3796

LAWS OF MARYLAND

Ch. 797

(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 public purposes as indicated in the following

sections.

(4) The remaining actual cash proceeds of the sale of the
bonds shall , including any applicable architects' and engineers'
fees: to be credited to the Water Pollution Control Fund to be
expended for projects to improve the water quality of the
Chesapeake Bay and its tributaries as authorized under Title 9,
Subtitle 3, Part 6 of the Health - Environmental Article, subject
to the approval of the Board of Public Works as follows:

(a)  Not more than $4,000,000 $3,000,000 to provide
grants for projects to remove nitrogen from publicly owned
treatment works;

(b)  Not more than $2,000,000 to provide grants for
projects for the control of agriculturally related nonpoint
sources of pollution, provided, however, that only $500,000 may
be expended for projects on public lands;

(c)  Not more than $1,000,000 to provide grants for
projects to reduce pollution from stormwater runoff in existing
urban areas; and

(d)  Not more than $2,000,000 $1,900,000 to provide
loans or loan guarantees for projects for industrial
pretreatment.

(5) (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.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect on June July 1, 1984, contingent upon the taking

effect of Chapter_____ of the Acts of 1984 (H.B.

(41r1851)/S.B. _____(41r1584)) (H.B. 972/S.B. 658), and if

Chapter_____ does not become effective, this Act shall be null

and void and without the necessity of further action by the
General Assembly.