346

LAWS OF MARYLAND

Ch. 162

its other deposits, [said] THE free shares and deposits
to be totaled as of December 31 of each and every year,
and shall certify the [said] amount due to the State to
the Comptroller of the Treasury as other state taxes.
Such tax shall be payable without interest at any time on
or before April 15, of each and every year, commencing on
April 15, 1962, and if [such tax be not] THE TAX IS NOT
paid as above provided, then the [said] tax shall
thereafter bear interest at the rate of [one half of one
percent (1/2 of 1%)] 3/4 OF 1 PERCENT for each month or
fraction of a month, and if [such tax be not] THE TAX IS
NOT paid before the first day of December following, a
penalty of five percent [(5%)] on the amount thereof
shall be added[: Provided, however, that if]. IF by
reason of any law of any foreign jurisdiction an
association chartered in this State and doing business in
such other jurisdiction is required to pay a franchise
tax to [said] THE foreign jurisdiction based upon its
free shares purchased in the State of Maryland, then the
tax imposed by this section shall be reduced to the
extant of such additional franchise tax [so] paid to
[said] THE foreign jurisdiction.

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

Approved April 13, 1976.

CHAPTER 163

(House Bill 344)

AN ACT concerning

Student Teachers and Student Interns —
Workmen's Compensation

FOR the purpose of making a cross—reference to the
Workmen's Compensation Article of certain provisions
of the law which designate student teachers and
student, interns as agents of the local boards of
education for certain purposes.

BY adding to

Article 101 - Workmen's Compensation

Section 21(b)(10)

Annotated Code of Maryland

(1964 Replacement Volume and 1975 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That new Section 21 (b) (10) be and it is hereby
added to Article 101 — Workmen's Compensation, of the