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1965
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HARRY HUGHES, Governor
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(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 moneys to
the Industrial Project Insurance Fund created by § 13-120 of the
Financial Institutions Article to be used by the Maryland
Industrial Development Financing Authority as a nonlapsing,
revolving fund for carrying out the provisions of the Maryland
Industrial Development Financing Authority Act.
(4) There is hereby levied and imposed an annual State tax
on all assessable property in the State in rate and amount
sufficient to pay the principal of and interest on the bonds as
and when due and until paid in full, such principal to be
discharged within fifteen years of the date of issue of the
bonds.
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SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect June 1, 1983.
Approved May 31, 1983.
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CHAPTER 606
(House Bill 394)
AN ACT concerning
School Employees - Communicable Tuberculosis
FOR the purpose of altering the provisions relating to
certification by school employees that they are free of
communicable tuberculosis; and making such certification
optional, rather than mandatory, at the discretion of
certain health officers.
BY repealing and reenacting, with amendments,
Article - Education
Section 7-404
Annotated Code of Maryland
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