HARRY HUGHES, Governor
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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: for a grant
to the Mayor and City Council of Baltimore for the
construction, renovation, improvement, and equipping
equipment of Memorial Stadium on 33rd Street in the City of
Baltimore.
(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 663
(House Bill 919)
AN ACT concerning
Creation of a State Debt -
Maryland Science Center
FOR the purpose of authorizing the creation of a State Debt
in the amount of $750,000 $500,000, the proceeds to be
used for a grant to the Maryland Academy of Sciences
for alteration, expansion, improvement, and renovation
of the Maryland Science Center in Baltimore City; ,
subject to the requirement that the Maryland Academy of
Sciences provide at least an equal and matching fund of
a certain kind for the same purpose by a certain date;
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 Maryland Science
Center Loan of 1982 in the aggregate principal amount of
$750,000 $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
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