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2608 LAMS OF MARYLAND Ch. 918
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 Choptank River
Bridge Loan of 1976 in the aggregate principal amount of
[[$10,000,000]] [[$2,000,000]] $3,500,000. 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 Sections 19 to 23 of
Article 31 of the Annotated Code of Maryland (1971
Replacement Volume and 1975 Supplement, as amended from
time to time).
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 Section 2B of Article 31 of the Code.
(2) 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: for the construction of a bridge over
the Choptank River located at Denton in Caroline County,
Maryland.
(3) 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.
(4) This Act shall take effect June 1, 1976.
Approved May 25, 1976.
CHAPTER 919
(House Bill 246)
AN ACT concerning
Pesticide Applicator's Law — [[Restitution]]
Indemnification
FOR the purpose of providing that the Court may award
[[restitution]] indemnification for financial injury
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