HARRY HUGHES, Governor
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(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 the
acquisition, improvement, and rehabilitation of property and
property rights of any kind in rail facilities within and
without the State of Maryland as follows: Townsend, Delaware
to Centreville; Massey to Chestertown; Clayton, Delaware to
Easton; Queen Anne's to Denton; Seaford, Delaware to
Cambridge; Preston to Hurlock; Salisbury to Hebron; King's
Creek to Crisfield; and Littlestown, Pennsylvania to
Frederick. These property rights may be acquired on the
terms and conditions recommended by the Secretary of
Transportation and the Board of Public Works.
(4) 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 June 1, 1980.
Approved May 27, 1980.
CHAPTER 814
(House Bill 1950)
AN ACT concerning
Resource Recovery and Materials Recycling
Resource Reduction and Material
Recycling and Litter Control Advisory Board
FOR the purpose of enacting the Resource Recovery and
Materials Recycling Act; creating a a resource recovery
and waste disposal tax; taxing certain businesses in
this State on a certain basis for the purpose of
resource recovery and waste disposal; providing for the
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