HARRY HUGHES, Governor                             2637

(House Bill 924)

AN ACT concerning

Creation of a State Debt - Caroline County Jail Loan

of 1980

FOR the purpose of authorizing the creation of a State Debt
in the amount of Five Hundred Thousand Dollars
($500,000), the proceeds to be used for financing the
costs of alteration, enlargement, extension, expansion,
improvement, reconstruction, rehabilitation,
renovation, and repair of the Caroline County Jail,
subject to the requirement that Caroline County provide
at least an equal and matching amount for the same
purpose; providing generally for the issue and sale of
bonds evidencing the loan.

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 Caroline County Jail
Loan of 1980 in the aggregate principal amount of Five
Hundred Thousand Dollars ($500,000). 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, inclusive, of Article 31
of the Annotated Code of Maryland (1976 Replacement Volume
and 1979 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, including
any applicable architects' and engineers' fees: for
alteration, enlargement, extension, expansion, improvement,
reconstruction, rehabilitation, renovation and repair of the
Caroline County Jail, including the costs of acquisition and
development of property rights, acquisition and installation
of furnishings and equipment and any related financial and
planning services.

(4)  There is hereby levied and imposed an annual State
tax on all assessable property in the State in rate and