Ch. 278 LAWS OF MARYLAND

(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 Baltimore for the
design, construction, and equipping of the new Baltimore City Correctional Facility.

(4) An annual State tax is imposed 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. The principal shall be discharged within 15 years after the
date of issue of the bonds.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take
effect June 1, 1990.

Approved May 2, 1990.

CHAPTER 278
(Senate Bill 654)

AN ACT concerning

Horse Racing - Harness Tracks

FOR the purpose of altering the method for allocating days of racing to harness tracks;
repealing authority for the Maryland Racing Commission to place certain
conditions on certain awards of racing days; and generally relating to the licensing
of harness tracks to conduct horse racing.

BY repealing and reenacting, without amendments,
Article 78B - Racing Commission
Section 17(a)

Annotated Code of Maryland
(1988 Replacement Volume and 1989 Supplement)

BY repealing and reenacting, with amendments,
Article 78B - Racing Commission
Section 17(a) and (b)(5) 17(b)(5)
Annotated Code of Maryland
(1988 Replacement Volume and 1989 Supplement)

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