HARRY HUGHES, Governor

3573

The Attorney General has advised me that, as amended,
the same per diem rate cannot be constitutionally
implemented so as to increase or decrease the flat rate
allowance paid to an incumbent Supervisor during his term.
Maryland Constitution, Article III, Section 35.

For this reason I have decided to veto House Bill 696,
with the consent of the sponsor.

Sincerely,
Harry Hughes
Governor

House Bill No. 735

AN ACT concerning

Creation of a State Debt -
Industrial and Commercial Redevelopment Fund

FOR the purpose of authorizing the creation of a State Debt
in the amount of $5,000,000, the proceeds to be used to
continue the Industrial and Commercial Redevelopment
Fund 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 Industrial and
Commercial Redevelopment Loan of 1981 in the aggregate
principal amount of $5,000,000. 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