Ch. 246 LAWS OF MARYLAND
(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 Bon Secours Hospital Baltimore, Inc., for the
demolition of part of the existing facility, renovation of part of the existing facility, and
the design, planning, and construction of a new addition to the existing facility.
(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 Bon Secours Hospital Baltimore, Inc, shall
provide at least an equal and matching fund of $2.000,000. No part of an applicant's
matching fund may be provided, either directly or indirectly, from funds of the State,
whether appropriated or unappropriated. No part of the fund may consist of real
property, in kind contributions, or funds expended prior to the effective date of this
Act. In case of any dispute as to what money or assets may qualify as matching funds,
the Board of Public Works shall determine the matter, and the Board's decision is final.
The Bon Secours Hospital Baltimore, Inc. has until June 1, 1992, to present evidence
satisfactory to the Board of Public Works that the matching fund will be provided. If
satisfactory evidence is presented, the Board shall certify this fact to the State
Treasurer and the proceeds of the loan shall be expended for the purposes provided in
this Act. If this evidence is not presented by June 1, 1992. the proceeds of the loan shall
be applied to the purposes authorized in § 8-129 of the State Finance and Procurement
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take
effect June 1, 1990.
Approved May 2, 1990.
(Senate Bill 211)
AN ACT concerning
Charles County - Residential Property - Abatement of Nuisances
FOR the purpose of declaring certain conditions on residential property in Charles
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