MARVIN MANDEL, Governor                        1109

(d) The Commission shall submit a comprehensive report of its
findings and recommendations to the Governor and to the General
Assembly of Maryland not later than fifteen months after the effec-
tive date of this Act. The Commission shall cease to exist thirty days

after such report is submitted, unless there is a request for an

extension of time which is granted by the Governor.

(D) THE COMMISSION SHALL SUBMIT TO THE GOVER-
NOR AND THE GENERAL ASSEMBLY, NOT LATER THAN
OCTOBER 1, 1969, AN INTERIM PROGRESS REPORT OF ITS
PROCEDURES, PLANS AND ACCOMPLISHMENTS. NOT
LATER THAN MARCH 1, 1970, THE COMMISSION SHALL SUB-
MIT TO THE GOVERNOR AND THE GENERAL ASSEMBLY A
COMPREHENSIVE FINAL REPORT, COMPLETE WITH ALL
ITS FINDINGS AND RECOMMENDATIONS. ON APRIL 1, 1970,
THE COMMISSION SHALL CEASE TO EXIST, UNLESS PRIOR
TO THAT DATE THE GOVERNOR EXTENDS ITS EXISTENCE
AND WORK TO SOME DEFINITE FUTURE DATE; AND ON
WHATEVER DAY THE COMMISSION CEASES TO EXIST ALL
ITS RECORDS, MATERIALS, AND PROPERTIES SHALL BE
TURNED OVER TO THE BOARD OF PUBLIC WORKS FOR
STORAGE, DISTRIBUTION, OR DISPOSITION.

Sec. 2. And be it further enacted, That this Act shall take effect
July 1, 1969.

Approved May 2, 1969.

CHAPTER 436
(Senate Bill 624)

AN ACT to authorize the creation of a State debt in the aggregate
amount of Three Million Five Hundred Thousand Dollars
($3,500,000), FIVE MILLION TWO HUNDRED AND FIFTY
THOUSAND DOLLARS ($5,250,000), the proceeds thereof to be
used for the Maryland Insurance Development Fund, (Acts of

1969, Chapter............, Senate Bill 361), HOUSE BILL NO. 842), and

providing generally for the issue and sale of Certificates of Indebt-
edness evidencing such loan; and to repeal and re-enact, with
amendments, Section 208 (a) of Article 48A of the Annotated
Code of Maryland (1968 Replacement Volume and 1968 Supple-
ment), title "Insurance Code," subtitle "14. Unauthorized In-
surers," to provide that funds collected under the premium receipts
tax be placed in a special fund for the Maryland Insurance Devel-
opment Fund, and correcting an error therein.

Section 1. Be it enacted by the General Assembly of Maryland,
That the Board of Public Works is hereby authorized and directed
to issue a State loan to be known as the "Maryland Insurance De-
velopment Fund Loan of 1969," in the aggregate sum of Three Mil-
lion Five Hundred Thousand Dollars ($3,500,000). FIVE MIL-
LION TWO HUNDRED AND FIFTY THOUSAND DOLLARS
($5,250,000).