BLAIR LEE III, Acting Governor

1169

balance of the appropriation for the Biddle Street

project in Chapter 671 of 1977 is contingent upon the

appropriation for a Correctional Complex at Fort

Armistead Park and the satisfaction of any condition or
conditions attached to that appropriation that the

existing structure(s) on that property way be

demolished and that on the date on which the Board of

Public Works certifies that the condition for

expenditure of the proceeds of the State Debt, created

by this Act has been satisfied, the Board of Public

Works shall revert to the Annuity Bond Fund so much of

the appropriation for the Biddle Street project as is

then unexpended and uncommitted; providing that the
modification of the General Construction Loan of 1977
by this Act is contingent upon the satisfaction of the

condition for expenditure of the proceeds of the State

Debt created by this Act, and that if the State sells

or transfers the property at 3500 East Biddle Street,

Baltimore, the State shall receive the fair market

value for said property; and providing that the

provisions of this Act are not severable.

BY repealing and reenacting, with amendments,

Chapter 67 1 of the Acts of the General Assembly of 1977
Section 1 (2) (E) (1) (a) (4)

SECTION 1.
MARYLAND, That:

BE IT ENACTED BY THE GENERAL ASSEMBLY OF

(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 Correctional
Complex-Fort Armistead Loan of 1978 in the aggregate
principal amount of $26,000,000. 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 (1976 Replacement Volume and 1977
Supplement, as amended from time to time).

(2) 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.

(3) 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:

Acquisition of property in Baltimore City at Fort