(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. (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) issuing bonds to finance the loan; and (2) administering the program. (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) 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) 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) 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. (d) A person who acquires property subject to a surcharge under this section assumes the obligation to pay the surcharge.
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