1969]                                OF THE SENATE                                    37

tration or any other agency or instrumentality of the Federal Government,
from certain of the interest and usury provisions of the laws of Maryland;
denning the allowable rate of interest and other charges in connection
with such loans; and relating generally to mortgage loans and real estate
transactions in this State.

Senator James from the Rules Committee recommended Senate Bill
No. 3 be re-referred to the Economic Affairs Committee.

Said recommendation was approved and Senate Bill No. 3 was re-
ferred to the Economic Affairs Committee.

Senate Bill No. 4—By the President:

An Act to repeal and re-enact with amendments, Sections 4, 5, 6 and
7 of, and to add new Section 12A to, Chapter 403 of the Laws of Maryland
of 1969, which Act authorized the creation of a State debt to be known as
the "Outdoor Recreation Land Loan of 1969," correcting erroneous word-
ing therein, clarifying certain provisions of the Act, including the imposi-
tion of the State property tax as the secondary source of funds for debt
service as to both the principal of and interest on such State debt in the
event revenues from the "State Property Transfer Tax" are in any year
insufficient for such purpose, and including the use of certain proceeds of
said "State Property Transfer Tax," adding a severability clause to the
Act and relating generally to the issue and sale of Certificates of Indebted-
ness evidencing such State debt.

Senator James from the Rules Committee recommended Senate Bill
No. 4 be re-referred to the Finance Committee.

Said recommendation was approved and Senate Bill No. 4 was
referred to the Finance Committee.

Senate Bill No. 5—By the President:

An Act to repeal and re-enact, with amendments, Section 3 of Chapter
545 of the Acts of the General Assembly of 1968, amending the law which
authorizes and empowers the County Commissioners of Harford County
to borrow a certain sum of money in order to finance the construction,
acquisition, improvement, or extension of public schools in that county, as
further defined in said Chapter 545 of 1968, in order to change the maxi-
mum rate of interest specified for these bonds.

Senator James from the Rules Committee recommended Senate Bill
No. 5 be re-referred to the Finance Committee.

Said recommendation was approved and Senate Bill No. 5 was
referred to the Finance Committee.

Senate Bill No. 6—By the President:

An Act to repeal and re-enact, with amendments, Section 3 of Chap-
ter 730 of the Acts of the General Assembly of 1968, amending the law
which authorizes and empowers the County Commissioners of Harford
County to borrow a certain sum of money in order to finance the con-
struction, acquisition and improvement of a county governmental center
comprising certain capital facilities, buildings, and equipment either on
the same or separate sites or as a part of a governmental complex, in order
to increase the maximum rate of interest on these bonds.