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Section 4-507 - Proceeds From Trade-In — Maryland Law | CourtGPT
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  8. Section 4-507 - Proceeds From Trade-In
Maryland Legal Code

Section 4-507 - Proceeds From Trade-In

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If the Department trades in surplus personal property for a replacement for the unit of the State government that declared the item excess, the Department shall give credit to that unit in the form of a reduced cost for the replacement property.