1192

LAWS OF MARYLAND

Ch. 286

Section 1(3)(C)(5)(a)

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 General Construction Loan of 1986 in the
total principal amount of $109,207,000 $97,522,000 $90,084,000
$90,627,000. This loan shall be evidenced by the issuance,
sale, and delivery of State general obligation bonds authorized
by a resolution of the Board of Public Works and issued, sold,
and delivered in accordance with §§ 8-117 through 8-124 of the
State Finance and Procurement Article and Article 31, § 22 of the
Code.

(2)  The bonds issued to evidence this loan or installments
of this loan may be sold as a single issue or may be consolidated
and sold as part of a single issue of bonds under § 8-122 of the
State Finance and Procurement Article.

(3)  The cash proceeds of the sale of the bonds shall be
paid to the Treasurer and first shall be applied to the payment
of the expenses of issuing, selling, and delivering the bonds,
unless funds for this purpose are otherwise provided, and then
shall be credited on the books of the Comptroller and expended,
on approval by the Board of Public Works, for the following
public purposes, including any applicable architects' and
engineers' fees:

GENERAL CONSTRUCTION LOAN OF 1986

(A) Board of Public Works:

(1)  State Government Center - Annapolis (Anne
Arundel County):

(a) Construct fifth and final unit adjacent to

Unit "D", Tawes State Office Building..............8,480,000

(b) Design and prepare detailed plans and

specifications for new State Office Building......265,000

(c) Renovate historic Shaw House to correct

serious deterioration and structural problems..... 340,000

(2) State Office Center - Baltimore (Baltimore

City):

Replace elevator controls in State Office

Building No. 4.....................................380,000

(2) State Office Center - Baltimore (Baltimore

City):