WILLIAM DONALD SCHAEFER, Governor Ch. 11

All income, interest and dividends derived therefrom which, when
combined with the regular amounts otherwise contributable by the
State, exceed the amount required to provide such obligations,
shall be used to reduce the regular appropriations otherwise
required[, except as otherwise provided in § 56(2)(f) of this
article].

DRAFTER'S NOTE: This deletes an obsolete cross-reference in
Article 88B, § 59.

The cross-referenced subsection, originally Article
88B, § 56(3)(j), at one time permitted the writing up
of the book value of the common stock portions of the
assets held by the retirement system, within limits,
and required one-half of the amount of the write-up to
be offset against employer contributions and the other
half of the write-up to be accumulated in a special
account to be used to provide benefit improvements.
Ch. 632 of the Acts of 1978 deleted those provisions,
thereby making the cross-reference to § 56 obsolete.

The obsolete nature of the cross-reference was noted
by the Chief Counsel to the General Assembly in his
May 3, 1986 bill review letter to the Director of the
Department of Legislative Reference of Ch. 5 of the
Acts of 1986.

Article 89 - Division of Labor and Industry

4.

If mediation cannot be effected as provided for in § 3 of
this article, the Commissioner, or [such] A person officially
connected with [his office may be by him] THE COMMISSIONER'S
OFFICE, deputized BY THE COMMISSIONER in writing, may, at his
discretion, endeavor to secure the consent of the parties to the
controversy or dispute to the formation of a board of
arbitration!, which board]. THE BOARD OF ARBITRATION shall be
composed of one employer and one employee engaged in the same or
similar occupation to the one in which the dispute exists, but
who are not parties to the controversy or dispute, and [to be]
WHO ARE selected by the respective parties to the controversy[;
the]. A third arbitrator may be selected by the two first-named
arbitrators[, and said third arbitrator so selected] AND, IF
SELECTED, shall be president of the board of arbitration[; and
upon]. ON the failure of the two first-named arbitrators[, as
aforesaid, ] to agree upon the third arbitrator, [then] the
Commissioner shall act as THE third arbitrator, or he may
deputize, in writing, some person officially connected with the
[Department] DIVISION of Labor and Industry to [so] act AS THE
THIRD ARBITRATOR, and the [said] Commissioner, or the person [who
may be] deputized by him, shall act as president of [said] THE
board.

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