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HARRY HUGHES, Governor 2027
OF THE INSURER THAT RESULT FROM THE USE OF AN ADJUSTABLE RATE, BY
RECEIVING HIGHER DIVIDENDS, HIGHER CASH VALUES, LOWER PREMIUMS,
OR A COMBINATION OF BENEFITS.
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SECTION 2. AND BE IT FURTHER ENACTED, That this Act applies
only to policies issued on or after July 1, 1983 . , unless the
policyholder agrees in writing to the applicability of the
provisions of this section.
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SECTION 3. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1983.
Approved May 31, 1983.
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CHAPTER 636
(House Bill 907)
AN ACT concerning
Creation of a State Debt - Solid
Waste Facilities Loan of 1983
FOR the purpose of authorizing the creation of a State Debt in
the amount of $4,000,000, the proceeds to be used to provide
State grants or loans to assist in the acquisition, design
(including project feasibility studies), construction,
equipping, and improvement of certain facilities or systems
for the collection, transportation, reduction, processing,
reprocessing, reclamation, recycling, separation, and
disposal of solid wastes; establishing conditions of
eligibility for and limitations on State financial
assistance under this Act; defining certain terms;
establishing certain priorities for funding; limiting the
amount of financial assistance to be made available; 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 Solid Waste Facilities Loan of 1983 in
the aggregate principal amount of $4,000,000. 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).
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