Marvin Mandel, Governor                       1361

Sec. 3. And be it further enacted, That all appropriations and
credits on the books, papers, and accounts of any department or
other agency of this State, as of June 30, 1971, 1972, for and to the
credit of the Maryland Traffic Safety Commission, and all liabilities
and obligations as of June 30, 1971, 1972, of the Maryland Traffic
Safety Commission shall be transferred to and become the appro-
priations, credits, liabilities, and obligations of the Department of
Public Safety and Correctional Services.

Sec. 4. And be it further enacted, That this Act shall take effect
July 1, 1972.

Approved May 26, 1972.

CHAPTER 447
(Senate Bill 694)

AN ACT to repeal and re-enact, with amendments, Section 232B of
Article 81 of the Annotated Code of Maryland (1971 Supple-
ment), title "Revenue and Taxes," subtitle "State Department of
Assessments and Taxation," and to repeal Section 2 of Chapter
361 of the Acts of the General Assembly of 1971, to provide for
the continuing valuation and assessment of certain tax exempt
property by the State Department of Assessments and Taxation
and for the manner of such valuation and assessment, and to
provide for the appointment of the necessary personnel to per-
form the duties, and to correct errors therein.

Section 1. Be it enacted by the General Assembly of Maryland,
That Section 232B of Article 81 of the Annotated Code of Mary-
land (1971 Supplement), title "Revenue and Taxes," subtitle "State
Department of Assessments and Taxation," be and it is hereby
repealed and re-enacted, with amendments, to read as follows:

232B.

Notwithstanding the provisions of Section 9 of this article exclud-
ing exempt property from assessment for purposes of ordinary
taxation and excepting the property of the United States from this
section, all real property and any improvements thereon located in
the State and exempted from the payment of any ordinary taxes
on July 1, 1971 or becoming exempt at any time thereafter by any
provisions of law shall be valued and assessed from time to time
as may be necessary and as directed by the Director of the Depart-
ment according to the method prescribed by this article by persons
authorized by the Director [of the Department] to perform such
valuations. These valuations shall be maintained in the records of
the Department and of each county and Baltimore City in which
exempt property is located, in the manner required by the Director.
None of such valuations shall be included in the total assessment
of all property subject to State, county or city ordinary taxation
for the purpose of distribution of State monies under any provision
of law. The persons designated to perform the duties prescribed
herein shall be appointed in accordance with the provisions of