J. MILLARD TAWES, Governor                       1413

U.S.C. 1609 (c)) shall be applicable to any contract or other arrange-
ment for the operation of such facilities.

Article XV
Relocation Assistance
317-67. Relocation Program and Payments—

Section 7 of the Urban Mass Transportation Act of 1964, (78
Stat. 305), and as the same may from time to time be amended,
and all regulations promulgated thereunder, are hereby made appli-
cable to individuals, families, business concerns and non-profit or-
ganizations displaced from real property by actions of the Au-
thority without regard to whether financial assistance is sought
by or extended to the Authority under any provision of that Act;
provided, however, that in the event real property is acquired for
the Authority by an agency of the Federal Government, or by a
State or local agency or instrumentality, the Authority is authorized
to reimburse the acquiring agency for relocation payments made
by it.

317-68. Relocation of Public or Public Utility Facilities—

Notwithstanding the provisions of Section 317-67 of this Article
XV, any highway or other public facility or any facilities of a
public utility company which will be dislocated by reason of a
project deemed, necessary by the Board to effectuate the authorized
purposes of this Title shall be relocated if such facilities are devoted
to a public use, and the reasonable cost of relocation, if substitute
facilities are necessary, shall be paid by the Board from any of its
monies.

Article XVI
General Provisions
317-69. Creation and Administration of Funds—

(a)    The Board may provide for the creation and administra-
tion of such funds as may be required. The funds shall be dis-
bursed in accordance with rules established by the Board and all
payments from any fund shall be reported to the Board. Monies
in such funds and other monies of the Authority shall be deposited,
as directed by the Board, in any state or national bank located in
the Zone having a total paid-in capital of at least one million
dollars ($1,000,000). The trust department of any such state or
national bank may be designated as a depositary to receive any
securities acquired or owned by the Authority. The restriction with
respect to paid-in capital may be waived for any such bank which
agrees to pledge Federal securities to protect the funds and securi-
ties of the Authority in such amounts and pursuant to such ar-
rangements as may be acceptable to the Board.

(b)    Any monies of the Authority may, in the discretion of
the Board and subject to any agreement or covenant between the
Authority and the holders of any of its obligations limiting or
restricting classes of investments, be invested in bonds or other
obligations of, or guaranteed as to interest and principal by, the
United States, Maryland, Virginia or the political subdivisions or
agencies thereof.