82 LAWS OF MARYLAND [CH. 37

provided that no bonds shall be issued until the cash
balance in the Commission's Construction 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 disburse-
ments 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. After legislative review of the December 31,
1956, report, and such other legislative inquiry as may be
deemed appropriate, the General Assembly may, by appro-
priate 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; pro-
vided, 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 reconstruction contemplated during the
second four-year period, above referred to, then the bonds
necessary to supplement construction funds available to
finance the proposed construction and reconstruction dur-
ing that period as set forth in the document entitled
"Road Construction and Reconstruction in the Proposed
Twelve-Year Program", may be issued. Prior to the end
of the second four-year period next succeeding the effec-
tive date of this Act, i.e., on or before the 31st day of
January, during the 1961 Session of the General Assem-
bly, the Commission shall again present to the Governor
and the General Assembly the same type of report as shall
be submitted prior to the end of the first four-year period,
and the General Assembly shall have the authority to
again review the program and the further authority to
prohibit or restrict the amount of bonds that may be
issued to supplement construction funds available to
finance the proposed construction and reconstruction dur-
ing the third four program yea? period as said proposed
construction and reconstruction is set forth in the above-
mentioned document.

SEC. 2. And be it further enacted, That this Act shall
take effect June 1, 1954.

Approved March 12, 1954.