3526                                     LAWS OF MARYLAND                                     Ch. 747

(B) [The board of trustees shall certify one
quarter of the amount so ascertained to the State Comptroller on
or before the last day of December, February, May and September.
The] AS PAYROLLS ARE PAID THE Comptroller shall[, on or before
the first day of January, March, June and October,] draw a
warrant or warrants on the State Treasurer, [for the respective
amounts due the retirement system.] IN THE AMOUNTS CHARGED
AGAINST THE BUDGETS OF THE VARIOUS STATE AGENCIES PURSUANT TO
SECTION 16A OF THIS ARTICLE, FOR THE EMPLOYERS' CONTRIBUTIONS TO
THIS RETIREMENT SYSTEM. On the receipt of the warrant of the
Comptroller, the State Treasurer shall immediately transfer to
the retirement system the amounts due.

16A.

Beginning in the fiscal year [1958] 1985 and continuing each
year thereafter the Comptroller of the treasury shall compute for
every department, board, bureau, commission or other agency of
the State government [which is supported in whole or in part by
funds other than general funds that amount which] THE AMOUNTS TO
BE CHARGED TO THE APPROPRIATION OF such department, board,
bureau, commission or other agency [shall pay] as the employer's
share of employee retirement cost which is chargeable to the
funds [other than general funds] of such department. The
Comptroller shall make such computation using the total [rate]
RATES of contributions as set by the actuary of the Employees'
Retirement System of the State of Maryland PURSUANT TO SECTION
162 [for the general fund payments by the State to the
retirement system. It is intended that]. THE contributions for
retirement from all funds shall be calculated and paid on the
same basis and at the same rate.

89.

All of the assets of the retirement system shall be credited
according to the purpose for which they are held to one of three
funds, namely, the Annuity Savings Fund, the Accumulation Fund,
and the Expense Fund.

(4) (A) (1) On or before the first day of [November]
DECEMBER next preceding each regular meeting of the General
Assembly of Maryland the board of trustees shall certify to the
State Superintendent of Schools, THE RATES TO BE USED IN
DETERMINING the amounts which will become due and payable during
the year next following each of the funds of the retirement
system together with a statement of the percentage of the payroll
of all members, which is equivalent to the total amount. To this
amount the State Superintendent of Schools shall add an amount
equal to such percentage of the payroll of teachers who are
members of local retirement funds in the city and counties of the
State, who are excluded from membership in this retirement system
as provided in § 83 of this subtitle, [but (until June 30, 1969),
not in excess of the percentage certified for this retirement
system, as such respective cities or counties may have