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1817
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HARRY HUGHES, Governor
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Approved May 31, 1983.
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CHAPTER 568
(House Bill 345)
AN ACT concerning
Creation of a State Debt - Water Quality Loan of 1983
FOR the purpose of authorizing the creation of a State Debt in
the amount of $12,000,000, the proceeds to be used to
provide State grants to assist in the construction and
equipping of sewage treatment plants and related facilities
and in the extension and improvement of existing public
sanitary sewer systems; establishing conditions of
eligibility for and limitations on these State grants; 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 Water Quality Loan of 1983 in the
aggregate principal amount of $12,000,000. 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 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
Works, for the following public purposes, including any
applicable architects' and engineers' fees: to provide State
grants to assist in the construction and equipping of sewage
treatment plants and related facilities and in the extension and
improvement of existing public sanitary sewer systems. A project
involving any improvement to or enlargement of sanitary sewerage
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