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3383
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MARVIN MANDEL, Governor
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(I) THE APPRAISED VALUE OF THE LAND;
(II) The consideration that the
Administration or Commission originally paid for the
land, plus reasonable interest and administrative costs.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1977.
Approved May 26, 1977.
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CHAPTER 877
(Senate Bill 188)
AN ACT concerning
Pension Legislation — Actuarial Analysis
FOR the purpose of requiring the General Assembly to
request the Department of Fiscal Services to obtain
an actuarial analysis for bills or joint resolutions
changing the funding of the State pension systems;
providing for inclusion of the analysis with the
fiscal note on these bills or resolutions; providing
for waivers of the actuarial analysis; and requiring
the actuarial analysis or a waiver for final passage
of prior to a vote of a standing committee on
pension bills and resolutions.
BY adding to
Article 40 — General Assembly
Section 66
Annotated Code of Maryland
(1971 Replacement Volume and 1976 Supplement)
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SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That new Section 66 be and it is hereby added
to Article 40 - General Assembly, of the Annotated Code
of Maryland (1971 Replacement Volume and 1976 Supplement)
to read as follows:
Article 40 - General Assembly
66.
(A) ANY STANDING COMMITTEE OF THE GENERAL ASSEMBLY
SHALL REQUEST THE DEPARTMENT OF FISCAL SERVICES TO OBTAIN
AN ACTUARIAL ANALYSIS OF ANY BILL OF RESOLUTION AFFECTING
THE FUNDING OF ANY OF THE STATE PENSION SYSTEMS. THE
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