384                               Laws of Maryland                      [Ch. 119

to receive bids at such place or places as may be named in said
respective advertisements for bonds issued under the provisions of
this Act, under such procedures as may be determined in the dis-
cretion of the Board of Public Works; and the accrued interest
between the date of the bonds and the date of delivery of and the
payment for said bonds shall be adjusted with the purchaser thereof
under such procedures as may be determined in the discretion of the
Board of Public Works; and upon the day mentioned in said adver-
tisement as the date for opening the bids, they shall receive such
sealed proposals for the purchase of as many of such bonds as; may
be mentioned or designated in said advertisement; and on the opening
of such sealed proposals, as many of said bonds as have been so bid
for shall be awarded by the Board of Public Works to the responsible
bidder or bidders therefor for cash offering the lowest net interest
cost to the State, and if two or more responsible bidders have made
bids resulting in the same lowest net interest cost to the State, then
said bonds shall be awarded by lot to one of such responsible bidders.
If no bid is received, or if the Board of Public Works in the exercise
of its discretion determines that no bid is satisfactory and that it is
in the best interests of the State that all bids be rejected, the Board
may reject all bids and may thereafter negotiate the sale of any part
or all of said bonds at a private sale upon the best terms as to price,
rates of interest and dates of payment within the limits of Article
III, Section 34 of the Constitution of Maryland that can be obtained
for the same.

Sec. 4. And be it further enacted, That 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 for the payment of the expense of engraving, printing 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 pro-
visions in connection with said loan.

Sec. 5. And be it further enacted, That (a) 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 PURPOSES, TO WIT:

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 SUCH LOAN
SHALL BE CREDITED ON THE BOOKS OF THE STATE COMP-
TROLLER, TO BE EXPENDED AS NEEDED BY THE STATE,
UPON APPROVAL BY THE BOARD OF PUBLIC WORKS, to

supplement allotments made to the State Department of Health and
Mental Hygiene for the construction and equipping of public and
other nonprofit nursing homes in this State under the provisions
of "Subchapter IV—Construction of Hospitals and Other Facilities,"
USCA, Title 42, Sections 291 et seq., as amended from time to time.
A public nursing home for the purposes of this Act shall be
interpreted to mean a nursing home wholly owned by a county and/or