J. MILLARD TAWES, Governor                      561

or any legal or equitable rights, interests, privileges or easements
in, to, or over the same is under the jurisdiction or control of any
board, commission, department or other agency of the State, the
deed, lease or other evidence of conveyance of any such property
or right or interest therein, disposed of hereunder, shall be executed
on behalf of such board, commission, department or agency of the
State, by the highest official thereof, and by the Board of Public
Works, and if any of said real or personal property or any legal or
equitable rights, interests, privileges or easements in, to, or over
the same, disposed of hereunder, is not under the jurisdiction or con-
trol of any particular board, commission, department or other agency
of the State, the deed, lease or other evidence of conveyance of said
property or interest therein shall be executed by the Board of Public
Works only [.]; provided, however, that whenever any State de-
partment, agency or commission leases State-owned property under
its jurisdiction and control to any State employee, agent, servant or
other individual in State service for purposes of permitting such
person to maintain a residence therein, such lease shall be executed
by the department, agency or commission having such control or
jurisdiction over such property, and, additionally, shall be approved
by the Budget Director, which approval shall be a condition precedent
to the validity of the lease. All such conveyances shall be made in the
name of the State of Maryland acting through the executing au-
thority or authorities herein provided for. As used herein, the term
"real or personal property or any legal or equitable rights, interests,
privileges or easements in, to, or over the same" shall include the
inland waters of the State and land under said waters, as well as
the land underneath the Atlantic Ocean for a distance of three miles
from the low water mark of the coast of the State of Maryland
bordering on said ocean, and the waters above said land. If the
consideration received for the disposition of any real or personal
property or interest therein is other real or personal property, such
property so received shall be held and accounted for in the same
manner as other property within the jurisdiction and control of the
board, commission, department or other agency of the State receiving
such property. If the consideration received for any such disposition
is cash, in whole or in part, the proceeds shall be accounted for and
remitted to the State Treasurer; except that any consideration re-
ceived in cash for the disposition of an asset of a substantial perma-
nent nature, commonly called a capital asset, shall be applied solely
to the State Annuity Bond Fund Account for the payment of the
principal and interest of the bonded indebtedness of the State and
if such capital asset shall have been originally purchased with any
special funds, the proceeds thereof shall revert to such fund only.

Sec. 2. And be it further enacted, That this Act shall take effect
June 1, 1965.

Approved April 8, 1965.

CHAPTER 391
(House Bill 421)

AN ACT to add new Section 46A to the Code of Public Local Laws of
Charles County (1964 Supplement, being Article 9 of the Code of