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Session Laws, 1973
Volume 709, Page 1398   View pdf image
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1398                                      LAWS OF MARYLAND                                Ch. 670

NOTE, THE TOTAL AMOUNT BORROWED SHALL BE DUE AND
SHALL BE COLLECTED AS PROVIDED IN SUBSECTION (G) OF THIS
SECTION. IN ADDITION TO THE TOTAL AMOUNT BORROWED,
INTEREST SHALL BE DUE THEREON AT A RATE FIXED BY THE
CORPORATION AND DATING FROM THE TIME ANY MONEY WAS
BORROWED. THE CORPORATION IS AUTHORIZED TO WAIVE
INTEREST ON ANY MONEY BORROWED TO THE EXTENT THAT THE
INTEREST IS PAID FROM SOURCES OTHER THAN THE STUDENT OR
THE STATE.

(F)  FUNDS FOR LOANS HEREUNDER SHALL BE INCLUDED IN THE
BUDGET FROM YEAR TO YEAR IN THE FOLLOWING MANNER:
$30,000 FOR 1973-1974; $60,000 FOR 1974-1975; $90,000 FOR 1975-1976;
$120,000 FOR 1976-1977; AND $120,000 FOR EACH YEAR THEREAFTER.
NOTWITHSTANDING THE PROVISIONS OF SECTION 3-606 OF
ARTICLE 66-1/2 OF THIS CODE, AS AMENDED FROM TIME TO TIME,
ANY MONIES, NOT TO EXCEED FIFTY THOUSAND DOLLARS ($50,000)
ANNUALLY, IN EXCESS OF THE AMOUNT SPECIFIED IN SECTION
3-606 FOR THE PURPOSES OF THAT SECTION MAY BE USED
ANNUALLY FOR THE PURPOSES OF THIS SECTION TO THE EXTENT
AVAILABLE TO REDUCE THE FUNDS REQUESTED IN THIS
SUBSECTION FOR LOANS. IN ADDITION, IN EACH OF THE YEARS
THERE SHALL BE APPROPRIATED TO THE CORPORATION
SUFFICIENT SUMS TO ADMINISTER THE PROVISIONS OF THIS
SECTION.

(G)    UPON THE FAILURE OR REFUSAL OF ANY PERSON TO
OBSERVE THE CONDITIONS OF A NOTE UNDER THIS SECTION, THE
ENTIRE AMOUNT BORROWED SHALL BE DUE AND PAYABLE AND
THE ATTORNEY GENERAL SHALL ENFORCE THE OBLIGATIONS OF
THE NOTE. ANY MONIES RECEIVED FROM THE ENFORCEMENT OF
THE OBLIGATION OF A NOTE SHALL BE ACCOUNTED FOR BY THE
ATTORNEY GENERAL AND DEPOSITED IN THE GENERAL FUNDS OF
THE STATE.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take
effect July 1, 1973.

Approved May 24, 1973.

CHAPTER 671
(Senate Bill 276)

AN ACT to repeal and re-enact, with amendments, Sections 19(d), 23(d), 26(a),
36(1), 36(8), 49, 52, 66(2), 67(6), 67(7), and 67(10) of Article 101 of the
Annotated Code of Maryland (1964 Replacement Volume and 1972
Supplement), title "Workmen's Compensation," subtitles "Corporate
Insurance," "Application of Article," "Claims and Compensation; Benefits,"
and "Miscellaneous," respectively; making certain changes in the provisions of
law relating to contracts indemnifying employers from loss due to accidental
means; changing the statute of limitations relating to employers' liability for
disability or death for certain pulmonary dust diseases, both as to when

 

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Session Laws, 1973
Volume 709, Page 1398   View pdf image
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