(a) The Board has and may exercise all powers necessary to carry out the purposes of this subtitle. (b) (1) The Board may adopt regulations to implement the purposes of this subtitle, including procedures for expediting acquisitions and purchasing and selling transferable development rights and using the proceeds related to purchasing and selling transferable development rights in accordance with this subtitle and local law. (2) The authority granted under this subsection may not be construed to permit adoption of a regulation applicable to land that is not subject to an easement under this subtitle. (c) (1) The Board shall establish a method for appraisal of real property interests acquired under this subtitle. (2) Any method for appraisal established by the Board may not include a value for any resource used or reserved by the owner for private economic benefit. (d) The Board and sponsors may enter into agreements with other governmental agencies, including the Maryland Agricultural Land Preservation Foundation and the Maryland Environmental Trust, for the purpose of establishing partnerships to carry out this Program.
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