1070                                 LAWS OF MARYLAND                               Ch. 262

(b) The approval by all appropriate State
agencies of a selected dumping site for the dredged
material.

(5)  The Inland Waterways Improvement Association shall
have until June 1, 1980, to present evidence satisfactory to
the Board of Public Works that the Inland Waterways
Improvement Association received approval by the Water
Resources Administration of all plans associated with the
dredging of Bird River and the approval by all appropriate
State agencies of a selected dumping site for the dredged
material. Upon receiving from the Board of Public Works a
certification of such suitable evidence on or before June 1,
1980, the Treasurer of the State shall spend the proceeds of
said loan in accordance with the other provisions of this
Act. If such satisfactory evidence of securing the above
approvals is not presented to the Board of Public Works on
or before June 1, 1980, no funds under the provisions of
this Act shall thereafter be paid over to or expended for
the purpose of dredging the Bird River in Baltimore County.

(6)  The County Executive and County Council of
Baltimore County shall have until June 1, 1981, to present
evidence satisfactory to the Board of Public Works that the
County Executive and County Council of Baltimore County has
received approval by the Water Resources Administration of
all plans associated with the dredging of North East Creek
and the approval by all appropriate State agencies of a
selected dumping site for the dredged material. Upon
receiving from the Board of Public Works a certification of
such suitable evidence on or before June 1, 1981, the
Treasurer of the State shall spend the proceeds of said loan
in accordance with the other provisions of this Act. If
such satisfactory evidence of securing the above approvals
is not presented to the Board of Public Works on or before
June 1, 1981, no funds under the provisions of this Act
shall thereafter be paid over to or expended for the purpose
of dredging North East Creek in Baltimore County.

(7) (a) If any funds provided by this Act shall not
have been encumbered within 6 years from the effective date
of this Act, then such funds shall be deemed to have been
abandoned. If the total loan authorized herein shall have
been issued within 6 years from the effective date of this
Act, then the amount specified herein for said abandoned
funds shall be transferred to the Annuity Bond Fund and
shall be applied to the debt service requirements of the
State. If, however, the total loan authorized herein shall
not have been issued within 6 years from the effective date
of this Act, then the total issuable bonds authorized herein
shall be reduced by the amount specified herein for said
abandoned funds.

(b) For the purposes of this Act, funds are
encumbered when a project is approved for a grant under this
program for a specific amount by actions of the Board of