VETOES
Sincerely,
William Donald Schaefer
Governor
House Bill No. 665
AN ACT concerning
Creation of a State Debt - Havre de Grace Decoy Museum
FOR the purpose of authorizing the creation of a State Debt in
the amount of $150,000, the proceeds to be used as a grant
to the Mayor and City Council of the City of Havre de Grace
for the purpose of rehabilitation, renovation,
reconstruction, restoration, site improvement, furnishing,
and equipping of the Havre de Grace Decoy Museum in the City
of Havre de Grace, subject to the requirement that the Mayor
and City Council of Havre de Grace 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 Havre de Grace Decoy Museum Loan of 1987
in the total principal amount of §150,000. 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 Mayor and City Council of the
City of Havre de Grace for the purpose of rehabilitation,
renovation, reconstruction, restoration, site improvement,
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