If, within 1 year after payment is made under § 8-323 of this subtitle, the Commission fails to ascertain the entire amount to be paid for the property and acquire title to it by deed or condemnation or, within that same 1-year period, fails to file timely a petition for condemnation as required by the Maryland Rules, then the fair value of the property shall be the greater of the values determined as of:
(1) The date the title to the property is acquired; and
(2) The date the payment was made under § 8-323 of this subtitle.
Structure Maryland Statutes
Subtitle 3 - Acquisition and Disposition of Property
Part III - "Quick-Take" Condemnation by Commission -Board of Property Review Procedure
Section 8-319 - Location of Termini of Highway to Be Constructed or Reconstructed
Section 8-320 - Construction Plans, Plats, and Estimates -- Preparation
Section 8-321 - Construction Plans, Plats, and Estimates -- Approval, Signing, and Recording
Section 8-322 - Construction Plans, Plats, and Estimates -- Commission Records; Public Information
Section 8-323 - Petition for Condemnation; Payment of Estimates
Section 8-324 - Entry on Property
Section 8-325 - Negotiation With Property Owners
Section 8-326 - Certification to Board of Property Review; Filing Cases in Court
Section 8-327 - Boards of Property Review Generally
Section 8-328 - Performance of Duties of Board
Section 8-329 - Appeals From Board