2306                                        LAWS OF MARYLAND                     [Ch. 404

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1975.

Approved April 22, 1975.

CHAPTER 405
(House Bill 111)

AN ACT concerning

Shore Erosion Control                             

FOR the purpose of increasing the amount of interest free
loans the Department may make to property owners for
the construction of shore erosion control
structures.

BY repealing and re—enacting, with amendments,

Article — Natural Resources
Section 8-1005(a)
Annotated Code of Maryland
(1974 Volume and 1974 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That Section 8-1005(a) of Article - Natural
Resources, of the Annotated Code of Maryland (1974 Volume
and 1974 Supplement) be and it is hereby repealed and
re—enacted, with amendments, to read as follows:

Article — Natural Resources

8-1005.

(a) The "Shore Erosion Control Construction Loan
Fund" is created and continued. The Department shall
administer the Fund solely to provide interest—free loans
to persons, municipalities, or counties for construction
of shore erosion structures. The Fund shall be
maintained by:

(1) Repayments of principal on loans made from
the Fund, with the repayments made through a special real
estate tax the State levies on privately owned property
benefited by shore erosion control projects. The tax
shall compensate the State for net project construction
cost. The tax may be levied at a uniform rate over a