Ch. 125

1996 LAWS OF MARYLAND

plans and outline specifications to the Department of Budget and Fiscal Planning for
approval before funds may be expended from the appropriation.

SECTION 10. AND BE IT FURTHER ENACTED, That no portion of the
proceeds of a loan or any of the matching funds provided for a project funded under this
Act may be used for the furtherance of sectarian religious instruction, or in connection
with the design, acquisition, construction, or equipping of any building used or to be used
as a place of sectarian religious worship or instruction, or in connection with any program
or department of divinity for any religious denomination. Upon the request of the Board
of Public Works, a recipient of the proceeds of a loan under this Act shall submit
evidence satisfactory to the Board that none of the proceeds of the loan or any matching
funds has been or is being used for a purpose prohibited by this Act.

SECTION 11. AND BE IT FURTHER ENACTED, That:

(a)     the Comptroller may advance funds from any loan fund account to any other
loan fund account established pursuant to a general obligation loan enabling act, under
the authority of which general obligation bonds have been issued, for any expenditure
authorized by such Act.

(b)    with the approval of the Board of Public Works, the Comptroller may advance
funds to any loan fund account established pursuant to a general obligation loan enabling
act, for which an approving legal opinion has been received by the Board, for any
expenditure authorized by the Act, provided that the next sale of general obligation bonds
shall include the issuance of bonds under the authority of that Act in an amount at least
equivalent to the amount of the funds so advanced.

SECTION 12. AND BE IT FURTHER ENACTED, That the net new debt to be
authorized by legislation in Fiscal Year 1997 shall not exceed $400,000,000, as evidenced
by the following:

BUDGET SUMMARY ($)

FY 1997 Debt to be Authorized by This Bill..........................

FY 1997 Debt to be Authorized by Separate Legislation for

Independent Colleges and Universities...........................

FY 1997 Debt to be Authorized by Separate Legislation for

Private Hospitals..........................................................

FY 1997 Debt to be Authorized by Separate Legislation for

Projects of Subdivisions and Nonprofit Organizations.—
FY 1997 Debt Authorized by Chapter 400, Acts of 1993, as

amended by Chapter 131, Acts of 1995, for the

Baltimore City Convention Center......

SUBTOTAL.............................................................................

Reductions in Previously Authorized State Debt Made in

-      This Bill..................................................................

NET NEW DEBT TO BE AUTHORIZED IN FY 1997.....

SUMMARY OF REDUCTIONS IN PREVIOUSLY AUTHORIZED STATE DEBT

Reductions in Previously Current Amount Reduced Amount

Authorized State Debt           of Authorization of Authorization Reduction

$375,876,000

6,500,000

5,000,000 12,500,000

10,000,000 $409,876,000 (9,876,000) $400,000,000

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