PARRIS N. GLENDENING, Governor                             Ch. 216

[(d)](E) An enabling act under this section may contain:

(1)     an additional provision for all or part of the principal of and interest on
the State bonds issued under the enabling act to be paid primarily from sources of funds
other than a State tax on assessable property; and

(2)     any other additional provision that is appropriate to the purpose of the
enabling act and the nature of State bonds.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
June 1, 1995.

Approved May 9, 1995.

CHAPTER 216
(Senate Bill 841)

AN ACT concerning

Creation of a State Debt - Annapolis Historic District - City Dock Area Reconstruction

FOR the purpose of authorizing the creation of a State Debt not to exceed $5,000,000
$500,000 $250,000, the proceeds to be used as a grant to the Mayor and City Council
of Annapolis for certain development or improvement purposes; providing for
disbursement of the loan proceeds, subject to a requirement that the grantee
provide and expend a matching fund; requiring the grantee to grant and convey a
certain easement to the Maryland Historical Trust; and providing generally for the
issuance 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 Annapolis
Historic District - City Dock Area Reconstruction Loan of 1995 in a total principal
amount equal to the lesser of (i) $5,000,000 $5,000,000 $250,000 or (ii) the amount of the
matching fund provided in accordance with Section 1(5) below. 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

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