MARVIN MANDEL, Governor                       1373

Million Eight Hundred Fifty Thousand Dollars ($4,850,000.00) for
the purposes mentioned in said Chapter 719; now, therefore,

Section 1. Be it enacted by the General Assembly of Maryland,
That the total amount of debt which the Board of Public Works is
authorized to create under the terms and provisions of Chapter 719
of the Laws of Maryland of 1963 be and the same is hereby re-
duced from the amount of Five Million Dollars ($5,000,000.00) to
an amount not to exceed One Hundred Fifty Thousand Dollars
($150,000.00).

SEC. 2. And be it further enacted, That nothing contained in this
Act shall be taken or construed to:

(a)   Change, alter or modify any of the terms and provisions of
Chapter 719 of the Laws of Maryland of 1963, except in the manner
and to the extent specifically set forth herein; and

(b)  Change, alter, modify or release any of the obligations or
liabilities which the State has incurred or may incur under the terms
and provisions of any bonds which the State has heretofore issued
and sold pursuant to the legislation hereinbefore mentioned.

Sec. 3. And be it further enacted, That this Act shall take effect
July 1, 1969.

Approved May 14, 1969.

CHAPTER 584
(Senate Bill 154)

AN ACT to repeal and re-enact, with amendments, Sections 2 (d)
and 5 of Chapter 646 of the Acts of the General Assembly of 1967,
to change the maximum interest rates of the bonds authorized to
be issued under the Ocean City Convention Hall Loan of 1966
and to change the maximum amount of expenses required for the
issuance of these bonds.

Section 1. Be it enacted by the General Assembly of Maryland,
That Sections 2 (d) and 5 of Chapter 646 of the Acts of the General
Assembly of 1967 be and they are hereby repealed and re-enacted,
with amendments, to read as follows:

2.

(d) The rate (and] 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.

5.

(That the sum of Ten Thousand Dollars ($10,000), or so much
thereof as may be necessary] That so much thereof as may be neces-
sary , 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