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Session Laws, 1986
Volume 768, Page 2105   View pdf image
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HARRY HUGHES, Governor

2105

(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,
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 County Executive and County
Council of Anne Arundel County for the purpose of the planning,
design, reconstruction, restoration, renovation, rehabilitation,
improvement, and equipping of the Kuethe Library in Anne Arundel
County to serve as a county archives.

(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 1, 1986.

Approved May 13, 1986.

CHAPTER 598

(House Bill 1829)

AN ACT concerning

Talbot County Jail Loan of 1984

FOR the purpose of amending the provisions of the Talbot County
Jail Loan of 1984 to extend the time for the County Council
of Talbot County to present evidence satisfactory to the
Board of Public Works that a certain matching fund will be
provided for the planning of a county jail.

BY repealing and reenacting, with amendments,

Chapter 327 of the Acts of the General Assembly of 1984
Section 1

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

 

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Session Laws, 1986
Volume 768, Page 2105   View pdf image
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