SPIRO T. AGNEW, Governor                       733

of such bonds or Certificates of Indebtedness as may be mentioned
or designated in said advertisement; 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 Indebted-
ness shall be awarded to such responsible bidders bidding the same

price in a ratable proportion; or if any insufficient price be bid for
PUBLIC WORKS, AND WHERE TWO OR MORE RESPONSIBLE
BIDDERS HAVE MADE BIDS RESULTING IN THE SAME NET
INTEREST COST TO THE STATE AND SUCH BIDS ARE THE
HIGHEST, 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 subse-
quently 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 for less than par and
accrued interest.

Sec. 4. And be it further enacted, That the sum of Sixty-five
Thousand Dollars ($65,000) 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,
printing¹ and other outlays connected with the issue of the loan
hereby 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, That (A) The actual cash
proceeds of the sale of the Certificates of Indebtedness 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 exclu-
sively for the following purposes, to wit:

(B) The Comptroller shall immediately upon the sale of and pay-
ment for said certificates, first, return to and credit the Treasury
for a sum equivalent to the amount expended, as provided 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
expended as needed by the State, upon approval by the Board of
Public Works, for the following needs; to purchase from the City
of Baltimore ail its title and interest in the property known as
Friendship International Airport, and such other architectural and
engineering fees and costs of construction as the Maryland Airport
Authority may from time to time recommend to the Board of Public
Works.

Sec. 6. And be it further enacted, That where Federal funds
may be available to help accomplish any specific projects in this Act,
the using department or agency shall be obligated to seek the alloca-
tion of such Federal funds to apply to the cost of the particular
project.