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Session Laws, 1968
Volume 683, Page 730   View pdf image
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730                               LAWS OF MARYLAND                        CH. 448

Sec. 11. And he it further enacted, That new Section 211-Q be,
and it is hereby, added to Article 89-B of said Code and Supplement,
title "State Roads," subtitle "Expenditure of Commission's Funds
and Prog-ramming1 and Scheduling of Highway Projects," to follow
immediately after Section 211-P thereof, and to be under the new
subheading "Right of Way Revolving Fund," and to read as follows:

RIGHT OF WAY REVOLVING FUND

211-Q.

(a)   There is hereby established a fund, to he known as the "Right
of Way Revolving Fund," which shall be funded in the manner here-
inafter set forth in subsection
(B) hereof. From said Right of
Way Revolving Fund, the State Roads Commission is hereby author-
ized to expend not more than Five Million Dollars ($5,000,000.00)
annually to pay the cost of the acquisition of rights of way for State
Highway System future projects scheduled for construction or re-
construction not more than five years subsequent to the fiscal year
in which expenditures are made from said Fund for rights of way.
,
AND TO PAY THE COST OF THE ACQUISITION OF RIGHTS
OF WAY FOR ANY HIGHWAY PROJECT DESIGNATED AS AN
EXPRESSWAY OR LIMITED ACCESS HIGHWAY AND IN-
CLUDED IN THE COMMISSION'S 20-YEAR NEEDS STUDY
AND ALSO INCLUDED IN THE MASTER PLAN OF HIGH-
WAYS APPROVED BY ANY POLITICAL SUBDIVISION OF
THE STATE. The cost of the acquisition of said rights of way which
is to be paid from said Fund shall include (1) the cost of preliminary
and other engineering of said projects, (2) the consideration, includ-
ing consequential damages, paid to the owner or owners of the inter-
ests in real or other property acquired by the State Roads Commission
for said rights of way, and (3) the costs incurred by the Commission
for appraisals, legal services, court costs, recording of documents of
title and other related and necessary services in acquiring such
property or interests therein.

(b)   The Right of Way Revolving Fund shall initially be estab-
lished and augmented with the proceeds from the bond issue author-
ized by Chapter...........,
THE Laws of Maryland 1968 (Senate House
Bill
221,) and known as the "State Roads Commission Future
Rights of Way Revolving Fund Loan of 1968." When the contracts
for the projects for which the rights of way were purchased from
the Fund are awarded for construction, then the Comptroller of
the State Roads Commission shall charge the cost of the rights of
way so paid from the Fund against said contracts and cause a credit
to be made to the Right of Way Revolving Fund from which said
cost was originally taken, to the end that said Fund shall be fully
reimbursed for the cost of acquisition of said rights of way and
shall then have monies available for the acquisition of additional
rights of way for future projects in accordance with this section.

(d) (C) The Right of Way Revolving Fund shall be specially desig-
nated by the Comptroller of the State Roads Commission, on the
books of said Commission. The Commission shall so keep its accounts
relating to said Fund, as to make readily obtainable information on
the applicable items listed in Section 197 of this article.


 

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Session Laws, 1968
Volume 683, Page 730   View pdf image
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