3424
VETOES
House Bill 719, 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
609.
Sincerely,
Harry Hughes
Governor
Senate Bill No. 614
AN ACT concerning
Creation of a State Debt - Mt. St. Mary's College
FOR the purpose of authorizing the creation of a State Debt
in the amount of $800,000, the proceeds to be used for
the renovation of three buildings and various utility
systems, not including site development or central
energy monitoring systems, subject to the requirement
that Mt. St. Mary's College provide at least an equal
and matching fund for this project by a certain date;
providing for the disposition of funds not encumbered
by a certain date; providing that no proceeds of the
loan or its matching funds may be used for religious
purposes; 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 may borrow money and
incur indebtedness on behalf of the State of Maryland
through a State loan to be known as the Mt. St. Mary's
College Loan of 1981 in the aggregate principal amount of
$800,000. 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 1977 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.
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