BLAIR LEE III, Acting Governor                        2237

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That section(s) of the Annotated Code of Maryland

(as enacted by Chapter _____ of the Acts of the General

Assembly of 1978) be repealed, amended, or enacted to read
as follows:

Article 73B — Pensions

85.

(7) A member may receive credit towards eligibility
for benefits provided under §86 of this subtitle for
out-of-state public school teaching service, nonpublic
school teaching service or postsecondary teaching service up
to a maximum of ten years if the member files a claim for it
with the board of trustees and pays into the retirement
system an amount equal to the reserves required to fund the
additional allowance for whatever years of out—of—state
and/or nonpublic school teaching service or postsecondary
teaching service as he may claim. The member may pay for
the reserves on an installment basis by contributing not
less that [5] 2 percent of current salary a year. [The
appropriate final adjustments shall be made in the year in
which the member retires.] ANY MEMBER ELECTING TO CONTRIBUTE
TOWARD THIS SERVICE WHO RETIRES BEFORE COMPLETING THE
PAYMENTS REQUIRED TO PURCHASE THIS SERVICE SHALL RECEIVE PRO
RATA CREDIT FOR SERVICE PURCHASED PRIOR TO THE DATE OF
RETIREMENT, BUT THE MEMBER MAY ELECT AT THE TIME OF
RETIREMENT TO MAKE AN ADDITIONAL LUMP SUM PAYMENT FOR THE
AMOUNT NECESSARY TO RECEIVE FULL CREDIT. In the event a
member dies in active service while paying for credit, and
if the credit qualifies for benefits under §86(8)(B) of this
subtitle, the surviving spouse may pay for the appropriate
final adjustment for such out-of-state or public school
teaching or postsecondary teaching service as he may have
claimed.

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

Approved May 16, 1978.

CHAPTER 764

(House Bill 1911)

AN ACT concerning

Constant Yield Tax Rate - Information Tax Bills

FOR the purpose of requiring each county and Baltimore City
that includes certain information on tax bills for the
1978-1979 fiscal year to include certain information

pertaining to the constant yield tax rate; and

requiring every county and Baltimore City to include