2386

LAWS OF MARYLAND

Ch. 696

CHAPTER 696

(Senate Bill 121)

AN ACT concerning

Charles County Jail Loan of 1977

FOR the purpose of altering the amount of the State debt
authorized by Chapter 912 of the Acts of the General
Assembly of 1977 as amended by Chapter 503 of the Acts
of the General Assembly of 1979 for the purpose of
constructing and equipping a Charles County Jail
Facility; altering the amount of matching funds that
Charles County must provide, and the time by which
these funds must be provided, in order to receive any
funds under the provisions of that Act; and correcting
an error.

BY repealing and reenacting, with amendments,

Chapter 912 of the Acts of the General Assembly of
1977, as amended by Chapter 503 of the Acts of
the General Assembly of 1979

SECTION 1. BE IT ENACTED BY THE    GENERAL ASSEMBLY OF

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

Assembly be repealed, amended, or    enacted to read as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

Chapter 912 of the Acts of 1977, as amended by
Chapter 503 of the Acts of 1979

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 Charles County Jail
Loan of 1977 in the aggregate principal amount of
[$1,750,000] $2,800,000. 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 1976 Supplement, as
amended from time to time).

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.