THEODORE R. MCKELDIN, GOVERNOR 77

and it is hereby repealed and re-enacted, with amend-
ments, to read as follows:

8B. And be it further enacted, that the Commission
during the four program years next succeeding the effec-
tive date of this Act, shall not issue, in the aggregate,
from the State Highway Construction Bond Issue pro-
vided for in this Act, an amount of said bonds in excess
of the amount necessary to supplement construction funds
available to finance the proposed road program during the
first four program years, as said program costs are set
forth in the document entitled "Road Construction and
Reconstruction in the Proposed Twelve-Year Program",
and dated October 27, 1952, copies of which document
shall be signed on the front thereof by the Chairman of
the State Roads Commission and shall be filed with each
of the following: the Secretary of the State of Maryland,
the Clerk of the Court of Appeals of Maryland, the De-
partment of Legislative Reference of Maryland and the
Secretary of the State Roads Commission of Maryland;
provided, however, the State Roads Commission shall at
no one time issue bonds in an amount greater than
$25,000,000.00, and further provided that no bonds shall
be issued until the cash balance in the Commission's Con-
struction Fund is below $25,000,000.00 prior to the end
of the four-year period next succeeding the effective date
of this Act, i.e., on or before the 31st day of January,
during the 1957 Session of the General Assembly, the
State Roads Commission shall present to the Governor
of the State and to the General Assembly, a report of the
receipts and disbursements of the Commission from the
effective date of this Act to December 31, 1956. Said
report shall also include a summary of the program
progress through December 31, 1956. Alter legislative
review of the December 31, 1956, report, and such other
legislative inquiry as may be deemed appropriate, the
General Assembly may, by appropriate action, prohibit
the issuance of additional bonds provided for in this Act,
or may restrict the amount of bonds that may be issued
during the second four-year period next succeeding the
effective date of this Act; provided, however, if after
legislative review as aforesaid, the General Assembly shall
fail to prohibit or restrict the amount of bonds that may
be issued to accomplish the construction and reconstruc-
tion contemplated during the second four-year period,
above referred to, then the bonds necessary to supplement
construction funds available to finance the proposed con-
struction and reconstruction during that period as set
forth in the document entitled "Road Construction and