Maryland Code, STATE FINANCE AND PROCUREMENT 10-202
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Terms Used In Maryland Code, STATE FINANCE AND PROCUREMENT 10-202
- Life estate: A property interest limited in duration to the life of the individual holding the interest (life tenant).
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- state: means :
(1) a state, possession, territory, or commonwealth of the United States; or
(2) the District of Columbia. See
(a) This section does not apply to property to be acquired in connection with State roads, bridges, or highways.
(b) Subject to Title 12 of the Real Property Article, the Board may condemn property for State use.
(c) The Department of General Services, with the approval of the Board, shall adopt regulations in accordance with Title 10, Subtitle 1 of the State Government Article that establish a uniform method of determining the value of any applicable life estate discount for property condemned in accordance with this section.