1. (a) Subject to subsection (c) of this section, a program shall require a property owner to repay a loan provided under the program through a surcharge on the owner's property tax bill.

2. (b) Except for a surcharge authorized under subsection (c) of this section, a county or municipality may not set a surcharge greater than an amount that allows the county or municipality to recover the costs associated with:

   1. (1) issuing bonds to finance the loan; and
   2. (2) administering the program.

3. (c) With the express consent of any holder of a mortgage or deed of trust on a commercial property that is to be financed through a loan to the commercial property owner under the program:

   1. (1) a county or municipality may collect loan payments owed to a private lender or to the county or the municipality for a loan to a commercial property owner, and costs associated with administering the program, through a surcharge on the property owner's property tax bill;
   2. (2) an unpaid surcharge under this subsection shall be, until paid, a lien on the real property on which it is imposed from the date it becomes payable; and
   3. (3) the provisions of Title 14, Subtitle 8 of the Tax--Property Article that apply to a tax lien shall also apply to a lien created under this subsection.
4. (d) A person who acquires property subject to a surcharge under this section assumes the obligation to pay the surcharge.

Added by Acts 2013, c. 119, § 2, eff. Oct. 1, 2013. Amended by Acts 2014, c. 472, § 1, eff. Oct. 1, 2014; Acts 2014, c. 473, § 1, eff. Oct. 1, 2014; Acts 2021, c. 441, § 1, eff. Oct. 1, 2021.