5086

VETOES

certain property in connection with those buildings,
site improvements, and facilities by the counties,
including Baltimore City; 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 General Public
Junior, Community, ear and Regional Community College
Construction Loan of 1982 in the aggregate principal amount
of $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 Cumulative 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:

To supplement the financing of the design and
construction of public junior, community, or and regional
community college buildings, site improvements, and
facilities and to supplement the financing of acquisition of
real estate or interests in land required in connection with
those buildings, site improvements, and facilities, by the
counties in this State and by the Mayor and City Council of
Baltimore, upon the following terms and conditions:

(a) Whenever any county or the City of Baltimore
desires, or whenever the counties that support a regional
community college desire, to participate in the financial
assistance which is provided for by this Act, the county
commissioners or county council thereof, or the Mayor and
City Council of Baltimore, shall file with the State Board
for Community Colleges a petition and such information as
the State Board for Community Colleges requires, together
with a complete proposal for each project for which
financial assistance is desired.