Ch. 479 LAWS OF MARYLAND
Approved May 29, 1990.

CHAPTER 479
(Senate Bill 580)

AN ACT concerning

Creation of a State Debt - Baltimore County - Shoreline Enhancement

BCO 10-90

FOR the purpose of authorizing the creation of a State Debt in the amount of
$4,000,000 $1.000,000 the proceeds to be used as a grant to the County Executive
and County Council of Baltimore County for shoreline enhancement projects,
including necessary studies, sediment removal operations, structural and
nonstructural improvements, coastline stabilization, wetland creation,
revegetation, erosion control, and acquisition of property and equipment in
Baltimore County; and providing generally for the issue and sale of bonds
evidencing the loan.

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That:

(1) The Board of Public Works may borrow money and incur indebtedness on
behalf of the State of Maryland through a State loan to be known as the Baltimore
County - Shoreline Enhancement Loan of 1990 in the total principal amount of
$1,000,000 $1,000,000. This loan shall be evidenced by the issuance, sale, and delivery of
State general obligation bonds authorized by a resolution of the Board of Public Works
and issued, sold, and delivered in accordance with §§ 8-117 through 8-124 of the State
Finance and Procurement Article and Article 31, § 22 of the Code.

(2) The bonds to evidence this loan or installments of this loan may be sold as a
single issue, or may be consolidated and sold as part of a single issue of bonds under §
8-122 of the State Finance and Procurement Article.

(3) The cash proceeds of the sale of the bonds shall be paid to the Treasurer and
first shall be applied to the payment of the expenses of issuing, selling, and delivering
the bonds, unless funds for this purpose are otherwise provided, and then shall be
credited on the books of the Comptroller and expended, on approval by the Board of
Public Works, for the following public purposes, including any applicable architects'
and engineers' fees: as a grant to the County Executive and County Council of
Baltimore County to be used for shoreline enhancement projects, including necessary
studies, sediment removal operations, structural and nonstructural improvements,
coastline stabilization, wetland creation, revegetation, erosion control, and acquisition
of property and equipment in Baltimore County.

(4) An annual State tax is imposed on all assessable property in the State in rate
and amount sufficient to pay the principal of and interest on the bonds, as and when

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