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HARRY HUGHES, Governor 1319
specific days or at specific times on the basis of sex, the
country club does not discriminate under subsection (a) of this
section.]
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1986.
Approved May 13, 1986.
CHAPTER 335
(Senate Bill 500)
AN ACT concerning
Creation of a State Debt - The Johns Hopkins University
FOR the purpose of authorizing the creation of a State Debt in
the amount of $1,500,000 $1,000.000. the proceeds to be used
as a grant to the The Johns Hopkins University to assist in
the planning, design, renovation, alteration, and equipping
of Gilman Hall, subject to the requirement that the 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 The Johns Hopkins University Loan of 1986
in the total principal amount of $1,500,000 $1,000,000. 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 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,
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