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Ch. 570
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2000 LAWS OF MARYLAND
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CHAPTER 570
(House Bill 53)
AN ACT concerning
Creation of n State Debt Harford County - Ripken Museum Loan of 1998
FOR the purpose of authorizing the creation of a State Debt in the amount of
$200,000, the proceeds to be used as a grant to the Board of Directors of the
Ripken Museum, Inc. for certain development or improvement purposes;
providing for disbursement of the loan proceeds, subject to a requirement that
the grantee provide and expend a matching fund; and providing generally for
the issuance and sale of bonds evidencing the loan.
FOR the purpose of amending Chapter 158 of the Acts of the General Assembly of
1998, Harford County - Ripken Stadium Loan of 1998, to change the grantee to
the Board of Directors of Ripken Museum, Inc., to change the project name to
Harford County - Ripken Museum, to change the purpose of the project to the
acquisition of a building at 11 West Belair Avenue in Aberdeen, the building to
be used as a museum, for administrative offices, and for the storage of
memorabilia, and to extend the date by which the grantee shall provide and
expend a matching fund.
BY repealing and reenacting, with amendments,
Chapter 158 of the Acts of the General Assembly of 1998
Section 1
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the laws of Maryland read as follows:
(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 Harford
County—Ripken Museum Loan of 2000 in the total principal amount of $200,000.
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: as a grant to the Board of Directors of the Ripken
Museum, Inc. (referred to hereafter in this Act as "the grantee") for the acquisition of
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