WILLIAM DONALD SCHAEFER, Governor

Ch. 742

Chapter 674 of the Acts of 1983,
as amended by Chapter 533 of the Acts of 1984.

SECTION 2. AND BE IT FURTHER ENACTED, That, [subject to
Section 2-1312 of the State Government Article, The Department
shall prepare and submit to the General Assembly, on or before
February 1 of each year, a full report of the operation of the
Motorcycle Safety Program for the preceding fiscal year. The ]
THE General Assembly shall evaluate use these reports to evaluate
the Motorcycle Safety Program every three years beginning July 1,
1988, to determine USE THESE REPORTS TO EVALUATE THE MOTORCYCLE
SAFETY PROGRAM EVERY THREE YEARS BEGINNING JULY 1, 1988, TO
DETERMINE the cost effectiveness of the Motorcycle Safety Program
in Maryland and the validity of continuing financial support of
this program by the State. IF THE GENERAL ASSEMBLY'S EVALUATION
INDICATES THAT THE MOTORCYCLE SAFETY PROGRAM IS NOT COST
EFFECTIVE AND CONTINUES FINANCIAL SUPPORT IS NOT WARRANTEE, THE
GENERAL ASSEMBLY SHALL PASS LEGISLATION TO REPEAL THIS ACT.
[Unless action to the contrary is taken by July 1, 1988, the
provisions of this Act are hereby repealed effective July 1,
1989. ]

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1987.

Approved June 2, 1987.

CHAPTER 74 2

(House Bill 1464)

AN ACT concerning

State General Obligation Bonds - Administration, Management,
Investment, Accounting of Bond Proceeds and Rebate Payments

FOR the purpose of directing the Treasurer and the Comptroller to
take certain actions with respect to the administration,
management, investment and accounting of the proceeds of
State general obligation bonds and to maintain certain
records and make certain filings; directing the Treasurer to
establish and maintain a separate rebate fund and to make
required rebate payments to the United States from the
rebate fund; providing that amounts deposited to the rebate
fund shall be used only for the purpose of making rebate
payments; providing that nothing in this Section shall
prevent the Board of Public Works from authorizing the
issuance and sale of State general obligation bonds, the
interest on which is not excludable from gross income for

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