202                             LAWS OF MARYLAND                      CH. 152]

Chapter 539 of the Acts of 1963

1. (d)

The rate or rates of interest of the certificates to be issued at
any particular time not exceeding in any case [4½%] 5% per
annum, payable semi-annually.

Chapter 719 of the Acts of 1963
1. (d)

The rate or rates of interest of the certificates to be issued at
any particular time not exceeding in any case [4½%] 5% per
annum, payable semi-annually.

Chapter 138 of the Acts of 1964 as amended by

Chapter 792 of the Acts of 1965 and
Chapters 426 and 578 of the Acts of 1967

1. (d)

The rate or rates of interest of the certificates to be issued at
any particular time not exceeding in any case [4½%] 5% per
annum, payable semi-annually.

The actual cash proceeds of the sale of the Certificates of Indebted-
ness to be issued under this Act shall be paid to the Treasurer of
the State upon the warrant of the Comptroller, and such proceeds
shall be used exclusively for the following purposes, to wit:

The Comptroller shall, immediately upon the sale of and payment
for said certificates, first return to and credit the Treasury for a
sum equivalent to the amount expended as provided for in Section 4
of this Act; the remainder of the proceeds of said loan shall be
credited on the books of the State Treasury Department, to be
used as needed by the State, upon approval by the Board of Public
Works, and in accordance with the provisions of the subheading
"Maryland Hospital Commission," in the subtitle "Hospitals," in
Article 43 of the Annotated Code of Maryland, for loans to be made
to voluntary, non-profit hospitals for the construction, expansion,
relocation, replacement or modernization of their hospital buildings,
facilities and equipment. For the purposes of these expenditures,
the provisions and requirements of said subheading are incorpo-
rated with this section. No loan made hereunder shall be made at
a rate of interest greater than [four and five-eighths] five and
one-eighth per centum [4⅝] 5⅛ per annum.

At any time after June 30, 1970, the Board of Public Works
may direct that all loan funds constituting part of the proceeds of
certificates of indebtedness issued under this Act and not previously
or then expended, granted or contracted for shall be transferred
to the Annuity Bond Fund and shall be applied to the debt service
requirements of the State; and all payments of principal and interest
received by the State on account of loans made to hospitals under
this Act shall be placed in the said Annuity Bond Fund and so
applied.

Chapter 159 of the Acts of 1964
1. (d)
The rate or rates of interest of the certificates to be issued at