WILLIAM DONALD SCHAEFER, Governor Ch. 625

to be used by the Department of Economic and Community
Development" to the implementation by the Department of
Housing and Community Development in cooperation with local
governments of "rental housing demonstration programs or
projects the partnership rental housing program as a rental
housing demonstration program in accordance with Article
41B, § 2-204(5) " .

BY repealing and reenacting, with amendments,

Chapter 192 of the Acts of the General Assembly of 1985
Section 1

BY repealing and reenacting, with amendments,

Chapter 468 of the Acts of the General Assembly of 1986
Section 1

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

Chapter 192 of the Acts of 1985

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 Maryland Housing Fund Loan of 1985 in the
aggregate principal amount of $5,000,000. This loan shall be
evidenced by the issuance and sale of State general obligation
bonds authorized by a resolution of the Board of Public Works and
issued, sold, and delivered in accordance with §§ 19 to 23 of
Article 31 of the Code. THIS AUTHORIZATION OF STATE DEBT SHALL
EXTEND UNTIL JUNE 1, 1990.

(2)  The bonds issued to evidence this loan or installments
thereof may be sold as a single issue or may be consolidated and
sold as part of a single issue of bonds under § 2B of Article 31
of the Code.

(3)  The actual cash proceeds of the sale of $2,000,000 OF
the bonds shall be paid to the Treasurer and shall be first
applied to the payment of the expenses of issuing and delivering
the bonds, unless funds for this purpose are otherwise provided,
and thereafter shall be credited on the books of the State
Comptroller and expended, upon approval by the Board of Public
Works, for the following public purposes, including any
applicable architects' and engineers' fees: to be added to the
Maryland Housing Fund established by Article 41, § 257K of the

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