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Session Laws, 1986
Volume 768, Page 1981   View pdf image
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HARRY HUGHES, Governor                                    1981

Works that the matching fund will be provided. If satisfactory

evidence is presented, the Board shall certify this fact to the

State Treasurer and the proceeds of the loan shall be expended

for the purposes provided in this Act. If this evidence is not

presented by June 1, 1988, the proceeds of the loan shall be
applied to the purposes authorized in § 8-129 of the State

Finance and Procurement Article.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall

take effect June 1, 1986.
Approved May 13, 1986.

CHAPTER 554

(House Bill 1267)
AN ACT concerning

Creation of a State Debt - Baltimore Association

for Retarded Citizens, Inc.

FOR the purpose of authorizing the creation of a State Debt in

the amount of $262,500 $250,000 $150,000. the proceeds to be
used as a grant to Baltimore Association for Retarded

Citizens, Inc. for the purpose of the land acquisition for

and the planning, design, construction, and equipping of a

center in Baltimore County to serve persons who have

multiple handicaps and for the purpose of the planning,

design, renovation, rehabilitation, reconstruction,

improvement, and equipping of the Dundalk Center to provide

improved instructional/work areas and for the purpose of the

construction of a loading dock at the Dundalk Center,

subject to the requirement that Baltimore Association for

Retarded Citizens, Inc. provide at least an equal and

matching fund of a certain kind for the same purpose by a

certain date; and providing generally for the issue and sale

of bonds evidencing the loan.

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 Baltimore Association for Retarded
Citizens, Inc. Loan of 1986 in the total principal amount of

$262,500 $250,000 $150,000. 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

 

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Session Laws, 1986
Volume 768, Page 1981   View pdf image
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