WILLIAM DONALD SCHAEFER, Governor Ch. 465

natural resources where feasible in response to a release or
threatened release of any controlled hazardous substance, to the
extent the costs are not reimbursable under the Comprehensive
Environmental Response, Compensation, and Liability Act of 1980;
and

(b) The State share mandated under § 104(c)(3) of the
Comprehensive Environmental Response, Compensation, and Liability
Act of 1980.

(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, 1987.

Approved May 14, 1987.

CHAPTER 46 5

(House Bill 426)

AN ACT concerning

Creation of a State Debt - MSBDFA - Small
Business Surety Bond Guaranty
Program Loan of 1987

FOR the purpose of authorizing the creation of a State Debt in
the amount of $2,500,000, the proceeds to be added to the
Small Business Surety Bond Guaranty Fund to be used by the
Maryland Small Business Development Financing Authority for
the purposes prescribed by law for the fund; 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 Small Business Surety Bond Guaranty
Program Loan of 1987 in the total principal amount of $2,500,000.
This loan shall be evidenced by the issuance, sale, and delivery
of State general obligation bonds authorized by a resolution of

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