6

LAWS OF MARYLAND

Ch. 2

Article - Transportation

3-215.

(E) (1) IN THIS SUBSECTION "GOVERNMENT OBLIGATIONS" MEANS

DIRECT OBLIGATIONS OF, OR OBLIGATIONS THE PRINCIPAL OF AND

INTEREST ON WHICH ARE UNCONDITIONALLY GUARANTEED BY THE UNITED
STATES OF AMERICA.

(2)  ADEQUATE AND COMPLETE PROVISION FOR PAYMENT OF
THE PRINCIPAL AND INTEREST OF ANY ISSUE OR SERIES OF CONSOLIDATED
TRANSPORTATION BONDS MAY BE MADE BY THE SECRETARY AND THE STATE
TREASURER BY MAKING A TRANSFER OF GOVERNMENT OBLIGATIONS FROM THE
TRANSPORTATION TRUST FUND TO THE STATE TREASURER OR TO A BANK OR
TRUST COMPANY AS ESCROW FUND AGENT IN AN AMOUNT WHICH, TOGETHER
WITH THE INCOME DUE THEREON, WILL BE SUFFICIENT TO PAY IN FULL
WHEN DUE THE MATURING PRINCIPAL OF AND INTEREST ON THE
CONSOLIDATED TRANSPORTATION BONDS.

(3)  TO THE EXTENT THAT ADEQUATE AND COMPLETE
PROVISION HAS BEEN MADE FOR THE PAYMENT OF CONSOLIDATED
TRANSPORTATION BONDS UNDER THIS TITLE THOSE BONDS SHALL NO LONGER
BE DEEMED TO BE OUTSTANDING AND UNPAID UNDER THIS TITLE.

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

Approved February 21, 1986.

CHAPTER 2

(House Bill 1560)

AN ACT concerning

Savings and Loan Associations - Special Counsel

FOR the purpose of extending the term of the Office of Special
Counsel continuing the Office of Special Counsel as a unit
within the Executive Department for a certain period of time
for certain purposes; providing for an expansion of Special
Counsel's subpoena powers to include personal records and
documents; authorizing the Special Counsel to share certain
records or testimony with certain persons; providing that
the sharing of certain records or testimony does not
constitute a waiver of certain privileges or rights; and
making this Act an emergency measure.

BY repealing and reenacting, with amendments,

Article - State Government