WILLIAM DONALD SCHAEFER, Governor Ch. 206
Article 70B - Office on Aging

SENIOR CITIZEN ACTIVITIES CENTERS CAPITAL IMPROVEMENT GRANTS

PROGRAM

26.

(A) FOR PURPOSES OF SECTIONS 26 THROUGH 32 OF THIS SUBTITLE,
THE FOLLOWING TERMS HAVE THE MEANINGS INDICATED.

(B) "BOND" MEANS ANY BOND, NOTE, OR OTHER EVIDENCE OF
INDEBTEDNESS OR OBLIGATION THAT THE STATE IS AUTHORIZED TO
ISSUE UNDER THIS ARTICLE.

(C) "CAPITAL EQUIPMENT" MEANS ESSENTIAL FIXED EQUIPMENT
AND FURNISHINGS THAT HAVE AN EXPECTED USEFUL LIFE OF AT LEAST
15 YEARS.

(D) (1) "COST", AS APPLIED TO ANY PROJECT, INCLUDES THE
COST OF AND ALL EXPENSES INCIDENT TO THE CONSTRUCTION,
ACQUISITION, CONVERSION, RENOVATION, OR IMPROVEMENT OF A
PROJECT FOR USE AS A SENIOR CITIZEN ACTIVITIES CENTER,
INCLUDING THE COST AND EXPENSES OF:

(I) ANY INTEREST IN REAL OR PERSONAL PROPERTY
ACQUIRED IN CONNECTION WITH IT;

(II) FINANCIAL, TECHNICAL, PROFESSIONAL,
ENGINEERING, AND LEGAL SERVICES;

(III) PLANS, SPECIFICATIONS, SURVEYS, ESTIMATES OF
COSTS AND REVENUES, FEASIBILITY OR PRACTICABILITY REPORTS,
MACHINERY, EQUIPMENT, ADMINISTRATIVE EXPENSES, AND OTHER
EXPENSES THAT ARE NECESSARY AND INCIDENT TO THE FINANCING
AUTHORIZED FOR THE CONSTRUCTION, ACQUISITION, CONVERSION,
RENOVATION, OR IMPROVEMENT; AND

(IV) FINANCING THE—PROJECT,—INCLUDING—FINANCE
CHARGES AND INTEREST BEFORE, DURING, AND FOR 1 YEAR AFTER
COMPLETION OF CONSTRUCTION; AND

[V] (IV) THE DEVELOPMENT OF A SENIOR CITIZEN
ACTIVITIES CENTER MASTER PLAN.

(2) "COST", AS TO ANY OBLIGATION OR EXPENSE THAT IS
INCURRED BEFORE THE BONDS ARE ISSUED, ALSO INCLUDES THE COST
AND EXPENSE OF ENGINEERING SERVICES, ESTIMATES OF COSTS AND
REVENUES, AND ANY OTHER TECHNICAL OR PROFESSIONAL SERVICES
THAT MAY BE USED IN THE CONSTRUCTION, ACQUISITION,
CONVERSION, RENOVATION, OR IMPROVEMENT OF A PROJECT.

(E) "DIRECTOR" MEANS THE DIRECTOR OF THE MARYLAND

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