882

LAWS OF MARYLAND

Ch. 255

CHAPTER 255

(Senate Bill 361)

AN ACT concerning

Water Quality Loan of 1968

FOR the purpose of amending the Water Quality Loan of 1968
to increase the maximum limitation on State loans to
assist in the construction of sewer facilities.

BY repealing and reenacting, with amendments,

Chapter 445 of the Laws of Maryland of 1968

Section 5.(c)2.

(As amended by Chapter 246 of the Laws of Maryland of

1970, Chapter 286 of the Laws of Maryland of 1974, and

Chapter 752 of the Laws of Maryland of 1976)

SECTION 1. BE IT ENACTED BY THE GENERAL    ASSEMBLY OF

MARYLAND, That chapter(s) of the Acts of    the General

Assembly be repealed, amended, or enacted    to read as
follows:

Chapter 445 of the Acts of 1968
(As amended by Chapter 246 of the
Acts of 1970, Chapter 286 of the
Acts of 1974, and Chapter 752 of
the Acts of 1976)

(c) Of the actual cash proceeds from the sale of
Certificates of Indebtedness to be issued under this Act,
the sum of nine million dollars ($9,000,000), less a
proportionate share of the costs specified in Section 4 of
this Act, shall be used exclusively to provide loans to
assist in the construction of sewer facilities.

Any county, municipality, or any agency of the State or
its subdivisions which is charged with providing sewerage
facilities may petition the State Department of Health and
Mental Hygiene for a loan to assist in the construction of
such facilities, after having submitted a copy of such
petition to the State Clearing House with the Department of
State Planning within the following conditions and
limitations:

2. The full amount of the State loan for any
one project shall not exceed the cost of the project less
the amount of any Federal grant or loan for that project and
the loan for any one project shall not exceed the amount of
[two hundred and fifty thousand dollars ($250,000)]
$500,000.