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ROBERT L. EHRLICH, JR., Governor Ch. 46
Article - State Finance and Procurement
Section 8-113
Annotated Code of Maryland
(2001 Replacement Volume and 2005 Supplement)
BY repealing and reenacting, with amendments.
Article - Education
Section 5-302(e)
Annotated Code of Maryland
(2004 Replacement Volume and 2005 Supplement)
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 Maryland Consolidated Capital Bond Loan of 2006 in the total principal amount
of $669,358,000 $708,884,004 $711,157,833. 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 Sections 8-117 through 8-124 of the State Finance and Procurement Article and
Article 31, Section 22 of the Code.
(2) The bonds to evidence this loan or installments of this loan may be
sold as a single issue of bonds under Section 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:
EXECUTIVE DEPARTMENT - GOVERNOR
DA02.01 DEPARTMENT OF DISABILITIES
(A) Accessibility Modifications. Provide funds to design and
construct handicapped accessibility modifications at
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State-owned facilities (Statewide)................................................
DA07 DEPARTMENT OF AGING
(A) Senior Citizens Activities Centers Grant Program. Provide
grants to acquire property and to design, construct, renovate,
and equip senior citizen activities centers. The funds
appropriated for this purpose shall be administered in
accordance with Article 70B, Sections 26 through 32
(Statewide).......................................................................................
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1,600,000
1,393,000
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- 281 -
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