ROBERT L. EHRLICH, JR., Governor                           H.B. 355

Chapter 138 of the Acts of the General Assembly of 1985
Section 1

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

Chapter 389 of the Acts of 1984, as amended by Chapter 138 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 Redhouse
Run Stormwater Systems Loan of 1984 in the aggregate principal amount of
$3,000,000. 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 the provisions of §§ 19 to 23 of Article 31 of the
Annotated Code of Maryland (1983 Replacement Volume, as amended from time to
time).

(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 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: as a grant to the County Executive and
County Council of Baltimore County for the purpose of the reconstruction,
rehabilitation, renovation, reequipping, restoration, and improvement of the
stormwater systems along Redhouse Run in Baltimore County.

(4)     There is hereby levied and imposed an annual State tax on all assessable
property in the State in rate and amount sufficient to pay the principal of and interest
on the bonds as and when due and until paid in full, such principal to be discharged
within fifteen years of the date of issue of the bonds.

(5)     Prior to the payment of any funds under the provisions of this Act for the
purposes set forth in Section 1(3) above, the County Executive and County Council of
Baltimore County shall provide at least an equal and matching fund of $3,000,000. No
part of an applicant's matching fund may be provided, either directly or indirectly,
from funds of the State, whether appropriated or unappropriated. No part of the fund
may consist of real property, in kind contributions, or funds expended prior to the
effective date of this Act. In case of any dispute as to what money or assets may
qualify as matching funds, the Board of Public Works shall determine the matter, and
the Board's decision is final. The County Executive and County Council of Baltimore
County have until June 1, 1987, to present evidence satisfactory to the Board of
Public Works that the matching fund will be provided. If satisfactory evidence is

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