MARVIN MANDEL, Governor                           3383

4-8. (86-4-8—83—69) Bond anticipation notes generally.

(a) Authority to issue. The Washington Suburban
Sanitary Commission, on behalf of the Washington Suburban
Sanitary District[, is authorized and empowered], at any
time and from time to time and in such [[matter]] MANNER
as it [shall determine] DETERMINES, [to] MAY borrow money
for any of the purposes for which any bonds of the
District are to be issued, and to issue negotiable bond
anticipation notes of the District for the money so
borrowed in anticipation of the issuance of such
bonds[[.]] , OR IN ANTICIPATION OF OTHER REVENUES FOR
CAPITAL EXPENDITURES. [; provided, however, that the]
THE aggregate amount of all bond anticipation notes
outstanding under the authority of this section at any
one time [shall] MAY not exceed [ten million dollars
(10,000,000.00] [[TWENTY MILLION]] THIRTY MILLION
DOLLARS. [; and provided, further, that the] THE
aggregate amount of bond anticipation notes issued under
the authority of this section in anticipation of the
issuance of bonds which are subject to the [fourteen per
centum (14%)] 14 PERCENT limitation, together with the
aggregate amount of bonds then outstanding which are
subject to [such] THE limitation, [shall] MAY not exceed
that limitation.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1975.

Approved May 15, 1975.

CHAPTER 789

(House Bill 1400)

AN ACT concerning

Washington Suburban Sanitary District

Budget Supplements

MC 9-75

FOR the purpose of providing a method and time schedule
to allow the Washington Suburban Sanitary Commission
to supplement a budget submitted but not yet adopted
by the local county governing bodies; providing a
method of supplemental appropriations to the
Washington Suburban Sanitary Commission budget after
its adoption; and clarifying language.

BY repealing and re—enacting, with amendments,