MARVIN MANDEL, Governor                        1413

406.

The Commission, after deducting necessary operation and mainte-
nance costs and an amount sufficient to create a reasonable reserve,
shall pay the remaining proceeds from the rental and use of the con-
vention hall to the Board of Public Works [, until such time as the
bonded indebtedness as provided for under the provisions of this
subtitle has been satisfied, and then such proceeds shall be paid to
the mayor and council of Ocean City to reimburse it for the land
provided for such convention hall].

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

Approved May 14, 1969.

CHAPTER 606
(Senate Bill 454)

AN ACT to repeal and re-enact, with amendments, Section 14 (c) of
Article 95A of the Annotated Code of Maryland (1968 Supple-
ment), title "Unemployment Insurance Law," subtitle "Adminis-
tration Fund," to set a ceiling on the moneys to be accumulated
in the Special Administrative Expense Fund of the Department
of Employment Security and to provide for disposition of surplus
moneys in the Fund.

Section 1. Be it enacted by the General Assembly of Maryland,
That Section 14 (c) of Article 95A of the Annotated Code of Mary-
land (1968 Supplement), title "Unemployment Insurance Law," sub-
title "Administration Fund," be and it is hereby repealed and re-en-
acted, with amendments, to read as follows:

14.

(c) There is hereby created in the State treasury a special fund
to be known as the Special Administrative Expense Fund. All inter-
est, fines and penalties collected under the provisions of this Article,
including fines imposed under Sections 17 (a), 17 (b) and 17 (c) of
this Article, together with any voluntary contributions tendered as
a contribution to this fund, shall be paid into this fund. Said moneys
shall not be expended or available for expenditure in any manner
which would permit their substitution for (or a corresponding re-
duction in) federal funds which would in the absence of said moneys
be available to finance expenditures for the administration of the
Unemployment Insurance Law. But nothing in this section shall
prevent said moneys from being used as a revolving fund, to cover
expenditures (necessary and proper under the law) for which fed-
eral funds have been duly requested but not yet received, subject to
the charging of such expenditures against such funds when received.
The moneys in this fund shall be used by the Executive Director for
reimbursement of interest in contributions erroneously collected and
the payment of costs of administration which are found not to have
been properly and validly chargeable against federal grants (or