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Session Laws, 1981
Volume 741, Page 2458   View pdf image
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2458

LAWS OF MARYLAND

Ch. 627

(House Bill 614)

AN ACT concerning

Creation of a State Debt - Anne Arundel County-
Detention Center

FOR the purpose of authorizing the creation of a State Debt
in the amount of $750,000, the proceeds to be used to
provide a State grant to assist in the renovation and
expansion of the Anne Arundel County Detention Center,
subject to the provision by the County Council of Anne
Arundel County of at least an equal and matching fund
of a certain kind for the same purpose; and providing
generally for the issue and sale of bonds evidencing
the loan.

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 the Anne Arundel
County Detention Center Loan of 1981 in the aggregate
principal amount of $750,000. 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 1980 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: to provide a
State grant to assist in the renovation and expansion of the
Anne Arundel County Detention Center.

     (4) Prior to the payment of any funds under the

provisions of this Act for the purposes set forth in Section
1.(3) above, the County Council of Anne Arundel County shall
provide at least $750,000 as an equal and matching fund for

this project. The County Council of Anne Arundel County

shall have until June 1, 1982 to present evidence

satisfactory to the Board of Public Works of the sum that it

has raised. Upon receiving from the Board of Public Works

on or before June 1, 1982, a certification of suitable

 

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Session Laws, 1981
Volume 741, Page 2458   View pdf image
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