SECTION 26. AND BE IT FURTHER ENACTED, That, at the end of September
30, 2002, and with no further action required by the General Assembly, § 27-208 of
the Insurance Article, as enacted by Chapter f H.B. 11) of the Acts of the General
Assembly of 1997, shall be void and § 27-208 of the Insurance Article, as enacted by
Section 11 of this Act, shall take effect. This section supersedes the termination and
abrogation provisions of Section 2 of Chapter 24 of the Acts of the General Assembly
of 1996.]
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take
effect October 1, 1999.
Approved April 13, 1999.
CHAPTER 52
(Senate Bill 792)
AN ACT concerning
Prince George's County - Town of Bladensburg - Bostwick House
FOR the purpose of amending Chapter 250 of the Acts of the General Assembly of
1997, the Prince George's County - Town of Bladensburg - Bostwick House Loan
of 1997, to alter the amount of the matching fund that the recipient shall
provide and expend; and making this Act an emergency measure.
BY repealing and reenacting, with amendments;
Chapter 250 of the Acts of the General Assembly of 1997
Section 1
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Chapter 250 of the Acts of 1997
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 Prince
George's County - Town of Bladensburg - Bostwick House Loan of 1997 in [a total
principal amount equal to the lesser of (i) $350,000 or (ii) the amount of the matching
fund provided in accordance with Section 1(5) below] THE TOTAL PRINCIPAL AMOUNT
OF $350,000. 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.
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