1678                                         LAWS OF MARYLAND                        [Ch. 433

SYSTEM BUT SHALL NOT BE INCLUDED FOR THE PURPOSES OF
COMPUTING FEDERAL OR STATE TAXES WITHHELD ON BEHALF OF
ANY SUCH EMPLOYEE.

70.

THE PROVISIONS OF ARTICLE 95 AND ANY OTHER LAW
LIMITING THE TYPES OF INVESTMENTS WHICH MAY BE MADE OF
STATE FUNDS OR LIMITING OR PLACING CONDITIONS UPON THE
DEPOSIT OF STATE FUNDS SHALL NOT BE APPLICABLE TO THE
DEPOSIT AND INVESTMENT OF HONEYS DEFERRED PURSUANT TO
THIS SUBTITLE, TO THE END THAT SUCH MONEYS MAY BE
DEPOSITED AND INVESTED IN ACCORDANCE WITH THE INVESTMENT
ELECTIONS PERMITTED UNDER THE PLAN.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect June 1, 1974.

Approved April 30, 1974.

CHAPTER 434
(House Bill 251)
AN ACT concerning

Income Tax — Jeopardy Assessments

FOR the purpose of authorizing the Comptroller or his
authorized representative to make jeopardy
assessments under certain circumstances.

BY adding to

Article 81 — Revenue and Taxes

Section 309(e)

Annotated Code of Maryland

(1969 Replacement Volume and .1973 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That new Section 309(e) be and it is hereby
added to Article 81 — Revenue and Taxes, of the Annotated
Code of Maryland (1969 Replacement Volume and 1973
Supplement) to read as follows:

Article 81 - Revenue and Taxes
309.