MARVIN MANDEL, Governor                        669

Dollars ($876,000.00) for the construction of a Commerce Classroom
Building. There shall be allowed an additional period of two years,
beginning on the effective date of this Act, for placing this project
under contract. If these projects shall not have been placed under
contract within a period of two years beginning on the effective date
of this Act, then it shall be deemed to have been abandoned and the
other provisions of Section 10 of Chapter 759 of the Acts of 1967
shall be fully effective as to these projects.

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

Approved April 23, 1969.

CHAPTER 231
(Senate Bill 415)

AN ACT to repeal and re-enact, with amendments, Section 5 of
Article 62A of the Annotated Code of Maryland (1968 Replace-
ment Volume), title "Maryland Estate Tax," to clarify the law
with respect to the time within which a claim for refund of Mary-
land estate tax may be filed for estates which owed or paid such
tax on or after June 1, 1965, and to provide that no interest shall
accrue on any such claim filed more than one year after the event
which causes the refund to become due.

Section 1. Be it enacted by the General Assembly of Maryland,
That Section 5 of Article 62A of the Annotated Code of Maryland
(1968 Replacement Volume), title "Maryland Estate Tax," be and
it is hereby repealed and re-enacted, with amendments, to read as
follows:

5.

If the amount of "federal estate tax" shall, upon the final deter-
mination of the same, be increased or decreased as affecting an
"estate" the transfer of any part whereof is taxable hereunder sub-
sequent to the payment of the "Maryland estate tax," the said
"Maryland estate tax" imposed shall be changed accordingly. Any
additional "Maryland estate tax" shall be payable at the same time
or times at which the additional "federal estate tax" is payable and
shall bear interest thereon at the rate of 6% per annum from
fifteen months after the date of death of the "decedent" to the date
of payment of such additional "Maryland estate tax." The rate of
interest shall be reduced to agree with a reduced federal interest
rate. In the event that there shall be a decrease in said "federal
estate tax," said "executor" shall file with the Comptroller of the
State of Maryland an affidavit in such form as is prescribed by said
Comptroller. Said Comptroller shall thereupon cause to be paid to
said "executor" from the fund retained by him, as provided in Sec-
tion 4 of this Article, the amount of refund found to be due, together
with interest thereon at the rate of six per centum (6%) from the
date of payment of the "Maryland estate tax." Refund shall be paid by
the Comptroller because of payment of Maryland inheritance taxes