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Session Laws, 1972
Volume 708, Page 1792   View pdf image
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1792                             Laws of Maryland                      [Ch. 710

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 pro-
visions in connection with said loan.

Sec. 5. And be it further enacted, That the actual cash proceeds
of the sale of the bonds 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 pur-
poses, to wit:

The Comptroller shall immediately upon the sale of and payment
for said bonds, 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 Comptroller to be expended upon
approval by the Board of Public Works for
reimbursement to the
Mayor and City Council of Baltimore for constructing, erecting and
equipping a Detention Center for Women on any land or property

owned or controlled by the Mayor and City Council of Baltimore,

and for doing any and all the things necessary, proper or expedient

in connection with or pertaining to an or all of the matters or
things hereinbefore mentioned.

1.    THE COMPTROLLER, IMMEDIATELY UPON THE SALE
OF AND PAYMENT FOR SAID BONDS, FIRST, SHALL RE-
TURN TO AND CREDIT THE TREASURY FOR A SUM EQUIV-
ALENT TO THE AMOUNT EXPENDED UNDER SECTION 4 OF
THIS ACT.

2.    THE REMAINDER OF THE PROCEEDS OF SAID LOAN
SHALL BE CREDITED ON THE BOOKS OF THE STATE
COMPTROLLER, TO BE EXPENDED AS NEEDED BY THE
STATE, UPON APPROVAL BY THE BOARD OF PUBLIC
WORKS, FOR REIMBURSEMENT TO THE MAYOR AND CITY
COUNCIL OF BALTIMORE FOR CONSTRUCTING, ERECTING
AND EQUIPPING A DETENTION CENTER FOR WOMEN ON
ANY LAND OR PROPERTY OWNED OR CONTROLLED BY THE
MAYOR AND CITY COUNCIL OF BALTIMORE, AND FOR
DOING ANY AND ALL THINGS NECESSARY, PROPER OR
EXPEDIENT IN CONNECTION WITH OR PERTAINING TO
ANY OR ALL OF THE MATTERS OR THINGS HEREINBEFORE
MENTIONED.

SEC. 6. AND BE IT FURTHER ENACTED, THAT ALL UN-
EXPENDED FUNDS REMAINING FROM COMPLETED PROJ-
ECTS AUTHORIZED UNDER THIS ACT SHALL BE TRANS-
FERRED TO THE ANNUITY BOND FUND AND SHALL BE
APPLIED TO THE DEBT SERVICE REQUIREMENTS OF THE
STATE, SAID TRANSFER TO BE MADE ONE YEAR AFTER
THE DATE OF THE FINAL ACCEPTANCE OF THE PROJECTS
BY THE STATE, SAID DATE OF FINAL ACCEPTANCE TO BE
CERTIFIED IN WRITING TO THE BOARD OF PUBLIC WORKS
BY THE DEPARTMENT OF GENERAL SERVICES.

Sec. 6 7. And be it further enacted, That until all of the interest
on and principal of any bonds issued under this Act shall have been
paid in full, there is hereby levied and imposed an annual State tax
on each $100 of assessable property at the rate to be determined

 

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Session Laws, 1972
Volume 708, Page 1792   View pdf image
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