Maryland Code, STATE FINANCE AND PROCUREMENT 10-304
Terms Used In Maryland Code, STATE FINANCE AND PROCUREMENT 10-304
- Appraisal: A determination of property value.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- 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
(1) property that is pledged to secure the payment of principal of or interest on revenue bonds; or
(2) real property that is owned or controlled by the State Highway Administration, unless the property is being transferred to the Maryland Transportation Authority or to another unit in the Department of Transportation.
(b) (1) The Board may transfer any property, and all rights of physical custody and control over the property, from a unit of the Executive Branch of the State government to another unit of the Executive Branch of the State government.
(2) Any property transferred under this subsection is exempt from the appraisal requirements under § 10-305(b)(2)(i) of this subtitle.
(3) Any property transferred under this subsection is subject to the continuing general jurisdiction of the Board.