1596

LAWS OF MARYLAND

Ch. 562

(2)    Upon the member's death, the reduced
retirement allowance shall be continued throughout the life
of and paid to such person nominated by written designation
duly acknowledged and filed with the board of trustees at
the time of retirement; or

(3)    Upon the member's death, one half of the
reduced retirement allowance shall be continued throughout
the life of and paid to such person nominated by the
member's written designation duly acknowledged and filed
with the board of trustees at the time of retirement; or

(4)    Some other benefit or benefits shall be
paid either to the member or to such person or persons
nominated, if those other benefit or benefits, together with
the reduced retirement allowance, are certified by the
actuary to be of equivalent actuarial value to the
retirement allowance, and are approved by the board of
trustees.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 19 79.

Approved May 29, 1979.

CHAPTER 563

(House Bill 574)

AN ACT concerning

Outdoor Recreation Land Loan of 1969

FOR the purpose of reducing the authorized aggregate amount
of the Outdoor Recreation Land Loan of 1969.

BY repealing and reenacting, with amendments,

Chapter 403 of the Laws of Maryland of 1969
Section 1 and 2

(As last amended by Chapter 564 of the Laws of Maryland
of 1975)

Preamble

There has been established a program to finance the
acquisition of land and the development of that land by the
State and its subdivisions for outdoor public recreational
and open space purposes, this program being known as
"Program Open Space".