HARRY HUGHES, Governor

3933

This bill authorizes the County Commissioners of Cecil
County to issue general obligation bonds in the amount of
$1,100,000 to construct and equip an addition to the Cecil
Community College Arts and Science Building, provided that Cecil
Community College provides matching funds as determined by the
County Commissioners within two years of the County's bond
resolution.

House Bill 932, which was passed by the General Assembly and
signed by me on May 8, 1984, accomplishes the same purpose.
Therefore, it is not necessary for me to sign Senate Bill 674.

Sincerely,
Harry Hughes
Governor

Senate Bill No. 674

AN ACT concerning

Cecil County - Bonds for Community College

FOR the purpose of authorizing and empowering the County
Commissioners of Cecil County, from time to time, to borrow
not more than One Million One Hundred Thousand Dollars
($1,000,000 1,100,000), in order to finance the planning,
construction, and equipping of an addition to the Arts and
Science Building at the Cecil Community College, as herein
defined, and to effect such borrowing by the issuance and
sale at public or private sale of its general obligation
bonds in like par amount; empowering the County to fix and
determine, by resolution, the form, tenor, interest rate or
rates or method of determining the same, terms, conditions,
maturities and all other details incident to the issuance
and sale of the bonds; providing that the authority of the
County Commissioners to issue bonds under this Act is
revoked after a certain date; empowering the County to issue
refunding bonds for the purchase of redemption of bonds in
advance of maturity; empowering and directing the County to
levy, impose and collect, annually, ad valorem taxes in rate
and amount sufficient to provide funds for the payment of
the maturing principal of and interest on the bonds;
exempting the bonds and refunding bonds, and the interest
thereon and any income derived therefrom, from all State,
county, municipal and other taxation in the State of
Maryland; providing that the payment of funds under the
provisions of this Act is subject to a requirement that the
Cecil Community College provide a certain matching fund as
the County Commissioners of Cecil County may require; and
relating generally to the issuance and sale of such bonds.