1908                                 LAWS OF MARYLAND                               Ch. 530

1968" REVISED AS OF JANUARY 1, 1980, ARE ONLY ELIGIBLE FOR
STATE FUNDING IN ACCORDANCE WITH SUBSECTION (D) OF THIS
SECTION.

(B) (1) SUBJECT TO THE APPROPRIATION REQUIREMENTS AND
BUDGETARY PROVISIONS OF § 3 216(D) AND UPON RECEIPT OF AN
APPROVAL OF A GRANT APPLICATION IN SUCH FORM ANT DETAIL AS
THE SECRETARY SHALL REASONABLY REQUIRE THE DEPARTMENT SHALL
PROVIDE FOR ANNUAL GRANTS TO THE WASHINGTON SUBURBAN TRANSIT
DISTRICT FOR A SHARE OF THE OPERATING DEFICITS OF THE
REGIONAL TRANSIT SYSTEM FOR WHICH THE DISTRICT IS
RESPONSIBLE. "OPERATING DEFICIT" MEANS OPERATING COSTS
LESS: OPERATING REVENUES OR 50 PERCENT OF THE OPERATING
COSTS, WHICHEVER IS GREATER, LESS ALL FEDERAL OPERATING
ASSISTANCE.

(I)  THE GREATER OF OPERATING REVENUES OR
50 PERCENT OF THE OPERATING COSTS; AND

(II)  ALL FEDERAL OPERATING ASSISTANCE.

(2) THE DEPARTMENT'S SHARE SHALL EQUAL 75
PERCENT OF THE OPERATING DEFICIT.

(C) SUBJECT TO THE APPROPRIATION REQUIREMENTS AND
BUDGETARY PROVISION OF § 3-216(D) OF THIS ARTICLE, THE
DEPARTMENT SHALL PROVIDE FOR GRANTS TO THE WASHINGTON
SUBURBAN TRANSIT DISTRICT IN AN AMOUNT EQUAL TO 75 PERCENT
OF THE NET DEBT SERVICE ASSIGNED TO THE WASHINGTON SUBURBAN
TRANSIT DISTRICT ON REVENUE BONDS ISSUED BY THE WASHINGTON
METROPOLITAN AREA TRANSIT AUTHORITY PRIOR TO JULY 1, 1979.

[(b)] (D) A grant by the Department to the Washington
Suburban Transit District in excess of the [above schedule]
PROVISIONS OF SUBSECTION (A) OF THIS SECTION may be made
only after approval by the Secretary.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1980.

SECTION 2. AND BE IT FURTHER ENACTED, That the
effectiveness of this Act is contingent upon the passage of
either H.B. 1737 or S.B. 783 of 1980. If neither of these
bills should be passed, the provisions of this Act are null
and void without the need of further action by the General
Assembly.

SECTION 3. AND BE IT FURTHER ENACTED, That, subject to
the provisions of Section 2 of this Act, this Act shall take
effect July 1, 1980.

Approved May 20, 1980.