNTY ACCOUNT HAS NOT BEEN EXPENDED OR COMMITTED ON OR BEFORE 3
YEARS FROM THE DATE OF DEPOSIT INTO THE COUNTY ACCOUNT, THE
COUNTY COLLECTOR SHALL REMIT THAT REVENUE TO THE COMPTROLLER FOR
DEPOSIT IN THE MARYLAND AGRICULTURAL LAND PRESERVATION FUND.

(2)  IF ON OR BEFORE 2 YEARS FROM THE DATE OF DEPOSIT
OF REVENUE INTO THE MARYLAND AGRICULTURAL LAND PRESERVATION FUND
UNDER PARAGRAPH (1) OF THIS SUBSECTION THE COUNTY IS ABLE TO USE
THE REVENUE AS PROVIDED BY SUBSECTION (C) OF THIS SECTION, THE
COMPTROLLER SHALL RETURN THE REVENUE TO THE COUNTY.

(D)  REMAINDER IN MONTGOMERY COUNTY.

IN MONTGOMERY COUNTY, 50% OF THE REVENUE RETAINED SHALL BE
HELD IN A SPECIAL ACCOUNT AND SHALL BE DEEMED AND USED AS THE
STATE MATCHING FUND SHARE FOR AGRICULTURAL LAND PRESERVATION IN
MONTGOMERY COUNTY.

(E)  FILINGS WITH THE DEPARTMENT.

FROM THE AGRICULTURAL LAND TRANSFER TAX COLLECTED BY IT, THE
DEPARTMENT SHALL REMIT THE COUNTY PART OF THE REVENUE TO THE
COLLECTOR FOR THE COUNTY IN WHICH THE LAND IS LOCATED FOR
DISTRIBUTION UNDER THIS SECTION.

REVISOR'S NOTE: This section is new language derived
without substantive change from former Art. 81, §