HARRY HUGHES, Governor
1069
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Assembly be repealed, amended, or enacted to read as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 826 of the Acts of 1978
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Assembly be repealed, amended, or enacted to read as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 5 of the Acts of 1977
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 Bird River and North
East Creek Dredging Loan of 1976 in the aggregate principal
amount of $560,000, to be apportioned in the amount of
[$360,000] $460,000 for the Bird River Dredging Project and
in the amount of [$200,000] $100,000 for the North East
Creek Dredging Project. 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 Sections 19 to 23 of Article 31 of the Annotated Code of
Maryland (1971 Replacement Volume and 1975 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 Section 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: for the
dredging of the Bird River and North East Creek in Baltimore
County.
(4) The payment of any funds under the provisions of
this Act for the purpose of dredging the Bird River and
North East Creek in Baltimore County and the granting of a
license by the Department of Natural Resources shall be
contingent upon:
(a) The approval by the Department of Water
Resources of all plans associated with the dredging of the
Bird River and North East Creek; and
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