HARRY HUGHES, Governor

3303

previously listed herein, and with the approval of the county
council, in any enterprise fund operated by and for the benefit
of Prince George's County and its residents. Such deposits in
banks or in savings and loan associations or building and loan
associations shall only be made if the bank or savings and loan
associations or building and loan associations has deposited a
like amount of bonds in escrow, as now prescribed by law,
covering bank deposits, savings and loan deposits, building and
loan deposits, or if the bank, savings and loan association or
building and loan association has given as security for these
deposits any of the types of collateral set forth in [§ 21A of
this article] § 6-202 OF THE STATE FINANCE AND PROCUREMENT
ARTICLE. The interest or income from any such investment or
deposit shall be and become a part of the fund from which the
investment or deposit was made and may itself be so invested or
deposited, provided, however, that where the fund so invested, or
deposited constitutes the proceeds of the issue of bonds or other
obligations, the principal of and/or interest on which the issuer
is obligated to repay to the holders thereof, the interest or
income from such investments may be used to pay the principal
and/or interest on the same by the issuer. Investments or
deposits made pursuant to this section may be withdrawn or
altered from time to time by the investing or depositing officer
or governing body either to meet the requirements for which such
funds are held or for reinvestment pursuant to the terms hereof.

All such investments made prior to March 2, 1943, are hereby
legalized, validated, ratified and confirmed, notwithstanding the
absence of statutory authority therefor or any inconsistent
provision of law.

22G.

(b)  The Treasurer shall invest moneys in the local
government investment pool in accordance with the provisions set
forth in [§ 22F of this article] §§ 6-222 AND 6-223 OF THE STATE
FINANCE AND PROCUREMENT ARTICLE.

Article 95A - Unemployment Insurance Law

14.

(c)  There is hereby created in the State treasury a special
fund to be known as the Special Administrative Expense Fund. All
interest, fines and penalties collected under the provisions of
this article, including fines imposed under [§]§ 17(a), [17](b)
[and 17], OR (c) of this article, together with any voluntary
contributions tendered as a contribution to this fund, shall be
paid into this fund. Said moneys shall not be expended or
available for expenditure in any manner which would permit their
substitution for (or a corresponding reduction in) federal funds
which would in the absence of said moneys be available to finance
expenditures for the administration of the Unemployment Insurance
Law. But nothing in this section shall prevent said moneys from
being used as a revolving fund, to cover expenditures (necessary
and proper under the law) for which federal funds have been duly