BLAIR LEE III, Acting Governor                           2625

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect June 1, 1978.

Approved May 29, 1978.

CHAPTER 897

(House Bill 798)

AN ACT concerning

Creation of a State Debt — Caroline County Jail

FOR the purpose of authorizing the creation of a State Debt
in the amount of $150,000, the proceeds to be used for
the renovation, rehabilitation, extension, acquisition,

improvement, enlargement, alteration,___repair, and

equipping of the Caroline County Jail and the doing of
these things that are necessary or appropriate to

accomplish the object and purposes of the project,

subject to the requirement that Caroline 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.

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 Caroline County Jail
Loan of 1978 in the aggregate principal amount of $150,000.
This lean 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: to assist in
for the renovation, rehabilitation, extension, acquisition,
improvement, enlargement, alteration, repair, and equipping
of the Caroline County Jail and the doing of those things