1846                                          LAWS OF MARYLAND                        [Ch. 535

matching contributions to the retirement system as it
would have made had the person in fact belonged to the
system from June 1, 1949, to the date upon which he
becomes a member under the provisions of this section,
together with regular interest thereon. Provided,
however, that the payment by the State of such matching
contributions and also its payment of the prior service
credit may together be paid at such and in such amounts
as may be recommended by the actuary for the retirement
system.

56.

(2) (i) All interest and dividends earned on the
funds of the retirement system shall be credited to the
Accumulation Fund. The amounts needed to allow regular
interest on the reserves in the Annuity Savings Fund[, ]
shall be transferred in accordance with the provisions of
this article to said fund from the Accumulation Fund.

(4) On or before the first day of November next
preceding each regular meeting of the General Assembly of
Maryland, the board of trustees shall certify to the
Governor the amounts which will become due and payable
during the year next following to each of the funds [of
the funds] of the retirement system. The amount thus
ascertained shall be included in the budget bill which is
submitted to the General Assembly.

The board of trustees shall certify one quarter of
the amount so ascertained for each year to the State
Comptroller on or before the last day of December,
February, May and September. The Comptroller shall, on
or before the first day of January, March, June and
October, draw a warrant or warrants on the State
Treasurer for the respective amounts due the retirement
system. On the receipt of the warrant of the
Comptroller, the State Treasurer shall immediately
transfer to the retirement system the amounts due.

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

Approved April 30, 1974.

CHAPTER 536
(House Bill 1318)
AN ACT concerning