Ch. 687                            MARVIN MANDEL, Governor                              1433

AN OPTIONAL BENEFIT MAY CHANGE SUCH ELECTION BY DUE
NOTICE TO THE BOARD OF TRUSTEES, BUT NO CHANGE MAY BE
MADE AFTER THE FIRST PAYMENT OF HIS ALLOWANCE BECOMES
NORMALLY DUE.

(1)    IF THE MEMBER DIES BEFORE HE HAS RECEIVED IN
PAYMENTS THE PRESENT VALUE OF HIS RETIREMENT
ALLOWANCE AS IT WAS AT THE TIME OF HIS RETIREMENT, THE
BALANCE SHALL BE PAID TO HIS LEGAL REPRESENTATIVES OR TO
SUCH PERSON AS HE SHALL NOMINATE BY WRITTEN
DESIGNATION DULY ACKNOWLEDGED AND FILED WITH THE
BOARD OF TRUSTEES; OR

(2)  UPON HIS DEATH, HIS REDUCED RETIREMENT ALLOWANCE
SHALL BE CONTINUED THROUGHOUT THE LIFE OF AND PAID TO
SUCH PERSON AS HE SHALL NOMINATE BY WRITTEN
DESIGNATION DULY ACKNOWLEDGED AND FILED WITH THE
BOARD OF TRUSTEES AT THE TIME OF HIS RETIREMENT; OR

(3)      UPON HIS DEATH, ONE-HALF OF HIS REDUCED
RETIREMENT ALLOWANCE SHALL BE CONTINUED THROUGHOUT
THE LIFE OF AND PAID TO SUCH PERSON AS HE SHALL NOMINATE
BY WRITTEN DESIGNATION DULY ACKNOWLEDGED AND FILED
WITH THE BOARD OF TRUSTEES AT THE TIME OF HIS
RETIREMENT; OR

(4)    SOME OTHER BENEFIT OR BENEFITS SHALL BE PAID
EITHER TO THE MEMBER OR TO SUCH PERSON OR PERSONS AS HE
SHALL NOMINATE, PROVIDED SUCH OTHER BENEFIT OR BENEFITS,
TOGETHER WITH THE REDUCED RETIREMENT ALLOWANCE, SHALL
BE CERTIFIED BY THE ACTUARY TO BE OF EQUIVALENT
ACTUARIAL VALUE OF HIS RETIREMENT ALLOWANCE, AND SHALL
BE APPROVED BY THE BOARD OF TRUSTEES.

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

Approved May 24, 1973.

CHAPTER 687
(Senate Bill 489)

AN ACT to repeal and re-enact, with amendments, Section 700[[((i]] (k) of
Article 66C of the Annotated Code of Maryland (1970 Replacement Volume),
title "Natural Resources," subtitle "Oysters and Clams," to [[extend the
restricted area for ]] prohibit patent tonging [[, so as to make it conform with
the restrictions set by the Department of Chesapeake Bay Affairs]] in certain
areas of the Patuxent River.

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That Section 700 [ [(i)]] (k) of Article 66C of the Annotated Code
of Maryland (1970 Replacement Volume), title "Natural Resources," subtitle
"Oysters and Clams," be and it is hereby repealed and re-enacted, with
amendments, to read as follows: