Ch. 403                          MARVIN MANDEL, Governor                               853

THE TREASURER AND THE STATE COMPTROLLER SHALL
DETERMINE THE MANNER OF TRANSFER OF THESE
APPROPRIATIONS TO THE FUND.

[[(D) ANY SUMS TRANSFERRED FROM THE STATE LOAN FUND
ACCOUNTS BY DIRECTION OF THE BOARD OF PUBLIC WORKS OUT
OF THE PROCEEDS OF THE BONDS AUTHORIZED TO BE ISSUED
UNDER CHAPTER—-OF THE ACTS OF 1973. (SENATE OR HOUSE BILL
NO. )]]

([[Ell) C ANY OTHER FUNDS APPROPRIATED TO THE FUND OR
AVAILABLE TO IT.

[[28.

ALL MONIES RECEIVED INTO THE FUND SHALL BE
ACCUMULATED UNTIL THE FUND EQUALS THE SUM OF FIVE
MILLION DOLLARS ($5,000,000). NO APPROPRIATIONS SHALL
THEREAFTER BE TRANSFERRED INTO THE FUND, EXCEPT FOR THE
PURPOSE OF MAINTAINING THE TOTAL AMOUNT OF THE FUND AT
FIVE MILLION DOLLARS ($5,000,000).]]

[[29]] 28.

THE FUND SHALL BE USED EXCLUSIVELY FOR THE PURPOSE OF
PAYING FOR LOSS OR DAMAGE TO STATE PROPERTY [[OR FOR
PAYMENT OF CLAIMS FOR STATE LIABILITY]] UNDER THE
PROVISIONS OF SECTION 25 OF THIS SUBTITLE AND SHALL NOT BE
USED FOR ANY OTHER PURPOSE.

[[30]] 29.

NOTWITHSTANDING THE PROVISIONS OF THIS SUBTITLE, THE
FIRST ONE THOUSAND DOLLARS ($1,000) OF VALUE OF EACH LOSS
OR DAMAGE OCCURRENCE FOR ANY STATE AGENCY SHALL BE
PAYABLE FROM THE APPROPRIATIONS MADE TO THE AGENCY IN
THE ANNUAL STATE BUDGET.

[[31.

WHENEVER A LOSS OR DAMAGE TO STATE PROPERTY OR A
CLAIM FOR STATE LIABILITY UNDER SECTION 25 SHALL EXCEED
THE AMOUNT OF MONIES IN THE FUND, THE TREASURER SHALL
REQUEST THE BOARD OF PUBLIC WORKS TO ISSUE THE BONDS
AUTHORIZED BY CHAPTER —OF THE ACTS OF 1973 (SENATE OR
HOUSE BILL NO. ) IN THE AMOUNT OF THE DIFFERENCE BETWEEN
THE MONIES IN THE FUND AND THE SUM OF FIVE MILLION
DOLLARS ($5,000,000).

32.

NOTWITHSTANDING THE PROVISIONS OF THIS SUBTITLE, THE
TREASURER SHALL DETERMINE WHICH PROPERTIES OF THE
STATE SHOULD BE INSURED AGAINST THE RISK OF LOSS OR
DAMAGE IN EXCESS OF FIVE MILLION DOLLARS ($5,000,000) AND
SHALL PURCHASE INSURANCE FOR THESE RISKS. THE INSURANCE
PURCHASED SHALL BE AWARDED UPON THE BASIS OF THE
LOWEST RESPONSIBLE BID THEREFOR. THE PREMIUM FOR THIS
INSURANCE SHALL BE APPROPRIATED TO THE TREASURER IN THE