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Session Laws, 1967
Volume 681, Page 1512   View pdf image (33K)
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1512                            LAWS OF MARYLAND                      [CH. 699

they shall receive such sealed proposals for the purchase of as many
of such bonds or Certificates of Indebtedness as may be mentioned
or designated in said advertisements; and on the opening of such
sealed proposals, as many of said bonds or Certificates of Indebted-
ness as have been so bid for shall be awarded by the Board of Public
Works, to the highest responsible bidder or bidders therefor for
cash, if the prices bid are adequate, in the judgment of the Board
of Public Works, and when two or more bidders have made the
same bid, and such bid is the highest and the Certificates so bid for
by the highest responsible bidder are in excess of the whole amount
of the Certificates offered for sale, such bonds or Certificates of In
-
debtedness shall be awarded to such responsible bidders bidding
the same price in a ratable proportion;
RESPONSIBLE BIDDERS
HAVE MADE BIDS RESULTING IN THE SAME NET INTER-
EST COST TO THE STATE AND SUCH BIDS ARE THE HIGH-
EST, THEN SUCH BONDS SHALL BE AWARDED BY LOT TO
ONE OF SUCH RESPONSIBLE BIDDERS; or if any insufficient
price be bid for them, they may be subsequently disposed of under
the direction of the Board of Public Works, at a private sale upon
the best terms they can obtain for the same; provided they shall not
be sold at private sale or less than par and accrued interest.

Sec. 4. And be it further enacted, That the sum of twenty-five
thousand dollars ($25,000), or so much thereof as may be necessary,
shall be paid by the Treasurer of the State upon the warrant of the
Comptroller out of the proceeds of the sale of said bonds or Certifi-
cates of Indebtedness, for the payment of the expense of engraving,
printing and other outlays connected with the issue of the loan here
authorized, and for the payment of the advertising directed by this
Act, and all other incidental expenses, connected with the execution
of its provisions in connection with said loan.

Sec. 5. And be it further enacted, (a) That the actual cash pro-
ceeds from the sale of Certificates of Indebtedness to be issued under
this Act shall be paid to the Treasurer of the State upon the war-
rant of the Comptroller, and such proceeds shall be used exclusively
to assist the counties, municipalities, any agencies thereof, or any-
special governmental agency which is charged with providing sani-
tary facilities in the construction of sewerage systems. Such con-
struction projects must meet the specifications required by the Fed-
eral Water Pollution Control Act, and must be within the provisions
of Section 387 (B) of Article 43 of the Annotated Code of Maryland,
as amended from time to time.

(b) Any county, municipality, or any agency which is entitled to
receive a State grant pursuant to the provisions of Section 387 (A) 2
of Article 43 of the Annotated Code of Maryland, as amended from
time to time, that has received a grant offer for a project in accord-
ance with the provisions of the Federal Water Pollution Control Act
or has been notified that the project is eligible for a Federal grant
offer in a specified amount, but insufficient Federal funds are avail-
able to make an offer in the amount for which the project has been
found eligible, may petition the State Department of Health for a
grant, within the following conditions and limitations:

1. That a State grant offer shall be made for every project on
which a Federal grant offer is made or which has been found eligible
for a Federal grant, and that the outright State grant shall be equal

 

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Session Laws, 1967
Volume 681, Page 1512   View pdf image (33K)
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