1372
LAWS OF MARYLAND
Ch. 491
evidence has been received, the proper officers of the State
shall disburse the proceeds of the loan to Baltimore County
for expenditure in accordance with the provisions of this
Act, provided that the disbursement of the proceeds, or any
portion of them, shall be made only in the ratio of 3:1,
that is, three parts State loan proceeds to one part
matching funds for which the County has made provision.
Proceeds of this loan that cannot be expended in accordance
with this Act shall be transferred to the Annuity Bond Fund
and applied to the debt service requirements of the State.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect June 1, 1979.
Approved May 29, 1979.
CHAPTER 492
(Senate Bill 843)
AN ACT concerning
Baltimore County — Industrial Development Authority Bonds
FOR the purpose of altering the definition of "industrial
building" or "buildings" so as to permit
municipalities, counties, and industrial development
authorities to issue revenue bonds for the financing of
these types of buildings where certain personal and
real property improvements are made to fairs or
fairgrounds in Baltimore County; providing that these
fairs or fairgrounds are industrial concerns for
certain purposes; and making this Act an emergency
measure.
BY repealing and reenacting, with amendments,
Article 41 — Governor — Executive and Administrative
Departments
Section 266A (a)
Annotated Code of Maryland
(1978 Replacement Volume and 1978 Supplement)
Preamble
WHEREAS, Legislative findings are made that the
establishment, use, and/or operation of any grandstands,
paddocks, buildings, offices, structures, and/or other real
and personal property by any fair or fairground in Baltimore
County, as more particularly and extensively described in
the body of this Act, will benefit the people of Baltimore
County and of the State of Maryland, by
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