1760

LAWS OF MARYLAND

Ch. 640

(2) FOR TUITION CHARGES ONLY.

18-1206.

EACH RECIPIENT OF A POSTSECONDARY PROPRIETARY STUDENT
GRANT MAY HOLD THE GRANT FOR 2 YEARS IF THE STUDENT:

(1)   CONTINUES TO BE A RESIDENT OF THIS STATE;

(2)   CONTINUES TO BE ENROLLED IN A FULL-TIME
PROGRAM;

(3)   IN THE JUDGMENT OF THE INSTITUTION, IS
MAKING SATISFACTORY PROGRESS TOWARD A CERTIFICATE OF
COMPLETION; AND

(4)   CONTINUES TO DEMONSTRATE A FINANCIAL NEED.

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

Approved May 29, 1979.

CHAPTER 641

(House Bill 1444)

AN ACT concerning

Inheritance Tax — Lineal Descendants

FOR the purpose of providing that a bequest made of assets
to a corporation of which all the stockholders are
lineal descendants of the testator shall be taxed at
the same rate as if the bequest had been made directly
to the stockholders.

BY repealing and reenacting, with amendments,

Article 81 — Revenue and Taxes

Section 149

Annotated Code of Maryland

(1975 Replacement Volume and 1978 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That section(s) of the Annotated Code of Maryland
be repealed, amended, or enacted to read as follows:

Article 81 - Revenue and Taxes

149.