316                                          LAWS OF MARYLAND                                  Ch. 147

"A Bill entitled

AN ACT CONCERNING

CREATION OF A STATE DEBT - (HERE BRIEFLY DESCRIBE
PURPOSE OF THE BILL)

[An act to authorize] FOR THE PURPOSE OF AUTHORIZING the

creation of a State debt in the amount of $..........,

the proceeds to be used (here generally describe the
purpose to which the proceeds are to be applied).

Section 1. Be it enacted by the General Assembly of
Maryland, that:

(1)    The Board of Public Works may borrow money and
incur indebtedness on behalf of the State of Maryland
through a State loan to be known as the

___________________________________Loan OF 19__ in the

aggregate principal amount of $_________________________.

This loan shall be evidenced by the issuance and sale of
State general obligation bonds authorized by a resolution
of the Board of Public Works and issued, sold and
delivered in accordance with the provisions of §§ 19 to
[24] 23 of Article 31 of the Annotated Code of Maryland
(1971 Replacement Volume and 1975 Supplement, as amended
from time to time).

The bonds issued to evidence this loan or
installments thereof may be sold as a single issue, or
may be consolidated and sold as part of a single issue of
bonds under § 2B of Article 31 of the Code.

(2)    The actual cash proceeds of the sale of the
bonds shall be paid to the Treasurer and shall be first
applied to the payment of the expenses of issuing and
delivering the bonds UNLESS FUNDS FOR THIS PURPOSE ARE
OTHERWISE PROVIDED and thereafter shall be credited on
the books of the State Comptroller and expended, upon
approval by the Board of Public Works, for the following
public purposes, including any applicable architects' and
engineers' fees (here state the purpose or purposes to
which the proceeds of the bonds are to be applied) .

(3)    There is hereby levied and imposed an annual
State tax on all assessable property in the State in rate
and amount sufficient to pay the principal of and
interest on the bonds as and when due and until paid in
full, such principal to be discharged within fifteen
years of the date of issue of the bonds.

(4)    This Act shall take effect June 1, 19__. "

(b) An enabling act may contain        any other

provisions deemed appropriate to the nature    and purposes

for which bonds are to be sold, including      supplemental

provisions for the payment, in part or    in whole, of