WILLIAM DONALD SCHAEFER, Governor Ch. 364
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 County Executive and County Council of Prince
George's County for the planning, design, and construction or the acquisition and
renovation of a facility to provide both residential and outpatient services for the care,
treatment, education, counseling, and rehabilitation of adolescents who are substance
abusers.
(4) An annual State tax is imposed on all assessable property in the State in rate
and amount sufficient to pay the principal of and interest on the bonds, as and when
due and until paid in full. The principal shall be discharged within 15 years after the
date of issue of the bonds.
(5) Prior to the payment of any funds under the provisions of this Act for the
purposes set forth in Section 1(3) above, the County Executive and County Council of
Prince George's County shall provide at least an equal and matching fund of $800,000.
No part of an applicant's matching fund may be provided, either directly or indirectly,
from funds of the State, whether appropriated or unappropriated. No part of the fund
may consist of real property or in kind contributions. Part of the The fund may consist
of funds expended prior to the effective date of this Act. In case of any dispute as to
what money or assets may qualify as matching funds, the Board of Public Works shall
determine the matter, and the Board's decision is final. The County Executive and
County Council of Prince George's County have until June 1, 1992 to present evidence
satisfactory to the Board of Public Works that the matching fund will be provided. If
satisfactory evidence is presented, the Board shall certify this fact to the State
Treasurer and the proceeds of the loan shall be expended for the purposes provided in
this Act. If this evidence is not presented by June 1, 1992, the proceeds of the loan shall
be applied to the purposes authorized in § 8-129 of the State Finance and Procurement
Article.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take
effect June 1, 1990.
Approved May 2, 1990.
CHAPTER 364
(House Bill 884)
AN ACT concerning
Prince George's County Sheriffs Office - Compensation
- 1213 -
|
|