HARRY HUGHES, Governor

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and his employees for the prevention of accidents, and any other
facts or conditions bearing upon the security and promptness of
payment of the compensation and the prevention of accidents.

(f) Any employer who has deposited securities with
the Commission in accordance with the provisions of this section
and the requirements of the Commission, to secure his liability
to pay compensation to his employees, and who thereafter ceases
to be an employer subject to the provisions of this article, or
secures compensation to his employees by insuring in the State
Accident Fund, or with a corporation or association authorized to
transact the business of workmen's compensation insurance of this
State, shall, upon application, be entitled to the return of said
deposited securities, if, within the period of 5 years from the
date he ceased to be an employer subject to the provisions of
this article, or the date upon which he first secured
compensation to his employees in the manner above set forth, no
claim has been made against said employer for which he was liable
as a self-insurer. Provided, however, the Commission after
reviewing any application for the return of said securities shall
have the right to require the applicant to execute and deliver to
the Commission a corporate or personal indemnity bond in the
amount of the value of the securities to be released.

(4) BY PARTICIPATION IN A SELF-INSURANCE GROUP THAT MEETS
THE REQUIREMENTS OF ARTICLE 48A, SUBTITLE 43 OF THE CODE.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1986.

Approved May 27, 1986.

CHAPTER 716

(House Bill 241)

AN ACT concerning

Homeowners' and Renters' Property Tax Credit Programs

FOR the purpose of altering the formula for calculating credits
available under the State program of property tax credits
for certain renters; and altering the formula for
calculating credits available under the State program of
property tax credits for homeowners; and providing for a
delayed effective date; and providing for the application of
this Act to certain taxable years.

BY repealing and reenacting, with amendments,
Article - Tax - Property