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Session Laws, 1986
Volume 768, Page 1421   View pdf image
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HARRY HUGHES, Governor                                    1421

(4)  THE DELETERIOUS EFFECT OF THE VIOLATION ON THE
PUBLIC AND THE SPORTING INDUSTRY; AND

(5)  THE ASSETS OF THE VIOLATOR.

(C) ANY CIVIL PENALTY COLLECTED UNDER THIS SECTION SHALL BE
PAID INTO THE GENERAL FUND OF THE STATE.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1986.

Approved May 13, 1986.

CHAPTER 367

(Senate Bill 801)
AN ACT concerning

Creation of a State Debt - Baltimore City
Correctional Facility Loan of 1986

FOR the purpose of authorizing the creation of a State Debt in

the amount of $800,000, the proceeds to be used as a grant
to the Mayor and City Council of Baltimore for land
acquisition, detailed planning, and site preparation for a
new Baltimore City Correctional Facility; making this Act
contingent on the passage of another Act; and providing
generally for the issuance 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 Baltimore City Correctional Facility Loan
of 1986 in the total principal amount of $800,000. 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.

 

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Session Laws, 1986
Volume 768, Page 1421   View pdf image
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