WILLIAM DONALD SCHAEFER, Governor Ch. 413

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1987.

Approved May 14, 1987.

CHAPTER 413

(Senate Bill 952)

AN ACT concerning

Creation of a State Debt - Caroline County Jail

FOR the purpose of authorizing the creation of a State Debt in
the amount of $1,000,000 $100,000, the proceeds to be used
as a grant to the Board of County Commissioners of Caroline
County to plan for the expansion, enlargement, and addition
to the Caroline County Jail, subject to the requirement that
the Board of County Commissioners of Caroline 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 Caroline County Jail Loan of 1987 in the
total principal amount of $1,000,000 $100,000. 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,
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 Board of County Commissioners

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