- A. The title to a transferable development right (TDR) acquired by a sponsor shall be recorded jointly in the name of the sponsor or easement grantee and the Rural Legacy Board, and shall be described in detail in the project agreement.
- B. Within 30 days of acquisition, the titleholders shall file the TDR in the land records of the local jurisdiction where the land is located, with a copy filed in the Maryland State Archives.
- C. A TDR acquired with rural legacy funds shall only be acquired, held, and resold in accordance with the rules of the local TDR program under which it was acquired.
Authority: Natural Resources Article, §5-9A-03, Annotated Code of Maryland
Effective date:
Regulations .01—.07 adopted as an emergency provision effective August 22, 1997 (24:19 Md. R. 1334); adopted permanently effective December 29, 1997 (24:26 Md. R. 1757)