HARRY HUGHES, Governor

4649

BY repealing and reenacting, with amendments,

Chapter 731 of the Acts of the General Assembly of 1980
Section 1(1), (3) and (5)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That chapter(s) of the Acts of the General
Assembly read(s) as follows:

Chapter 731 of the Acts of 1980

AN ACT concerning

Creation of a State Debt -
The NATIONAL Museum of Ceramic Art

FOR the purpose of authorizing the creation of a State Debt
in the amount of $60,000, the proceeds to be used for
the renovation and equipping of a building [in
Columbia, Maryland,] to house the NATIONAL Museum of
Ceramic Art, subject to the condition that a certain
matching fund be provided 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 NATIONAL Museum of
Ceramic Art Loan of 1980 in the aggregate principal amount
of $$60,000 $60,000. 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 1979 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 the
renovation and equipping of a building in [Columbia,]
Maryland, to house the NATIONAL Museum of Ceramic Art.