BLAIR LEE III, Acting Governor

2313

Chapter 179 of the Acts of the General Assembly of 1972
Section 5.2(m)(5)(b)

BY repealing and reenacting, with amendments,

Chapter 195 of the Acts of the General Assembly of 1973
Section 5.2(A)(1)(a)

BY repealing and reenacting, with amendments,

Chapter 289 of the Acts of the General Assembly of 1974
Section 5.2(N),(5)(a) and (b)

BY repealing and reenacting, with amendments,

Chapter 886 of the Acts of the General Assembly of 1975
Section 5.202(a)(1), Fl(e), G4(b) and H1

BY repealing and reenacting, with amendments,

Chapter 914 of the Acts of the General Assembly of 1976
Section 1. (2)(D)(3)(b)

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 General Construction
Loan of 1978 in the aggregate principal amount of
$55,728,500 $55,865,500 $55,963,000 $56,790,000. 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:

GENERAL CONSTRUCTION LOAN OF 1978