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LAWS OF MARYLAND

Ch. 699

CHAPTER 699

(House Bill 1391)

AN ACT concerning

Creation of a State Debt - Johns Hopkins University School
of Hygiene and Public Health

FOR the purpose of authorizing the creation of a State Debt in
the amount of $2,500,000 $2,000,000, the proceeds to be used
as a grant to the Johns Hopkins University School of Hygiene
and Public Health to assist in the planning, design,
renovation, alteration, addition, and equipping of
laboratory, teaching, and office facilities, subject to the
requirement that the Johns Hopkins University provide up to
a certain sum of a certain type of funds as a matching fund
for the same purpose by a certain date; 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 Johns Hopkins University School of
Hygiene and Public Health Loan of 1985 in the aggregate principal
amount of $2,500,000 $2,000,000. 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: as a grant to the
Johns Hopkins University School of Hygiene and Public Health to
assist in the planning, design, renovation, alteration, addition,
and equipping of laboratory, teaching, and office facilities.