WILLIAM DONALD SCHAEFER, Governor Ch. 177
Approved April 24, 1990.

CHAPTER 177
(House Bill 737)

AN ACT concerning

Garrett County - Glendale Bridge Loan of 1988

FOR the purpose of amending Chapter 501 of the Acts of the General Assembly of
1988 to extend the time for the County Commissioners of Garrett County to
provide certain evidence of a matching fund to the Board of Public Works; and
making a technical correction.

BY repealing and reenacting, with amendments,

Chapter 501 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 501 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 Glendale
Bridge Loan of 1988 in the total principal amount of $200,000. 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 Board of County Commissioners of
Garrett County for the purpose of the planning, design, and construction of a
replacement bridge for the Glendale Bridge over Deep Creek Lake, including the costs
of land acquisition and utility relocation associated with the Glendale Bridge project.

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