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LAWS OF MARYLAND

Ch. 213

permission if personal leave is requested for observance of
religious holidays.

(5) Each classified employee, upon termination
from the classified service other than by retirement, shall
forfeit any accumulated sick leave. Upon termination by
retirement, each classified employee is entitled to have his
accumulated sick leave days added to his creditable service
for the purposes of determining his retirement benefits
under Article 73B of this Code. A State employee who came
into the State system while retaining sick leave and annual
leave benefits under a county system and who came under the
provisions of Chapter 123 of the Acts of 1971 shall be
entitled to the same full credit toward retirement as
provided by this section.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1978.

Approved May 2, 1978.

CHAPTER 214

(Senate Bill 232)

AN ACT concerning

Associations

FOR the purpose of permitting certain savings and loan
associations to invest in mortgages on property
situated within a fifty—mile radius of any principal or
branch office and to invest in participating
certificates issued by the Federal Home Loan Mortgage
Corporation.

BY repealing and reenacting, with amendments,

Article 23 — Miscellaneous Companies

Section 16 12 (a) (2)

Annotated Code of Maryland

(1973 Replacement Volume and 1977 Supplement)

BY adding to

Article 23 - Miscellaneous Companies

Section 161Z(a)(15)

Annotated Code of Maryland

(1973 Replacement Volume and 1977 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF

MARYLAND, That section(s) of the Annotated Code of Maryland