1098

LAWS OF MARYLAND

Ch. 270

AN ACT concerning

Howard County Elderly Citizen Activities Centers
Improvements Loan

FOR the purpose of providing that, in Howard County, certain
cash proceeds from the sale of bonds amortized under
Chapter 910 of the Acts of 1978, as amended, may be
used for the design, planning, construction, and
equipping of new buildings for use as Elderly Citizen
Activities Centers, under certain conditions; providing
that certain State grants for Elderly Citizen
Activities Centers may cover the total cost of the
eligible work, not exceeding a certain amount, under
certain conditions; and clarifying language.

BY repealing and reenacting, with amendments,

Section 1

Chapter 910 of the Acts of the General Assembly of
Maryland of 1978, as amended by Chapter 466 of the
Acts of the General Assembly of 1979

SECTION 1. BE IT ENACTED BY THE GENERAL    ASSEMBLY OF

MARYLAND, That chapter(s) of the Acts of    the General

Assembly be repealed, amended, or enacted    to read as
follows:

Chapter 910 of the Acts of 1978 as amended
by Chapter 466 of the Acts of 1979

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 Elderly Citizens
Activities Center Improvements Loan of 1979 in the aggregate
principal amount of $1,600,000. This loan shall be
evidenced 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