Ch. 403                             MARVIN MANDEL, Governor                                  851

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

Approved May 21, 1973.

CHAPTER 403
(Senate Bill 468)

AN ACT to add new Sections 23 through [[36]] 33, inclusive, to Article 95 of the
Annotated Code of Maryland (1969 Replacement Volume and 1972
Supplement), title "Treasurer," to follow immediately after Section 22 thereof
and to be under the new subtitle "State Insurance Program," to establish a
program of insurance for certain State properties [[and for payment of certain
claims against the State and its agencies]] under the administration of the State
Treasurer, to provide for the powers and duties of the Treasurer under this
program, to establish the State Self-Insurance Fund and to provide for its
funding and the use of its monies for the self-insurance and purchased insurance
program, to provide for the duties of [[the State Fire Marshal and]] the
Department of General Services under this program, to provide for inspection of
State properties and determination of valuations in cases of loss or damage to
State properties, and to generally provide for loss or damage to [[properties
and for claims against the State for the operation of State vehicles and
vessels.]] State properties, vehicles and vessels.

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That new Sections 23 through [[36]] 33, inclusive, be and they
are hereby added to Article 95 of the Annotated Code of Maryland (1969
Replacement Volume and 1972 Supplement), title "Treasurer," to follow
immediately after Section 22 thereof and to be under the new subtitle "State
Insurance Program," and to read as follows:

STATE INSURANCE PROGRAM

23.

THE GENERAL ASSEMBLY FINDS THAT THE [[LOCATION OF
STATE BUILDINGS AND PROPERTIES]] POSSIBILITY OF LOSS OR
DAMAGE TO SOME STATE PROPERTIES LENDS ITSELF TO A
PROGRAM OF SELF-INSURANCE OF THESE PROPERTIES AGAINST
THE RISK OF LOSS OR DAMAGE IN LIEU OF THE PURCHASE OF
INSURANCE PROTECTION FOR THESE RISKS. [[THE GENERAL
ASSEMBLY FURTHER FINDS THAT THE COST OF A
SELF-INSURANCE PROGRAM IS LESS THAN THE COST OF
PURCHASE OF INSURANCE ON THESE PROPERTIES.]] IT IS
THEREFORE THE INTENTION OF THE GENERAL ASSEMBLY THAT
THE STATE, TO THE EXTENT PERMITTED BY LAW OR AGREEMENT,
SHALL INSURE KITS OWN PROPERTIES]] THESE PROPERTIES
AGAINST CERTAIN RISKS AND PROVIDE FOR A CENTRALIZED
PROGRAM OF ADMINISTRATION AND MANAGEMENT OF THE
SELF-INSURANCE AND PURCHASED INSURANCE PROGRAM OF THE
STATE. [[IT IS THE FURTHER INTENT OF THE GENERAL ASSEMBLY
THAT TO THE EXTENT FEASIBLE THE SELF-INSURANCE PROGRAM