HARRY HUGHES, Governor                                    1443

of Public Works that the matching fund will be provided. If
satisfactory evidence is presented, the Board shall certify this
fact to the State Treasurer and the proceeds of the loan shall be
expended for the purposes provided in this Act. If this evidence
is not presented by June 1, 1988, the proceeds of the loan shall
be applied to the purposes authorized in § 8-129 of the State
Finance and Procurement Article.

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

take effect June 1, 1986.
Approved May 13, 1986.

CHAPTER 376

(Senate Bill 881)

AN ACT concerning

Creation of a State Debt - Harford County

Economic Development

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

the amount of $1,500,000 $125,000, the proceeds to be used
as a grant to the County Executive and County Council of
Harford County for the purpose of improving the economic
development in Harford County through the planning, design,

reconstruction, rehabilitation, renovation, repair,

alteration, improvement, and equipping of a building in

Harford County, subject to to the Maryland Economic

Development Corporation for the purpose of improving the
economic development in Harford County through the planning
and design of the Bata Shoe Company Building in Harford
County, subject to the requirement that the County Executive
and County Council of Harford County provide at least an
equal and matching fund of a certain kind 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 Harford County Economic Development Loan
of 1986 in the total principal amount of $1,500,000 $125,000.
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