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Session Laws, 1983
Volume 745, Page 166   View pdf image
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166 Ch. 21
LAWS OF MARYLAND
(c) The use of the proceeds of the sale of the bonds shall
be limited to expenditures for capital improvement projects
having an estimated service life of not less than fifteen (15)
years, and providing that such proceeds shall not be used for
current operating expenses of the City or other legal entity.
SECTION 4. AND BE IT FURTHER ENACTED, That: (a)  No part of the proceeds of sale of said bonds shall be
expended until after the Off-Street Parking Commission of
Baltimore City has submitted its written recommendation, which
shall set forth the purposes for, and the terms and conditions
upon, which each particular sum of money is to be expended, to
the Board of Estimates of the Mayor and City Council of Baltimore
and such recommendation has been approved by said Board of
Estimates. (b)  Any ordinance or ordinances submitting the whole or any
part of the debt authorized by this Act to the legal voters of
Baltimore City shall provide for the expenditure of the proceeds
thereof by the municipal agency designated in the annual
Ordinance of Estimates of the Mayor and City Council of
Baltimore.
SECTION 5. AND BE IT FURTHER ENACTED, That this Act is
hereby declared to be an emergency measure and necessary for the
immediate preservation of the public health and safety and having
been passed by a yea and nay vote supported by three-fifths of
all the members elected to each of the two Houses of the General
Assembly, the same shall take effect from the date of its
passage. Approved April 12, 1983.
CHAPTER 22 (House Bill 89) AN ACT concerning Baltimore City - Civic Center Bond Issue FOR the purpose of authorizing the Mayor and City Council of
Baltimore to create a debt, and to issue and sell its
certificates of indebtedness as evidence thereof, to an
amount not exceeding Two Million Five Hundred Thousand
Dollars ($2,500,000.00), the proceeds derived from the sale
of the certificates to be used for additions and
improvements to, and the renovation, rehabilitation,
modernization, and reconstruction of the Civic Center in


 
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Session Laws, 1983
Volume 745, Page 166   View pdf image
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