WILLIAM DONALD SCHAEFER, Governor                    Ch. 758

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

Approved June 2, 1987.

CHAPTER 758

(Senate Bill 431)

AN ACT concerning

Ocean Beach Replenishment Fund - Local Contributions

and Interest

FOR the purpose of providing that the Ocean Beach Replenishment
Fund includes money contributed by local jurisdictions; and
requiring that interest earned on local contributions accrue
to the Fund and be credited to certain reductions in local
obligations.

BY repealing and reenacting, with amendments,

Article - Natural Resources

Section 8-1105.2(a)

Annotated Code of Maryland

(1983 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 - Natural Resources

8-1105.2.

(a) (1) There is an Ocean Beach Replenishment Fund,
consisting of moneys appropriated for that purpose in the State
budget or in any bond enabling act AND ANY MONEY CONTRIBUTED BY
LOCAL JURISDICTIONS IN ACCORDANCE WITH THIS SECTION.

(2)  The Fund shall be maintained for the purposes
stated in this section, and unspent portions of any
appropriations to the Fund shall remain in the Fund and shall not
revert to the General Fund.

(3)  ANY INTEREST EARNED BY THE STATE ON ANY FUNDS
CONTRIBUTED BY LOCAL JURISDICTIONS SHALL ACCRUE TO THE FUND.:

(I) ACCRUE TO THE FUND; AND

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