428                               LAWS OF MARYLAND                       [CH. 160

ing and decorating, or projects, buildings and works which are
undertaken by the Authority or are financially assisted by it, shall be
paid wages at rates not less than those prevailing on similar con-
struction in the locality as determined by the Secretary of Labor in
accordance with the Davis-Bacon Act, as amended (40 U.S.C. 276
(a)-276(a-5)), and every such employee shall receive com-
pensation at a rate not less than 1½ times his basic rate of pay
for all hours worked in any work-week in excess of eight hours in
any work-day or forty hours in any work-week, as the case may be.
A provision stating the minimum wages thus determined and the
requirement that overtime be paid as above provided shall be set out
in each project advertisement for bids and in each bid proposal form
and shall be made a part of the contract covering the project, which
contract shall be deemed to be a contract of the character specified
in Section 103 of the Contract Work Hours Standard Act (40 U.S.C.
329), as now or as may hereafter be in effect. The requirements
of this section shall also be applicable with respect to the employ-
ment of laborers and mechanics in the construction, alteration or
repair, including painting and decorating, of the transit facilities
owned or controlled by the Authority where such activities are per-
formed by a contractor pursuant to agreement with the operator
of such transit facilities.

40. 39. Relocation program and payments.

Section 7 of the Urban Mass Transportation Act of 1964, and as
the same may from time to time be amended, and all regulations
promulgated thereunder, are hereby made applicable to individuals,
families, business concerns and nonprofit organizations displaced
from real property by actions of the Authority without regard to
whether financial assistance is sought by or extended to the Author-
ity under any provision of that Act; provided, however, that no
relocation payment made by the Authority shall be less than required
by the law of the situs of the property acquired; and provided,
further, that in the event real property is acquired for the Authority
by an agency of the Federal Government, or by a State or local
agency or instrumentality, the Authority is authorized to reimburse
the acquiring agency for relocation payments made by it.

41. 40. Relocation of public or public utility facilities.

Notwithstanding the provisions of Section 33 32, any highway or
other public facility or any facilities of a public utility company
which will be dislocated by reason of a project deemed necessary by
the Board to effectuate the authorized purposes of this Article shall
be relocated if such facilities are devoted to a public use, and the
reasonable non-betterment cost of relocation, if substitute facilities
are necessary, shall be paid by the Authority.

42. 41. Creation and administration of funds.

(a) Creation. The Authority may provide for the creation and
administration of such funds as may be required. Monies in such
funds and other monies of the Authority shall be deposited, as
directed by the Authority, in any State or national bank OR FEDER-
ALLY INSURED SAVINGS AND LOAN ASSOCIATIONS located
in the District having a total paid-in capital of at least one million
dollars ($1,000,000). The trust department of any such State or