HARRY HUGHES, Governor
2655
directly or indirectly, through a sewer system of adequate
capacity, to a sewage treatment plant capable of maintaining
the water quality standards of the State. No loan may be
made for a project which is likely to cause untreated sewage
to spill from an existing sewer or to cause untreated or
inadequately treated sewage to bypass a sewage treatment
plant.
(5) The loan shall bear the same rate of
interest as the bonds from which proceeds are used to
provide the loan.
(6) The loan shall be repaid within 30 years,
and the first payment shall be made at a time stipulated by
the Board of Public Works.
(7) Before any loan is made, the petitioner
shall execute an agreement specifying the purpose, amount,
and manner of repayment of the loan and such other terms and
conditions as may be required by regulations of the Board of
Public Works. The agreement shall be signed on behalf of
the State by the Department of Health and Mental Hygiene and
shall be approved by the Board of Public Works.
(8) Except in extraordinary circumstances,
determined by the Department of Health and Mental Hygiene
and the Board of Public Works, a petitioner may receive no
more than a total of five hundred thousand dollars
($500,000) in one or more new loans during any calendar
year.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect June 1, 1982.
Approved May 20, 1982.
CHAPTER 307
(Senate Bill 961)
AN ACT concerning
Department of Economic and Community Development -
Maryland Magazine
FOR the purpose of establishing Maryland Magazine as a
nonprofit magazine in the Department of Economic and
Community Development for the purpose of educating the
public on the quality of life in Maryland; and
providing for a certain fund to be used for certain
purposes of Maryland Magazine.
|