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MARVIN MANDEL, Governor 2287
ANY APPEAL, ANY MONEY PAID BY THE TAXPAYER IS EXCESS OF
THE AMOUNT PROPERLY CHARGEABLE UNDER THE DETERMINATION,
SHALL BE REFUNDED WITH INTEREST AT THE SAME RATE OF
INTEREST WHICH TAXES BEAR THAT ARE DETERMINED TO BE
OVERDUE AND IN ARREARS, AS PROVIDED IN THIS ARTICLE. THE
SOURCES Or REFUND SHALL BE A3 SPECIFIED IN THE APPLICABLE
PROVISIONS OF SECTIONS 213 THROUGH 219, INCLUSIVE, OF
THIS ARTICLE.
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SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1977.
Approved May 17, 1977.
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CHAPTER 458
(House Bill 622)
AN ACT concerning
State Treasurer - Investments
FOR the purpose of authorizing the Treasurer of the State
under certain circumstances to invest and reinvest
moneys of the State in bonds and notes issued by the
Maryland Environmental Service and requiring Board
of Public Works approval of certain investments or
reinvestments.
BY adding to
Article 95 — Treasurer
Section 23A
Annotated Code of Maryland
(1969 Replacement Volume and 1976 Supplement)
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SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That new Section 23A be and it is hereby added
to Article 95 - Treasurer, of the Annotated Code of
Maryland (1969 Replacement Volume and 1976 Supplement) to
read as follows:
Article 95 - Treasurer
23A.
NOTWITHSTANDING ANY PROVISIONS OR LAW TO THE
CONTRARY, THE TREASURER MAY INVEST AND REINVEST
UNEXPENDED OR SURPLUS MONEYS OF THE STATE IN BONDS,
NOTES, OR OTHER OBLIGATIONS OF INDEBTEDNESS ISSUED BY THE
MARYLAND ENVIRONMENTAL SERVICE FOR SUPPORT OF CAPITAL
PROJECTS FOR WHICH ANY FEDERAL FUNDS HAVE BEEN COMMITTED
BUT NOT YET ACTUALLY RECEIVED. THE INVESTMENT MAY NOT
EXCEED THE AMOUNT OF COMMITTED FEDERAL FUNDS AND SHALL BE
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