SPIRO T. AGNEW, Governor                      1425

him or his spouse, father, mother, brother, sister or child, jointly or
severally. This subsection shall not be construed to prohibit a com-
missioner from having or holding private investment, business, or
professional interests, but shall be construed to apply when such
interests are or reasonably may be in conflict with the proper per-
formance of duty by the commissioner. Such interests shall be pre-
sumed to be in conflict with the proper performance of duty by the
commissioner when the commissioner or his spouse, father, mother,
brother, sister or child, jointly or severally, owns a total of more
than three per centum of the invested capital or capital stock of
any groups, firms, corporations, or associations [involved in] bene-
fited by the decision being made by the commissioner or his com-
mission or receives a total combined compensation of more than five
thousand dollars per year from any individual, groups, firms, cor-
porations, or associations [involved in] benefited by the decision
being made by the commissioner or his commission. Such [presump-
tion] prohibition shall not [be construed to] apply to or include an
interest or investment in land geographically remote from the land
involved in the decision, or an interest which constitutes less than

one -half of one per centum of the total area included within the

decision, THE OWNERSHIP OF A RECORDED SINGLE FAMILY
LOT ON WHICH THE MEMBER ACTUALLY RESIDES, or a
possibility of reverter, a mortgage, or other security interest in
which the real property in interest is not as otherwise defined in this
subsection.

Sec. 2. And be it further enacted, That this Act shall take effect
June 1, 1967.

Approved May 4, 1967.

CHAPTER 661
(Senate Bill 146)

AN ACT to repeal and re-enact, with amendments, Sections 2, 3, 4,
5, 7 and 9 of Article 43A of the Annotated Code of Maryland
(1965 Replacement Volume, 1966 Supplement), title "Higher Edu-
cation Loan Program", and to add to said article new Sections 7 A
and 7B to follow immediately after Section 7 thereof, to provide
for the loan of funds to assist persons in meeting the expenses of
vocational education.

Section 1. Be it enacted by the General Assembly of Maryland,
That Sections 2, 3, 4, 5, 7 and 9 of Article 43A of the Annotated
Code of Maryland (1965 Replacement Volume, 1966 Supplement),
title "Higher Education Loan Program", be and they are hereby
repealed and re-enacted, with amendments, and that new Sections
7A and 7B, to follow immediately after Section 7, be and they are
hereby added to said article, all to read as follows:

2. Purpose of corporation.

The purpose of the corporation shall be to improve the [higher]
educational opportunities of persons who are residents of this State,