1872

LAWS OF MARYLAND

Ch. 443

(i) May be repayable, in whole or in part,
from specified revenues or on a contingency;

(ii) May be noninterest bearing or bear
interest at a rate of not more than [1/4] 1/8 of 1 percent
plus the interest cost of the:

1.   [most] MOST recent State GENERAL
OBLIGATION bond issue preceding approval by the Secretary of
the application for the loan FOR A LOAN MADE FROM SOURCES
OTHER THAN STATE GENERAL OBLIGATION BOND PROCEEDS; AND OR

2.  STATE GENERAL OBLIGATION BOND
ISSUE OUT OF WHICH THE LOAN IS MADE FOR A LOAN MADE FROM THE
PROCEEDS OF A STATE GENERAL OBLIGATION BOND ISSUE;

(iii) To the extent that it is to be
repaid, may be repayable in accordance with any schedule,
with maturity of up to 15 years; and

(iv) To the extent that it is to be
repaid, is a general obligation secured by the assets and
revenues of Baltimore City that will assure repayment or by
the full faith and credit of any other borrowing political
subdivision.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect June 1, 1981.

Approved May 12, 1981.

CHAPTER 444

(House Bill 1473)

AN ACT concerning

Cecil County - Sheriff's Department

FOR the purpose of altering the number of deputy sheriffs of
Cecil County; altering the salary and lodging allowance
of the Sheriff; providing for expenses incurred by the
Sheriff and for personnel and equipment needs;
generally relating to the Sheriff and deputy sheriffs
in Cecil County; and clarifying language.

BY repealing and reenacting, with amendments,

Article - Courts and Judicial Proceedings

Section 2-309(i)

Annotated Code of Maryland

(1980 Replacement Volume and 1980 Supplement)