HARRY HUGHES, Governor

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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 1981 1980 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 the
restoration and reconstruction of the Jerico Bridge located
in Baltimore and Harford Counties.

(4)  Prior to the payment of any funds under the
provisions of this Act for the purposes set forth in Section
1(3) above, Baltimore and Harford counties jointly shall
provide at least an equal and matching fund of $150,000 for
this project. No part of the applicants' matching fund may
be provided from State funds either directly or indirectly.
No part of the fund may consist of real property, or in-kind
contributions, or funds expended prior to the effective date
of this Act In case of any dispute as to what money or
assets may qualify as matching funds, the Board of Public
Works shall determine the matter, and the Board's decision
is final. Baltimore and Harford counties shall have until
June 1, 1983 to present evidence satisfactory to the Board
of Public Works that the matching fund will be provided. If
satisfactory evidence is presented) the Board shall certify
this fact to the State Treasurer, and the proceeds of the
loan shall be expended for the purposes provided in this
Act. If this evidence is not presented by June 1, 1983, the
proceeds of the loan shall be transferred to the Annuity
Bond Fund and applied to the debt service requirements of
the State.

(4) (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 June 1, 1981.

Approved May 19, 1981.