2660

LAWS OF MARYLAND

Ch. 910

by the issuance and sale of State general obligation bonds
authorized by a resolution of the Board of Public Works and
issued, sold and delivered in accordance with the provisions
of §§ 19 to 23 of Article 31 of the Annotated Code of
Maryland (1976 Replacement Volume and 1977 Supplement, as
amended from time to time).

(2) The bonds issued to evidence this loan or
installments thereof may be sold as a single issue, or may
be consolidated and sold as part of a single issue of bonds
under § 2B of Article 31 of the Code.

(3) The actual cash proceeds of the sale of the bonds
shall be paid to the Treasurer and shall be first applied to
the payment of the expenses of issuing and delivering the
bonds unless funds for this purpose are otherwise provided
and thereafter shall be credited on the books of the State
Comptroller and expended, upon approval by the Board of
Public Works, for the following public purposes, including
any applicable architects' and engineers' fees: for State
grants to local governmental agencies for (1) the conversion
of at least three or parts of three surplus public school
buildings to Elderly Citizen Activities Centers, and (2)
equipping the converted centers to serve the needs of
elderly citizens.

(a)    The Director of the Office on Aging is hereby
authorized and directed to develop rules and regulations to
carry out the intent of this Act, and to promulgate them
after they have been approved by the Board of Public Works.

(b)    Any local governmental agency may apply to the
Office on Aging for a State grant to be applied toward the
cost of converting a surplus school building or part of a
surplus school building to a Elderly Citizen Activities
Center. The allocation and use of State funds under this
Act shall be governed by and subject to the following
stipulations and limitations:

(i) State funds may be used only for the
following eligible work: preparation of plans and
specifications, site improvements, the conversion of surplus
public school buildings or parts of surplus public school
buildings to Elderly Citizen Activities Centers, and
providing for capital equipment for these centers to serve
the needs of elderly citizens. State grants shall not
exceed 50 percent of the total cost of eligible work, and no
State grant may exceed $200,000.

(ii) Any Federal grant which may be available
for this purpose shall be applied first to the cost of
converting and equipping an Elderly Citizen Activities
Center. State grants shall not exceed 50 percent of the
total cost of eligible work remaining unpaid after any
Federal grant has beer applied.

(iii) If, within 15 years after completion of
conversion, a facility with respect to which funds have been