2326

LAWS OF MARYLAND

Ch. 674

ARTICLE V
DURATION OF AGREEMENT

14 TERM

THE DURATION OF THIS AGREEMENT SHALL BE FOR AN INITIAL
PERIOD OF 10 YEARS FROM ITS EFFECTIVE DATE, AND IT SHALL BE
CONTINUED FOR ADDITIONAL PERIODS OF 10 YEARS UNLESS ONE OR
MORE OF "HE SIGNATORY STATES, BY AUTHORITY OF AN ACT OF ITS
LEGISLATURE NOTIFIES THE COMMISSION OF INTENTION TO
TERMINATE THE AGREEMENT AT THE END OF THE CURRENT 10-YEAR
TERM; PROVIDED, HOWEVER, THAT ANY SIGNATORY, BY ACT OF ITS
LEGISLATURE, CAN WITHDRAW FROM THE AGREEMENT AT THE END OF
ANY CALENDAR YEAR OR FISCAL YEAR.

15. DISSOLUTION.

IN THE EVENT THAT THIS AGREEMENT SHALL BE TERMINATED BY
OPERATION OF SECTION 14 HEREOF THE COMMISSION SHALL BE
DISSOLVED, ITS ASSETS AND LIABILITIES TRANSFERRED, AND ITS
CORPORATE AFFAIRS WOUND UP IN ACCORDANCE WITH THE UNANIMOUS
AGREEMENT OF ITS SIGNATORIES, OR FAILING UNANIMOUS
AGREEMENT, IN SUCH MANNER THAT THE ASSETS AND LIABILITIES OF
THE COMMISSION SHALL BE SHARED BY THE RESPECTIVE STATES.

SECTION 2. AND BE IT FURTHER ENACTED, That the General
Assembly of Maryland authorizes and directs the Governor of
the State of Maryland to execute the Bistate Agreement on
the Chesapeake Bay on behalf of this State.

SECTION 3. AND BE IT FURTHER ENACTED, That this Act
may not take effect until a similar Act is passed by the
Commonwealth of Virginia; that the Commonwealth of Virginia
is requested to concur in this Act of the General Assembly
of Maryland by the passage of a similar Act; and that upon
that event the Governor of the State of Maryland shall issue
a proclamation declaring this Act valid and effective.

Approved May 20, 1980.

CHAPTER 675

(House Bill 1820)

AN ACT concerning

Transportation - Distribution of Highway User Revenues

FOR the purpose of reducing authorizing the Secretary of the
Department of Transportation to reduce highway user
revenues by that amount necessary to bring the county