2018                                          LAWS OF MARYLAND                                      Ch. 248

entities for the acquisition, construction, equipping,
rehabilitation, and improvement of water supply facilities
under criteria, terms, and conditions required by this Act
and Chapter 306 of the Acts of the 1982 and certain
applicable rules and regulations; 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 Water Supply Facilities Loan of 1985 in
the aggregate principal amount of $1,000,000. 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 (1983
Replacement Volume and 1984 Supplement, as amended from time to
time).

(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 used by the
Secretary of Health and Mental Hygiene to provide financial
assistance to State and local governmental entities for the
purpose of assisting in the acquisition, construction, equipping,
rehabilitation, and improvement of water supply facilities under
the provisions of Chapter 306 of the Acts of 1982 and in
accordance with the rules and regulations of the Secretary of
Health and Mental Hygiene set forth in Code of Maryland
Regulations (COMAR) 10.17.12.

(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
an 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 June 1, 1985.

Approved May 21, 1985.