MARVIN MANDEL, Governor

1853

than 55% of market value, the assessed valuation of those
categories of real property which are estimated to be
assessed at more or less than 55% of market value, on the
basis of surveys made pursuant to § 232 (14) of Article
81, which shall be reported as of a date not later than
November 1 of the calendar year preceding the fiscal year
for which the calculation is being made, shall be
adjusted to 55%. The adjustment provided for herein
shall not apply to public utility operating property.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1976.

Approved May 17, 1976.

CHAPTER 675

(House Bill 753)

AN ACT concerning

Vehicle Laws — School Vehicles

FOR the purpose of modifying the definition of school
vehicles; providing for alternative registration of
certain school vehicles; and making certain style
changes.

BY repealing and reenacting, with amendments,

Article 66 1/2 - Vehicle Laws

Section 1-181 (a) and (b)

Annotated Code of Maryland

(1970 Replacement Volume and 1975 Supplement)

BY adding to

Article 66 1/2 — Vehicle Laws

Section 3-401.1(c)

Annotated Code of Maryland

(1970 Replacement Volume and 1975 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That Sections 1-181 (a) and (b) of Article 66
1/2 — Vehicle Laws, of the Annotated Code of Maryland
(1970 Replacement Volume and 1975 Supplement) be and they
are hereby repealed and reenacted, with amendments, to
read as follows:

Article 66 1/2 - Vehicle Laws