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Session Laws, 1983
Volume 745, Page 1335   View pdf image
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1335
HARRY HUGHES, Governor
SECTION 2. AND BE IT FURTHER ENACTED, That the State is not
liable, under the terms of this Act, for interest on any amount
due under a procurement contract and remaining unpaid for any
period prior to July 1, 1983.
SECTION 2 3. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1983. Approved May 24, 1983.
CHAPTER 420 (House Bill 362) AN ACT concerning Creation of a State Debt - Maryland Theater Association FOR the purpose of authorizing the creation of a State Debt in
the amount of $100,000, the proceeds to be used as a grant
to the Maryland Theater Association for the renovation and
repair of a building at 21 South Potomac Street in
Hagerstown; subject to the requirement that the Maryland
Theater Association 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 Theater Association Loan of 1983
in the aggregate principal amount of $100,000. 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


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Session Laws, 1983
Volume 745, Page 1335   View pdf image
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