MARVIN MANDEL, Governor                                      1195

(A) IN THIS SUBTITLE, THE FOLLOWING WORDS HAVE
THE MEANINGS INDICATED.

REVISOR'S NOTE: This subsection presently appears
as the first clause of Article 66C, section
756A of the Code. The only changes made
are in style.

(B) "BENEFITED PROPERTY" MEANS LAND IMMEDIATELY
ABUTTING THE WATERS OF THE STATE PROTECTED BY AN
EROSION CONTROL PROJECT CONSTRUCTED UNDER THE
PROVISIONS OF THIS SUBTITLE. ALSO, IT MAY INCLUDE
LAND IN THE VICINITY OF THE WATERS OF THE STATE
PROTECTED BY THE EROSION CONTROL PROJECT WHEN THE
OWNER OF THE LAND HAS RIGHTS OF ACCESS TO IT
IMMEDIATELY ABUTTING THE WATERS AND THE OWNER IS A
PARTY TO THE AGREEMENT REFERRED TO IN SECTION 8-1005
IN THIS SUBTITLE.

REVISOR'S NOTE: This subsection is new language
derived from the last clause of Article
66C, section 758A(c) of the Code. It was
separated from that section and placed here
as a definition provision.

(C)    "FUND" MEANS THE SHORE EROSION CONTROL
CONSTRUCTION LOAN FUND.

REVISOR'S NOTE: This subsection is new language
inserted to avoid the repetitive use of the
phrase "Shore Erosion Control Construction
Loan Fund".

(D)   "NET PROJECT CONSTRUCTION COST" MEANS THE
PART OF THE PROJECT CONSTRUCTION COST PAID FROM THE
FUND, EQUAL TO THE PROJECT CONSTRUCTION COST LESS THE
CASH CONTRIBUTION OF THE OWNER OF THE BENEFITED
PROPERTY UPON COMPLETION OF CONSTRUCTION.

REVISOR'S NOTE: This subsection presently appears
as Article 66C, section 756A (c) of the
Code. The only changes made are in style.

(E)   "PROJECT CONSTRUCTION COST" MEANS TOTAL
INITIAL COST TO CONSTRUCT A SHORE EROSION CONTROL
PROJECT, EXCLUSIVE OF DESIGN, SUPERVISION, INSPECTION,
AND MAINTENANCE COSTS.

REVISOR'S NOTE: This subsection presently appears
as Article 66C, section 756A(b) of the
Code. The only changes made are in style.