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BLAIR LEE III, Acting Governor 2773
(4) Prior to the payment of any funds under the
provisions of this Act for the purposes set forth in Section
1.(3) above, the Peabody Institute shall provide at least an
equal and matching fund of $1,000,000 $1,200,000 for this
project. The Peabody Institute shall have until June 1,
1980 to present evidence satisfactory to the Board of Public
Works that this fund will be provided. Upon receiving from
the Board of Public Works on or before June 1, 1980, a
certification of suitable evidence, the Treasuror of the
State shall expend the proceeds of the loan the proceeds of
the loan shall be expended in accordance with the provisions
of this Act. If satisfactory evidence of the raising of at
least an equal and matching fund for this project is not
presented to the Board of Public Works on or before June 1,
1980, the proceeds of the loan shall be transferred to the
Annuity Bond Fund and applied to the debt service
requirements of the State.
(5) There is hereby levied and imposed an annual
State tax on all assessable property in the State in rate
and amount sufficient to pay the principal of and interest
on the bonds as and when due and until paid in full, such
principal to be discharged within fifteen years of the date
of issue of the bonds.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect June 1, 1980 1978.
Approved May 29, 1978.
CHAPTER 955
(House Bill 1853)
AN ACT concerning
Use of State-owned and Privately-owned Motor Vehicles
FOR the purpose of including the use of State-owned motor
vehicles and reimbursement of owners of privately—owned
motor vehicles within the provisions concerning use of
motor vehicles in agencies of the State government.
BY repealing and reenacting, with amendments,
Article 15A - Budget and Fiscal Planning
Section 23A(b)
Annotated Code of Maryland
(1976 Replacement Volume and 1977 Supplement)
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That section(s) of the Annotated Code of Maryland
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