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2002 LAWS OF MARYLAND
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Ch. 168
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CHAPTER 168
(Senate Bill 464)
AN ACT concerning
Baltimore County - Boys & Girls Clubs of Central Maryland, Inc. Arbutus
Community Center Loan of 2000
FOR the purpose of changing the name of the project, the grantee, the purpose, and
altering the date by which the grantee is required to provide a matching fund,
from June 1, 2002 to June 1, 2004, pursuant to Chapter 317 of the Acts of the
General Assembly of 2000, Baltimore County - Boys & Girls Clubs of Central
Maryland, Inc. Loan of 2000; and generally relating to the Baltimore County -
Boys & Girls Clubs of Central Maryland, Inc. Arbutus Community Center Loan
of 2000.
BY repealing and reenacting, with amendments,
Chapter 317 of the Acts of the General Assembly of 2000
Section 1(1), (3), and (5)
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Chapter 317 of the Acts of 2000
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 County - [Boys & Girls Clubs of Central Maryland, Inc.] ARBUTUS
COMMUNITY CENTER Loan of 2000 in a total principal amount equal to the lesser of
(i) $250,000 or (ii) the amount of the matching fund provided in accordance with
Section 1(5) below. 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.
(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 Boys &
Girls Clubs of Central Maryland, Inc.] THE COUNTY EXECUTIVE AND COUNTY
COUNCIL OF BALTIMORE COUNTY (referred to hereafter in this Act as "the grantee")
for the acquisition, DEMOLITION, renovation, repair, reconstruction, and capital
equipping of an existing building in Arbutus, Baltimore County, [Maryland,] for the
[Boys & Girls Clubs of Central Maryland] ARBUTUS COMMUNITY CENTER.
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