HARRY HUGHES, Governor                               3417

This bill alters the municipal share of certain highway
user revenues.

House Bill 629, which was enacted by the General
Assembly and signed by me on May 19, 1981, accomplishes the
same purpose.

Therefore it is unnecessary for me to sign Senate Bill
520.

Sincerely,
Harry Hughes
Governor

Senate Bill No. 549

AN ACT concerning

Creation of a State Debt -
The Automatic Sprinkler System Loan Program

FOR the purpose of authorizing the creation of a State Debt
in the amount of 5,000,000 $500,000, the proceeds to
be used to fund The Automatic Sprinkler System Loan
Program that provides loans to persons who equip
certain buildings with fire fighting sprinkler systems;
making this Act contingent upon the passage of other
Acts; and 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 shall borrow money and
incur indebtedness on behalf of the State of Maryland
through a State loan to be known as the Automatic Sprinkler
System Loan Program Loan of 1981 in the aggregate principal
amount of $5,000,000 $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 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.