1422                                             LAWS OF MARYLAND                                        Ch. 368

(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: 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.

(4)  An annual State tax is imposed on all assessable
property in the State in rate and amount sufficient to pay the
principal of and interest on the bonds, as and when due and until
paid in full. The principal shall be discharged within 15 years
after the date of issue of the bonds.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall

take effect June July 1, 1986, contingent on the taking effect of

Chapter ___ of the Acts of 1986 (H.B. 474/S.B. 273), and if

Chapter _ does not become effective, this Act is shall be null

and void without the necessity of further action by the General
Assembly.

Approved May 13, 1986.

CHAPTER 368

(Senate Bill 807)

AN ACT concerning

Mine Reclamation and Water Quality

Restoration Loan of 1970

FOR the purpose of reducing the authorized aggregate amount of

the Mine Reclamation and Water Quality Restoration Loan of
1970 and reducing the aggregate amount of State certificates
of indebtedness authorized to evidence the loan.

BY repealing and reenacting, with amendments,

Chapter 247 of the Acts of the General Assembly of 1970, as

amended by Chapter 4 of the Acts of the General
Assembly of the Special Session of 1973

Section 4(a) and (c)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF

MARYLAND, That the Laws of Maryland read as follows: