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1822 LAVS OF MARYLAND Ch. 671
(c) The income derived from subsections (a) and (b)
shall be used to defray the additional cost to St. Mary's
County for additional educational, water, sewerage, road,
sanitation, or similar facilities.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1979.
Approved May 29, 1979.
CHAPTER 672
(House Bill 1733)
AN ACT concerning
Creation of a State Debt —
LeGore Bridge
FOR the purpose of authorizing the creation of a State Debt
in the amount of $250,000, the proceeds to be used to
match funds proivded provided by the Frederick County
Commissioners for the repair and restoration of the
LeGore Bridge on the Monocacy River in Frederick
County; 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 LeGore Bridge Loan
of 1979 in the aggregate principal amount of $250,000. 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 1978 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
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