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LAWS OF MARYLAND

Ch. 762

(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 Animal Hospital Loan
of 1978 in the aggregate principal amount of [$2,300,000]
$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 1977 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
Public Works, for the following public purposes: for a
State grant to the Mayor and City Council of Baltimore for
the construction and equipping of an animal hospital at the
Baltimore City Zoo in Druid Hill Park.

(4)  The payment of funds under the provisions of this
Act shall be made to the Mayor and City Council of Baltimore
by the Board of Public Works upon receipt of information as
requested and subject to terms and conditions established by
the Board of Public Works. No funds provided under this Act
may be utilized for any purpose other than the design,
construction, built-in equipment and landscaping of the
immediate surrounding area of the Animal Hospital.

(5)  There is hereby levied and imposed an annual State
tax on all assessable property in the State in rate and
amount sufficient to pay the principal of and interest on
the bonds as and when due and until paid in full, such
principal to be discharged within fifteen years of the date
of issue of the bonds.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1980.

Approved May 27, 1980.

CHAPTER 763
(House Bill 847)