HARRY HUGHES, Governor

2513

abandoned project have been issued at the end of that
two-year period, the unused proceeds specified for the
abandoned project shall be transferred to the Annuity Bond
Fund and applied to the debt service requirements of the
State. To the extent that bonds evidencing the portion of
the loan authorized by Chapter 195 of the Acts of 1973,
Chapter 289 of the Acts of 1974, Chapter 886 of the Acts of
1975, Chapter 914 of the Acts of 1976, or Chapter 795 of the
Acts of 1978 attributable to an abandoned project have not
been issued at the end of that two-year period, the total
bonds authorized by that Act, but not yet issued, shall be
reduced by the amount specified for the abandoned project.

SECTION 13. AND BE IT FURTHER ENACTED, That this Act
shall take effect June 1, 1980.

Approved May 27, 1980.

CHAPTER 723

(Senate Bill 724)

AN ACT concerning

Vessels - Dealer's License - Revocation or Suspension

FOR the purpose of allowing the Department of Natural
Resources to suspend or revoke the license of certain
dealers of vessels.

BY repealing and reenacting, with amendments,

Article - Natural Resources
Section 8-710(d)
Annotated Code of Maryland
(1974 Volume and 1979 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be repealed, amended, or enacted to read as follows: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 - Natural Resources

8-710.

(d) (1) The Department may refuse to issue a license
or, after written notice to the licensee and a hearing, may
cancel a license when it determines that the applicant or
licensee has failed to comply with the provisions of this
subtitle.