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1095
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HARRY HUGHES, Governor
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(II) THIS AMOUNT MAY NOT EXCEED $65 FOR EACH ELIGIBLE
INDIVIDUAL COMPLETING THE COURSE.
[(2)] (3) The funds provided for under this section
shall be independent of, separate from, and in addition to any
other State aid.
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SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1983.
Approved May 24, 1983.
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CHAPTER 322
(Senate Bill 287)
AN ACT concerning
Creation of a State Debt -
Maryland Institute, College of Art
FOR the purpose of authorizing the creation of a State Debt in
the amount of $720,000, the proceeds to be used for the
renovation of the Mount Royal Station including interior
space, mechanical systems, roof and site improvements,
located at Maryland Institute, College of Art, subject to
the requirement that Maryland Institute, College of Art
provide up to a certain sum of a certain type of funds as a
matching fund for the same purpose by a certain date;
providing that certain easements be granted to the Maryland
Historical Trust; and providing generally for the issue and
sale of bonds evidencing the loan.
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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 Institute, College of Art Loan
of 1983 in the aggregate principal amount of $720,000. 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 1982 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
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