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Session Laws, 1975
Volume 716, Page 2335   View pdf image
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MARVIN MANDEL, Governor

2335

rates of interest and dates of payment within the limits
of Article III, Section 34 of the Constitution of
Maryland that can be obtained for the same.

SECTION 4. AND BE IT FURTHER ENACTED, That so much
thereof as may be necessary shall be paid by the
Treasurer of the State upon the warrant of the
Comptroller out of the proceeds of the sale of said bonds
for the payment of the expense of engraving, printing and
other outlays connected with the issue of the loan hereby
authorized, and for the payment of the advertising
directed by this Act, and all other incidental expenses
connected with the execution of its provisions in
connection with said loan.

SECTION 5. AND BE IT FURTHER ENACTED, That the
actual cash proceeds of the sale of the bonds to be
issued under this Act shall be paid to the Treasurer of
the State upon the warrant of the Comptroller and such
proceeds shall be used exclusively for the following
purposes, to wit:

(1)    The Comptroller, immediately upon the
sale of and payment for said bonds, first, shall return
to and credit the Treasury for a sum equivalent to the
amount expended under Section 4 of this Act.

(2)    The remainder of the proceeds of such
loan shall be credited on the books of the State
Comptroller, to be expended as needed by the State, upon
approval by the Board of Public Works, for the
construction, acquisition, and/or renovation and
equipping of Community Mental Health Center Components
and Mental Retardation Facilities in this State.

(a) For the purposes of this Act, "facility"
means a Community Mental Health Center Component or
Mental Retardation Facility wholly owned by a county
and/or municipality and operated under such authority, or
a nonprofit Community Mental Health Center Component or
Mental Retardation Facility wholly owned by a nonprofit
organization as defined below and operated under its
authority, provided that the sponsor of such a facility
meets the following qualifications.

(1) It is a bona fide religious
organization, no part of the earnings of which inures to
the benefit of any individual or is used for any purpose
other than the maintenance and operation of the facility
or the purchase of equipment to be used in the facility
or the expansion of the facility; or

 

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Session Laws, 1975
Volume 716, Page 2335   View pdf image
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