HARRY HUGHES, Governor                                      2965

(ii) [$150,000] $250,000; and

(3) The equity investment to be guaranteed is to be
used primarily for working capital to perform a contract for a
project that a federal, State, or local government finances.

13-230.

(a) The Authority may utilize the [Contract Financing Fund]
GENERAL FUND to lend money to an applicant only if:

(1)  The applicant meets the requirements of this
subtitle;

(2)  The loan does not exceed [$150,000] $250,000; and

(3)  The loan is to be used primarily for working
capital to perform a contract for a project that a federal,
State, or local government finances.

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

Approved May 28, 1985.

CHAPTER 627

(House Bill 538)

AN ACT concerning

State Boat Act - Power Boat Race Courses

FOR the purpose of requiring the Department of Natural Resources
to adopt rules and regulations to govern power boat race
courses; requiring the Department to prohibit a person from
doing certain unauthorized activities on a power boat race

course; and generally relating to the establishment,

marking, and use of power boat race courses on the waters of
the State.

BY adding to

Article - Natural Resources

Section 8-704(g)

Annotated Code of Maryland

(1983 Replacement Volume and 1984 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows: