SPIRO T. AGNEW, Governor                      1.101

the business provided in the applicant's license, provided that if
any agent or subagent of an applicant is exempt from the provisions
of this subtitle pursuant to Section 210 hereof, no license fee shall be
required to be paid by the applicant with respect to such agent or
subagent.]

Each licensee shall on the first day of December of each year file
with the Commissioner a full and complete alphabetical listing of
each of the licensed agents as of that date. This report shall be sub-
mitted not later than the tenth day thereafter and shall show the
name of the agent, address, nature of agent's business and date of
appointment of such agent in each case. The Commissioner may also
require further data should he find it desirable. This report shall be
the basis of the department's billing of Four Dollars ($4.00) for
each agent so reported by the principal licensee for the succeeding
calendar year.

No further payments shall be required of the licensee except the
annual charge for the principal license and the additional agents
reported to the Commissioner on the July 1st report together with
its additional agents appointed between the July 1st reporting date
and the December 1st period, ; PROVIDED, HOWEVER, NO
LICENSEE SHALL BE REQUIRED TO PAY MORE THAN $4.00
FOR AN AGENT IN ANY ONE CALENDAR YEAR.

The licensee shall at the same time file with the office of the Com-
missioner, annually, a new bond, or in lieu thereof a continuing
renewal certificate, or deposit securities in lieu of such bond, in the
amount and of the same nature and character as heretofore required
at the time of the issuance of the initial license. If any agent or sub-
agent of an applicant is exempt from the provisions of this subtitle
pursuant to Section 210 hereof, no license fee shall be required to be
paid by the applicant with respect to such agent or subagent.

Sec. 2. And be it further enacted, That this Act shall take effect
June 1, 1967.

Approved April 21, 1967.

CHAPTER 495
(Senate Bill 395)

AN ACT to repeal and re-enact, with amendments, Section 32 (f)
of Article 89B of the Annotated Code of Maryland (1964 Replace-
ment Volume and 1966 Cumulative Supplement), title "State
Roads", subtitle "Distribution and Use of Special Funds", in-
creasing from ten million dollars ($10,000,000.00) to twelve mil-
lion dollars ($12,000,000.00) the amount of money which may be
transferred in any fiscal year from the State Roads Commission's
Construction Fund to the State Roads Commission's Maintenance
Fund.

Section 1. Be it enacted by the General Assembly of Maryland,
That Section 32 (f) of Article 89B of the Annotated Code of Mary-
land, (1964 Replacement Volume and 1966 Cumulative Supplement),