J. MILLARD TAWES, Governor                        771

under are to be used. The indebtedness incurred as provided herein
shall be repaid over a period of ten (10) years, with interest not to
exceed five per cent (5%) per annum.

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

Approved April 8, 1965.

CHAPTER 557
(Senate Bill 24)

AN ACT to repeal and re-enact, with amendments, Section 152 of
Article 66½ of the Annotated Code of Maryland (1957 Edition),
title "Motor Vehicles," subtitle "Unsatisfied Claim and Judgment
Fund," to enlarge the membership of the Unsatisfied Claim and
Judgment Fund Board to provide for the appointment by the Gov-
ernor of members to the Board representing the public.

Section 1. Be it enacted by the General Assembly of Maryland,
That Section 152 of Article 66½ of the Annotated Code of Maryland
(1957 Edition), title "Motor Vehicles," subtitle "Unsatisfied Claim
and Judgment Fund," be and it is hereby repealed and re-enacted,
with amendments, to read as follows:

152.

There is hereby created an Unsatisfied Claim and Judgment Fund
Board consisting of the Commissioner, the Commissioner of Insur-
ance, [and] four representatives of insurers, and four representa-
tives of the public. Such representatives of insurers shall be desig-
nated annually by the Commissioner of Insurance. He shall designate
one representative of each of the following classes of companies:

(a)   Stock company rating organization members;

(b)   Mutual company rating organization members;

(c)   Independent stock companies; and

(d)   Independent mutual and other companies.

A person designated as a representative shall be an employee or
officer of an insurer of the class which he represents. The four repre-
sentatives of the public NOT CONNECTED WITH THE INSUR-
ANCE INDUSTRY shall be appointed annually by the Governor
at the same time that the designation of insurers' representatives is
made by the Commissioner of Insurance. None of the members of
the Board shall receive any compensation or remuneration from the
fund. Such Board shall maintain an office in this State, administer
the fund subject to the provisions of this subtitle, determine its cash
requirements, and the amounts, if any, available for investment, and
shall have the power to employ such administrative, clerical and
other help as may be necessary to the proper discharge of the duties
of the Board. The Commissioner in the administration of the Motor