WILLIAM DONALD SCHAEFER, Governor                   Ch. 54 2

Chapter 286 of the Acts of the General Assembly of 1986
Section 1(3)(G)(5)(a)

BY repealing and reenacting, with amendments,

Chapter 597 of the Acts of the General Assembly of 1987
Section 1(3)(A)(3)(a), 1(3)(H)(4)(a), 1(3)(F)(1)(a)(7), and
l(3)(F)(l)(b)(2)

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 General Construction Loan of 1988 in the
total principal amount of $116,000,000 $114,916,000 $113,591,000
$113,381,000 $111,541,000. 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,
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:

GENERAL CONSTRUCTION LOAN OF 1988

(A) Board of Public Works:

(1)  State Office Center - Baltimore
(Baltimore City):

Renovate O'Conor Building and garage.............. 3,720,000

(2)  General:

(a) Provide Phase II funds for Polychlorinated
Biphenyl safety program at State office
complexes (statewide)............................. 6,000,000

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