HARRY HUGHES, Governor                                      1907

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1985.

Approved May 21, 1985.

CHAPTER 204

(Senate Bill 500)

AN ACT concerning

Creation of a State Debt - Chesapeake Bay Water
Quality Loan of 1985

FOR the purpose of restoring, protecting, and improving the water
quality of the Chesapeake Bay and the waters of the State by
authorizing the creation of a State Debt in the amount of
$20,300,000 $19,300,000, the proceeds to be used for certain
programs or projects related to construction or improvements
at publicly owned sewage treatment works, to the control of
agriculturally related nonpoint sources of water pollution,
to the provision of industrial pretreatment, and to address
existing special water quality or public health needs; and
providing generally for the issuance 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 Chesapeake Bay Water Quality Loan of 1985
in the aggregate principal amount of $20,300,000 $19,300,000.
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 §§ 19 to 23 of Article 31 of the Code.

(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 be credited to the