Ch. 142

LAWS OF MARYLAND

SECTION 2. AND BE IT FURTHER ENACTED, That the provisions
of this Act apply to any foreign judgment filed after the
effective date of this Act.

SECTION 3. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1989.

Approved May 5, 1989.

CHAPTER 142

(Senate Bill 552)

AN ACT concerning

Creation of a State Debt - The Johns Hopkins University

FOR the purpose of authorizing the creation of a State Debt in
the amount of $2,500,000 $2,000,000 the proceeds to be used
as a grant to The Johns Hopkins University to assist in the
planning, design, construction, and equipping of a physics
and astronomy building, subject to the requirement that The
Johns Hopkins University provide up to a certain sum of a
certain type of funds as a matching fund 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 Johns Hopkins University Loan of 1989 in
the total principal amount of $2,500,000 $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.

(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,

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