HARRY HUGHES, Governor

2529

through a State loan to be known as the Baltimore City Jail
Loan of 1981 in the aggregate principal amount of $647,000
$607,000. 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 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
study, renovation, improvement and construction of
facilities at the Baltimore City Jail.

(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.

(5) Prior to the payment of any funds under the
provisions of this Act for the purpose set forth in Section
1(3) above, the Mayor and City Council of Baltimore City
shall provide at least an equal and matching amount of
$647,000 for this project. The Mayor and City Council of
Baltimore shall have until June 1, 1983, to present evidence
satisfactory to the Board of Public Works that this amount
will be provided. If satisfactory evidence of the raising
of at least an equal and matching amount for this project is
presented to the Board of Public Works on or before June 1,
1983, the Board of Public Works shall so certify to the
Treasurer of the State and the proceeds of the loan shall be
expended as a State grant in accordance with provisions of
this Act. If satisfactory evidence of the raising of at
least an equal and matching amount for this project is not
presented to the Board of Public Works on or before June 1,
1983, the proceeds of the loans shall be transferred to the

Annuity Bond Fund and applied to the debt service

requirements of the State.

(5)  Prior to the payment of any funds under the
provisions of this Act for the purposes set forth in Section
1(3) above, the Mayor and City Council of Baltimore shall
provide at least an equal and matching fund of $607,000 for