2726

LAWS OF MARYLAND

[Ch. 564

Chapter 403 of the Acts of 1969
Sections 1 and 2

(As Section 1 was amended by Chapter 2 of the Acts
of the Special Session of December 16, 1969; and as
Sections 1 and 2 were amended by Chapter 353 of the
Acts of 1972; and re-enacted, without change, by
Chapter 481 of the Acts of 1973; and amended by
Chapter 632 of the Acts of 1974)

BY adding to

Chapter 403 of the Acts of 1969
[[Sections 11H and 11-I]] Section 11H

(To follow immediately after Section 11G thereof, as
added by Chapter 632 of the Acts of 1974)

Preamble

WHEREAS, There has been established a program to
finance the acquisition of land and the development of
that land by the State and its subdivisions for outdoor
public recreational and open space purposes, this program
being known as "Program Open Space"; and

WHEREAS, Chapter 403 of the Acts of 1969 (the "Act")
authorized and directed the Board of Public Works to
issue a State loan to be known as the "Outdoor Recreation
Land Loan of 1969" in the aggregate amount of
$60,000,000, the net actual cash proceeds of which are to
be expended to fund Program Open Space; and

WHEREAS, Chapter 353 of the Acts of 1972 amended the
Act to authorize and direct the Board of Public Works to
increase the total amount of funds which the State of
Maryland is authorized to borrow under the "Outdoor
Recreation Land Loan of 1969" to the aggregate amount of
$70,000,000, the net actual cash proceeds of which are to
be expended to fund Program Open Space; and

WHEREAS, Chapter 632 of the Acts of 1974 amended the
Act to authorize and direct the Board of Public Works to
increase the total amount of funds which the State of
Maryland is authorized to borrow under the "Outdoor
Recreation Land Loan of 1969" to the aggregate amount of
$82,000,00 0, the net actual cash proceeds of which are to
be expended to fund Program Open Space; and

WHEREAS, There is a need to increase the total
amount of funds which the State of Maryland is authorized
to borrow pursuant to the Outdoor Recreation Land Loan