Ch. 340 LAWS OF MARYLAND

(ii) Title insurance;

(iii) Review of documents prepared by the borrower's attorney; or

(iv) Attendance at settlement by the lender's attorney.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take
effect July 1, 1990 January 1, 1991.

Approved May 2, 1990.

CHAPTER 340
(House Bill 578)

AN ACT concerning

Creation of a State Debt - Atlantic General Hospital

FOR the purpose of authorizing the creation of a State Debt in the amount of $991,000
$500,000 the proceeds to be used as a grant to the Worcester Memorial Hospital
Corporation for the planning and design of the Atlantic General Hospital in
Berlin in Worcester County, subject to the requirement that the Worcester
Memorial Hospital Corporation and the Board of County Commissioners of
Worcester County each provide at least an equal and matching fund of a certain
kind and amount 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 Atlantic
General Hospital Loan of 1990 in the total principal amount of $091,000 $500,000. 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 Worcester Memorial Hospital Corporation for the
planning and design of the Atlantic General Hospital in Berlin in Worcester County.

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