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Ch. 442
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1374
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LAWS OF MARYLAND
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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 443
(House Bill 764)
AN ACT concerning
Creation of a State Debt - Caroline County Jail
FOR the purpose of authorizing the creation of a State Debt in
the amount of $150,000 $110,000, the proceeds to be used as
a grant to the Board of County Commissioners of Caroline
County for the purpose of financing the costs of alteration,
enlargement, extension, expansion, improvement,
reconstruction, rehabilitation, renovation, and repair of
the Caroline County Jail and certain related expenses,
subject to the requirement that Caroline County provide at
least an equal and matching amount 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 Caroline County Jail Loan of 1983 in the
aggregate principal amount of $150,000 $110,000. 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
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
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