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2786
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Ch. 6 84
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LAWS OF MARYLAND
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requirement that Baltimore County provide at least
an equal and matching sum for the same purpose; and
providing generally for the issue and sale of bonds
evidencing the loan.
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SECTION 1.
MARYLAND, That:
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BE IT ENACTED BY THE GENERAL ASSEMBLY OF
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(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 Baltimore County
Jail Loan of 1977 in the aggregate principal amount of
$4,000,000. 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
§§ 19 to 23 of Article 31 of the Annotated Code of
Maryland (1971 1976 Replacement Volume and 1975 1976
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.
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(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: To assist in the construction and
equipping of a new Baltimore County Jail Facility.
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(3) The payment of any funds under the provisions
of this Act for the purpose of providing a State grant to
assist in construction and equipping a new Baltimore
County Jail Facility shall be contingent upon the
provisions by Baltimore County of at least an equal and
matching fund for this project from county funds. The
County Council and County Executive of Baltimore County
shall
satisfactory to the Board of Public Works that it will
provide at least an equal and matching fund for the
purpose of assisting in the construction and equipping of
a new Baltimore County Jail Facility, including the
payment of architects' and engineers' fees. Upon
receiving from the Board of Public Works a certification
of such suitable evidence on or before June 1, 1979, the
Treasurer of the State is hereby authorized, empowered
and directed to proceed to spend the proceeds of said
loan in accordance with the other provisions of this Act.
If such satisfactory evidence of providing at least an
equal and matching fund for this project is not presented
to the Board of Public Works on or before June 1, 1979,
no funds under the provisions of this Act shall
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