HARRY HUGHES, Governor                                  3667

Approved June 1, 1982.

CHAPTER 664

(House Bill 921)

AN ACT concerning

Creation of a State Debt - Baltimore Zoo

FOR the purpose of authorizing the creation of a State Debt
in the amount of $700,000, the proceeds to be used for
a grant to the Mayor and City Council of Baltimore for
the renovation, restoration, rehabilitation, repair,
alteration, and improvement of the Baltimore Zoo,
subject to the condition that Baltimore City the Mayor
and City Council of Baltimore or the Baltimore
Zoological Society or both 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 Baltimore Zoo Loan
of 1982 in the aggregate principal amount of $700,000. 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: for a grant
to the Mayor and City Council of Baltimore for the
renovation, restoration, rehabilitation, repair, alteration,
and improvement of the Baltimore Zoo.