Ch. 584                                    LAWS OF MARYLAND

consultation with the President of the Senate and the Speaker of

the House.

SECTION 6. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1987.                                                                       

BY repealing and reenacting, with amendments,

Article 101 - Workmen's Compensation

Section 70, 71, 74, 75, 76(a), 77(b) and (c), 79, 80, and 83

Annotated Code of Maryland

(1985 Replacement Volume and 1986 Supplement)

BY repealing

Article 101 - Workmen's Compensation
Section 78
Annotated Code of Maryland
(1985 Replacement Volume and 1986 Supplement)

By adding to

Article 101 - Workmen's Compensation
Section 78

Annotated Code of Maryland
(1985 Replacement Volume and 1986 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Article 101 - Workmen's Compensation

There shall be [as part of the Department of Personnel] a
"State Accident Fund," for the purpose of insuring employers
against liability under this article. The State Accident Fund may
also issue employer's liability insurance and may pay benefits
equal to the benefits allowable and payable under the District of
Columbia compensation law, or allowable and payable under any
other state or federal compensation law applicable the case.
Such fund shall consist of all premiums or taxes received and
paid into the fund and of property and securities acquired and
interest earned through the use of moneys belonging to the Fund.
Said Fund shall be applicable to the payment of losses sustained
on account of insurance and to the payment of expenses in the
manner provided in this article. Within ninety days after the
close of each fiscal year of the State Accident Fund, the
commissioners thereof shall ascertain the expense incurred in

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70.