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Session Laws, 1957
Volume 640, Page 284   View pdf image (33K)
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284                               Laws of Maryland                       [Ch. 223

may, by appropriate action, prohibit the issuance of additional bonds
provided for in this sub-title, or may restrict the amount of bonds
that may be issued during the second four-year period next succeed-
ing the effective date of this sub-title; 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 reconstruction contemplated during
the second four-year period, above referred to, then the bonds neces-
sary to supplement construction funds available to finance the pro-
posed construction and reconstruction during that period as set forth
in the document entitled "Road Construction and Reconstruction in
the proposed Twelve-year Program", may be issued. On or before
the 15th day of February, 1958, the Com/mission 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 again to 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 reconstruc-
tion during the remainder of the second four-year period, as said
proposed construction and reconstruction is set forth in the above-
mentioned document. On or before the 31st day of January, 1959,
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 again to 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 pro-
posed construction and reconstruction during the remainder of the
second four-year period, as said proposed construction and recon-
struction is set forth in the above-mentioned document.
Prior to the
end of the second four-year period next succeeding the effective date
of this sub-title, i.e. on or before the 31st day of January, during the
1961 session of the General Assembly, the Commission shall again
present to the Governor and the General Assembly the same type of re-
port 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 reconstruc-
tion during the third four program year period as said proposed
construction and reconstruction is set forth in the above-mentioned
document. [; provided, however, that during] On or before the 31st
day of January, 1963, 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 and second four-year
periods, and the General Assembly shall have the authority again to
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 reconstruc-
tion during the remainder of the third four-year period, as said pro-
posed construction and reconstruction is set forth in the above-
mentioned document. During
the first four program years, the second
four program years and the third four program years of said pro-
gram, the State Roads Commission may issue such additional bonds
from the aggregate authorized under this sub-title as may be neces-
sary to finance any reprogramming of construction or reconstruction

 

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Session Laws, 1957
Volume 640, Page 284   View pdf image (33K)
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