Section 13-217 - Sale of superfluous armories. - Maryland Statutes

§ 13-217. Sale of superfluous armories.
 

(a)  In general.- With the prior approval of the Board of Public Works, the Department may sell armories that are superfluous to the Department's requirements. 

(b)  Right of first refusal by county or municipal corporation.-  

(1) The county or municipal corporation in which the armory is located has the right of first refusal to purchase the armory. 

(2) If the county or municipal corporation declines to purchase the property, the Department shall sell the property at public sale for the highest cash price obtainable. 

(c)  Disposition of proceeds.- The proceeds of a sale shall be placed in the Annuity Bond Fund under § 8-132 of the State Finance and Procurement Article. 
 

[An. Code 1957, art. 65, § 61; 2003, ch. 5, § 2.]