MARVIN MANDEL, Governor                        671

THE STATE OF MARYLAND INCONSISTENT WITH THE
PROVISIONS OF THIS ACT ARE HEREBY REPEALED.

Sec. 5. 7. And be it further enacted, That this Act shall take
effect June 1, 1969.

Approved May 2, 1969.

CHAPTER 403
(House Bill 29)

AN ACT to authorize the creation of a State debt in the aggre-
gate amount of One Hundred Seven Million Five Hundred
Thousand Dollars ($107,500,000) SIXTY MILLION DOLLARS
($60,000,000) to be known as the "Outdoor Recreation Land
Loan of 1969," or "Program Open Space," and the proceeds
thereof to be used exclusively for the purposes of assisting certain
State agencies and the counties, municipalities, or any special
governmental agency thereof charged with providing outdoor
recreation and open space areas in this State, on a matching
basis to provide for the acquisition and development of land to
be used for public recreation and open space purposes, and pro-
viding generally for the issue and sale of Certificates of Indebt-
edness evidencing such loan; to add new Section 19A to Article
78A of the Annotated Code of Maryland (1965 Replacement
Volume), title "Public Works," subtitle "Department of Improve-
ments," to follow immediately after Section 19 thereof, establish-
ing a Land Acquisition Division under the Department of Public
Improvements, such Division to acquire land for State projects
funded under the "Outdoor Recreation Land Loan of 1969" or
"Program Open Space," and related generally to the organization
of the Land Acquisition Division; to add new Section 277A to
Article 81 of the Annotated Code of Maryland (1968 Supplement),

title "Revenue and Taxes," subtitle "Recordation Tax," to follow

immediately after Section 277 thereof TO ADD NEW SECTION
278A TO ARTICLE 81 OF THE ANNOTATED CODE OF
MARYLAND (1965 REPLACEMENT VOLUME AND 1968
SUPPLEMENT), TITLE "REVENUE AND TAXES," SUB-
TITLE "RECORDATION TAX," TO FOLLOW IMMEDIATELY
AFTER SECTION 278 THEREOF AND TO BE UNDER THE
NEW SUBTITLE "STATE PROPERTY TRANSFER TAX,"
providing for a tax of one-half of one per cent (0.5%) on every
written instrument conveying title to real property recorded in
this State, the proceeds of this tax to be used to pay the principal
and interest on the certificates of indebtedness issued under the
"Outdoor Recreation Land Loan of 1969" or "Program Open Space"
and any excess thereof to be made available for the funding of
acquisition and development projects under "Program Open Space,"
and generally related to the imposition and collection of such tax
AND TO PROVIDE APPROPRIATIONS FOR CERTAIN STATE
PROJECTS AND FUNDS FOR MATCHING LOCAL PROJECTS
FOR THE FISCAL YEAR 1970.