LAWS OF MARYLAND 1986

MARYLAND, Sct.:

At a Session of the General Assembly of Maryland, begun and held
in the City of Annapolis on the Eighth Day of January,
1986, and Ending on the Seventh Day of April, 1986,
Harry Hughes, being Governor of the State, the
following laws were enacted, to wit:

CHAPTER 1

(House Bill 467)

AN ACT concerning

Transportation Trust Fund - Consolidated Transportation Bonds

FOR the purpose of providing that a certain sum should a certain
sum sums be transferred from the Transportation Trust Fund
to the Maryland Deposit Insurance Fund, then a certain sum
shall be distributed to the Transportation Trust Fund from
corporate income tax receipts after monthly distributions to
the Gasoline and Motor Vehicle Revenue Account and the
Transportation Revenue Sharing Account; providing for the
effect of any appropriation from the general fund to the
Transportation Trust Fund; authorizing the Governor to
transfer funds from the Maryland Deposit Insurance Fund to
the Transportation Trust Fund under certain conditions and
providing for the effect of the transfer; and providing a
statutory procedure for defeasance of Consolidated
Transportation Bonds.

BY repealing and reenacting, with amendments,

Article 81 - Revenue and Taxes

Section 288A

Annotated Code of Maryland

(1980 Replacement Volume and 1985 Supplement)

BY adding to

Article - Transportation
Section 3-215(e)
Annotated Code of Maryland
(1977 Volume and 1985 Supplement)

Preamble

EXPLANATION: CAPITALS INDICATE MATTER ADDED TO EXISTING LAW.
[Brackets] indicate matter deleted from existing law.
Underlining indicates amendments to bill.
Strike out indicates matter stricken from the bill by
amendment or deleted from the law by amendment.
Script denotes opposite chamber/conference committee
amendments