1594

LAWS OF MARYLAND

Ch. 598

CHAPTER 598

(Senate Bill 648)

AN ACT concerning

State Bond Issue for Renovation of Memorial Stadium

FOR the purpose of amending Chapter 816 of the Acts of
the Regular Session of the General Assembly of 1975
to provide that the funds under the Memorial Stadium
Loan of 1975 are to be used for the construction,
renovation, improvement and equipping of Memorial
Stadium in Baltimore City, including the payment of
architects' and engineers' fees.

BY repealing and reenacting, with amendments,

Chapter 816

Section 5

Acts of the Regular Session of the General Assembly

of 1975.

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That Section 5 of Chapter 816 of the Acts of
the Regular Session of the General Assembly of 1975 be
and it is hereby repealed and re—enacted, with
amendments, to read as follows:

5.

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 return
to and credit the Treasury for a sum equivalent 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
Comptroller, to be made part of the "Memorial Stadium
Loan of 1975", to be expended as needed by the State,
upon approval of the Board of Public Works, for the
purpose of providing funds for one or more [loans]
[[GRANTS]] LOANS to be made to the Mayor and City Council
of Baltimore to be used for [design and preparation of
detailed plans and specifications for] the construction,
renovation, improvement and equipping OF Memorial Stadium
on 33rd Street, in the City of Baltimore, including the