HARRY HUGHES, Governor

3631

through a State loan to be known as the Dundee Saltpeter
Creeks Loan of 1982 in the aggregate principal amount of
$4,000,000 $2,000,000. 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 1981 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: as a grant
to Baltimore County for land acquisition in the
Dundee-Saltpeter Creeks Natural Environmental area.

(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.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect June 1, 1982.

Approved June 1, 1982.

CHAPTER 647

(House Bill 778)

AN ACT concerning

Caroline County - Alcoholic Beverages Licenses

FOR the purpose of altering the license fees in Caroline
County for the following alcoholic beverages licenses:
Class A, B, C, and D beer licenses; Class A, D, and H
beer and light wine licenses; Class A, B, C, and D
beer, wine and liquor licenses; imposing a license fee