WILLIAM DONALD SCHAEFER, Governor Ch. 549

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 29, 1990.

CHAPTER 549
(House Bill 253)

AN ACT concerning

Crcotion of a State Debt— Montgomery County Detention Center Loan of 1988

MC 119-90

FOR the purpose of amending Chapter 378 of the Acts of the General Assembly of
1988 to extend the time for the County Executive and County Council of
Montgomery County to provide to the Board of Public Works certain evidence of
a matching fund for the Montgomery County Detention Center Loan of 1988.

BY repealing and reenacting, with amendments,

Chapter 378 of the Acts of the General Assembly of 1988
Section 1

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Chapter 378 of the Acts of 1988

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 Montgomery
County Detention Center Loan of 1988 in the total principal amount of $250,000. 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'

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