1306                             Laws of Maryland                      [Ch. 625

[(7)] (6) The State Superintendent of Schools shall certify
to the Comptroller ten (10) days before the end of July, September,
November, January, March, and May, one-sixth each of the sum due
under this section to the county board of education of each county
qualified to participate in this school building construction aid pro-
gram and the City of Baltimore if it is so qualified. Thereupon the
Comptroller within five days of the above said dates shall draw his
warrant on the Treasurer of the State of Maryland for the respective
amounts which under this section are due the boards of education of
each county and due the City of Baltimore, and the Treasurer of the
State of Maryland, upon receipt of said warrants shall immediately
pay the amounts due to the City of Baltimore and the respective
boards of education.

If for any year the appropriation for the school building construc-
tion fund is insufficient to pay all costs due therefrom, all eligible
projects shall be reduced proportionately and any such reduction
shall be included in the next State appropriation and any payments
so withheld shall be made.

Sec. 3. And be it further enacted, That all laws or parts of laws,
public general or public local, inconsistent with the provisions of this
Act, are hereby repealed to the extent of any such inconsistency.

Sec. 4. And be it further enacted, That this Act shall take effect
June 1, 1971.

Approved May 24, 1971.

CHAPTER 625
(House Bill 860)

AN ACT to authorize the creation of a State debt in the aggregate
amount of One Hundred FIFTY Million Dollars ($100,000,000.00
$150,000,000.00) to be known as the "State Public School Con-
struction and Capital Improvement Loan of 1971," the proceeds
thereof to be used to finance the construction of public school
buildings and public school capital improvements in this State,
and providing generally for the issue and sale of State general
obligation bonds in connection therewith.

Section 1. Be it enacted by the General Assembly of Maryland,
That the Board of Public Works is hereby authorized and directed
to issue a State loan to be known as the "State Public School Con-
struction and Capital Improvement Loan of 1971," in the aggregate
sum of One Hundred FIFTY Million Dollars ($100,000,000.00
$150,000,000.00).

The certificates of indebtedness (hereinafter called "bonds") evi-
dencing said loan may be issued all at one time or, in groups, from
time to time, as hereinafter provided. All of said bonds evidencing
said loan, or any group thereof, shall be issued according to a serial
maturity plan to be established in the resolution authorizing the