Ch. 543
LAWS OF MARYLAND
MONEYS OF THE FUNDS NECESSARY FOR THE IMPLEMENTATION OF THE
EMERGENCY REGULATION; AND
(3) IF AN APPROPRIATION IS NOT CONTAINED IN THE STATE
BUDGET, THE SOURCE OF THE MONEYS FUNDS NECESSARY FOR THE
IMPLEMENTATION OF THE EMERGENCY REGULATION.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1987.
Approved May 14, 1987.
CHAPTER 543
(House Bill 1167)
AN ACT concerning
Creation of a State Debt - National Aquarium in Baltimore
FOR the purpose of authorizing the creation of a State Debt in
the amount of $3,500,000 $2,000,000, the proceeds to be used
for a grant to the Mayor and City of Baltimore for the
purpose of developing, improving, expanding, constructing,
and equipping the National Aquarium in Baltimore, subject to
the condition that a matching fund of a certain type and
amount be provided 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 National Aquarium in Baltimore Loan of
1987 in the total principal amount of $3,500,000 $2,000,000.
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.
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