Ch. 319

1997 LAWS OF MARYLAND

2. IF THE AMOUNT OF NONECONOMIC DAMAGES FOR THE
PRIMARY CLAIMANTS DOES NOT EXCEED THE LIMITATION UNDER SUBSECTION
(B)(3)(II) OF THIS SECTION OR IF THERE IS NO AWARD TO A PRIMARY CLAIMANT;
THE COURT SHALL:

A ENTER AN AWARD TO ANY THE PRIMARY CLAIMANT, IF
ANY, AS DIRECTED BY THE VERDICT; AND

B. REDUCE EACH INDIVIDUAL AWARD OF A SECONDARY
CLAIMANT PROPORTIONATELY TO THE TOTAL AWARD OF ALL OF THE SECONDARY
CLAIMANTS SO THAT THE TOTAL AWARD TO ALL CLAIMANTS OR BENEFICIARIES
CONFORMS TO THE LIMITATION.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall be
construed prospectively to apply only to causes of action for wrongful death that arise on
or after the effective date of this Act and may not be applied or interpreted to have any
effect on or application to causes of action for wrongful death that arise before the
effective date of this Act.

SECTION 3. AND BE IT FURTHER ENACTED, That this Act shall take effect
October 1, 1997.

Approved May 8, 1997.

CHAPTER 319
(Senate Bill 1)

AN ACT concerning

Local Government Investment Authority

FOR the purpose of modifying provisions governing the deposit and investment of money
by local governments, county boards of education, special districts, and other
political subdivisions and bodies politic of the State; clarifying the authority of an
authorized acknowledged agent to act on a governmental unit's behalf; providing
that certain financial institutions used be federally insured; clarifying provisions
relating to collateral; repealing various provisions relating to the investment
authority of particular political subdivisions and special districts and relating to
particular types of investments; removing the Washington Suburban Transit
Commission from provisions concerning local government investment guidelines;
modifying a certain reporting requirement; establishing the Montgomery County
Investment Pool; providing for the administration and management of the Pool and
restricting participation to entities participating in the Pool as of a specified date;
making stylistic and technical modifications; repealing obsolete or unnecessary
language; and generally relating to the investment authority of general purpose and
special purpose local governmental entities in the State.

BY repealing

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