1176                             Laws of Maryland                      [Ch. 534

ment System", amending the laws applicable to the State Police
Retirement System by changing the definition of "Average final
compensation", EXTENDING THE APPLICATION OF THIS
LAW TO CERTAIN RETIRED MEMBERS AND MAKING SPE-
CIAL PROVISIONS FOR FISCAL YEAR 1972.

Section 1. Be it enacted by the General Assembly of Maryland,
That Section 49(15) of Article 88B of the Annotated Code of Mary-
land, (1969 Replacement Volume), title "State Police", subtitle "State
Police Retirement System", be and it is hereby repealed and re-
enacted, with amendments, to read as follows:

49.

(15) "Average final compensation" shall mean the average annual
earnable compensation of an employee during the [five] three con-
secutive years of service as an employee, during which his earnable
compensation was highest or if he had less than [five] three years
of service, then his average earnable compensation for his total serv-
ice; provided, however, that during the [five-year] three-year period
immediately following July 1, 1965, "average final compensation"
will be supplemented by a sum equal to 1/60 of $1600 multiplied by
the number of months remaining in the [five-year] three-year period
subsequent to the effective date of retirement. EFFECTIVE JULY
1, 1971, THE PROVISIONS OF THIS SUBSECTION SHALL
BE APPLICABLE TO MEMBERS WHO RETIRED AFTER
JULY 1, 1970, AS WELL AS TO THOSE MEMBERS WHO
RETIRE ON OR AFTER JULY 1, 1971. EFFECTIVE JULY
1, 1972, THE PROVISIONS OF THIS SUBSECTION SHALL
BE APPLICABLE TO THOSE MEMBERS WHO RETIRED ON
OR PRIOR TO JULY 1, 1970.

SEC. 2. AND BE IT FURTHER ENACTED, THAT FOR
THE 1972 FISCAL YEAR ONLY THE ADJUSTMENTS AU-
THORIZED BY THIS ACT SHALL BE PAYABLE ONLY
FROM AND TO THE EXTENT THAT MONIES TO PAY THE
ADJUSTMENT ARE AVAILABLE FROM EXCESS INVEST-
MENT EARNINGS OF THE SYSTEM.

Sec. 2 3. And be it further enacted, That this Act shall take effect
July 1, 1971.

Approved May 17, 1971.

CHAPTER 534
(House Bill 435)

AN ACT to add new Section 19(i) (5) to Article 2B of the Anno-
tated Code of Maryland (1968 Replacement Volume and 1970
Supplement), title "Alcoholic Beverages," subtitle "Beer, Wine
and Liquor Licenses," to follow immediately after Section 19(i)

16.