Ch. 588 LAWS OF MARYLAND
Approved May 29, 1990.

CHAPTER 588
(House Bill 630)

AN ACT concerning

Creation of a State Debt - South Baltimore Family Health Centers, Inc.

FOR the purpose of authorizing the creation of a State Debt in the amount of $700,000
$400,000 the proceeds to be used as a grant to the South Baltimore Family Health
Centers, Inc. for the planning, design, and construction of a new health center in
Baltimore, subject to the requirement that the South Baltimore Family Health
Centers, Inc. provide at least an equal and matching fund of a certain kind 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 South
Baltimore Family Health Centers, Inc. Loan of 1990 in the total principal amount of
$700,000 $400,000. 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 South Baltimore Family Health Centers, Inc. for
the planning, design, and construction of a new health center in Baltimore.

(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 South Baltimore Family Health Centers,
Inc. shall provide at least an equal and matching fund of $700,000 $400,000. No part of

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