996                               Laws of Maryland                       [Ch. 602

lars and it is further provided that no bonds shall be issued until the
cash balance in the Commission's Construction Fund is below Twenty-
Five Million ($25,000,000) Dollars. Prior to the end of the first four-
year period of the said Twelve Year Road Program, 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 under the program 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 appropriate action, pro-
hibit 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 of said program; 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 ac-
complish 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. Prior to the
end of the second four-year period, i.e. on or before the 31st day of
January, during the 1961 Session of the General Assembly, the Com-
mission shall again present to the Governor and the General As-
sembly 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 con-
struction and reconstruction during the third four program year
period as said proposed construction and reconstruction is set forth
in the above-mentioned document. During the first four program
years, the second four program years or the third four program
years of said program, the State Roads Commission may issue such
additional bonds from the aggregate authorized under this sub-title
as may be necessary to finance any re-programming of construction
or reconstruction or incidental costs in connection therewith as is
permitted under Section 162 D-1 of this Article. Nothing herein
shall be deemed to prevent the Commission from issuing, during the
second or third four-year period, any bonds authorized but not issued
during any preceding four year period. During the second four
program years or the third four program years of said program, the
State Roads Commission may issue such additional bonds from the
aggregate authorized under this sub-title as may be necessary to
finance the construction or reconstruction of the incompleted pro-
gram mileage of a prior four year program period and to finance the
payment of project authorizations of any prior four year program
period. Additional bonds from the aggregate authorized under this
sub-title may be issued by the State Roads Commission for the pur-
pose of providing State participating funds for Federal Interstate
System projects not embraced in the Twelve Year Program but which
may be a result of the Federal Interstate System program as author-
ized by the Federal-Aid Highway Act of 1956.