700                              LAWS OF MARYLAND                      [CH. 496

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

Approved April 8, 1965.

CHAPTER 496
(Senate Bill 58)

AN ACT to repeal and re-enact, with amendments, Section 80 of
Article 101 of the Annotated Code of Maryland (1964 Replacement
Volume), title "Workmen's Compensation", sub-title "State Acci-
dent Fund", to substitute sections of Article 48A of this Code
(1957 Edition, as amended) regarding investments of monies de-
posited in the State Accident Fund.

Section 1. Be it enacted by the General Assembly of Maryland,
That Section 80 of Article 101 of the Annotated Code of Maryland
(1964 Replacement Volume), title "Workmen's Compensation", sub-
title "State Accident Fund", be and it is hereby repealed and re-
enacted, with amendments, to read as follows:

80. Whenever and as often as there shall be in the hands of the
Treasurer any sum belonging to the State Accident Fund not likely,
in the opinion of the commissioners of the State Accident Fund, to be
required for immediate use, it shall be the duty of the Board of
Public Works, when called upon by the commissioners, to invest the
same in investments legal for fire, casualty, and miscellaneous insur-
ance companies as may be provided from time to time in [Section 29
of Article 48A of this Code (1957 Edition, as amended)] Sections 97
through 107 of Article 48A of this Code (1964 Replacement Volume
and 1964 Supplement to Replacement Volume, as amended) from time
to time. When and as it may become necessary or expedient to use
the moneys so loaned or invested the Board of Public Works shall,
when called upon by the commissioners, collect or sell or otherwise
realize upon any such loan or investment, and any interest accruing
upon any such loan or investment, as well as any interest received
upon the deposit of moneys belonging to said fund shall be credited
to said fund.

The State Treasurer may deposit any portion of the State fund not
needed for immediate use, in the manner and subject to all provisions
of law respecting the deposit of other State funds by him. Interest
earned by such portion of the State Accident Fund deposited by the
State Treasurer shall be collected by him and placed to the credit of
the fund.

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

Approved April 8, 1965.