MARVIN MANDEL, Governor

503

SECTION 4. AND BE IT FURTHER ENACTED, That all laws
or parts of laws, public general or public local,
inconsistent with this Act, are repealed to the extent of
the inconsistency.

SECTION 5. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1976, and shall apply only to
medical injuries occurring on and after that date.

Approved May 4, 1976.

CHAPTER 236

(Senate Bill 1003)

AN ACT concerning

Creation of a State Debt — State Public School
Construction and Capital Improvement Loan of 1976

FOR the purpose of authorizing the creation of a State
[[Debt]] debt in the amount of $50,000,000, the
proceeds to be used to finance the construction of
public school buildings and public school capital
improvements in this State, and providing generally
for the issue and sale of bonds evidencing such
loan.

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 State Public
School Construction and Capital Improvement Loan of 1976
in the aggregate principal amount of $50,000,000. 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 [[Sections]] §§ 19
to 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 [[Section]] § 2B of Article 31 of the Code.

(2)    The actual cash proceeds of the sale of the
bonds shall be paid to the [[treasurer]] 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