WILLIAM DONALD SCHAEFER, Governor Ch. 373

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

Approved May 2, 1990.

CHAPTER 373
(House Bill 1089)

AN ACT concerning

Creation of a State Debt - Jewish Community Center of Greater Washington, Inc.

FOR the purpose of authorizing the creation of a State Debt in the amount of $350,000
the proceeds to be used as a grant to the Jewish Community Center of Greater
Washington, Inc. for the renovation of the facility on Montrose Road in
Montgomery County, subject to the requirement that the Jewish Community
Center of Greater Washington, Inc. provide at least an equal and matching fund
of a certain kind for the same purpose by a certain date; providing that no
proceeds of the loan or any of the matching funds may be used for certain
religious purposes; 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 Jewish
Community Center of Greater Washington, Inc. Loan of 1990 in 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.

(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 Jewish Community Center of Greater Washington,
Inc. for the renovation of the facility on Montrose Road in Montgomery County.

(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

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