3636

VETOES

either entirely or partially available for conversion;
and providing generally for the issue and sale of bonds
evidencing the loan.

Preamble

WHEREAS, The General Assembly takes note of the fact
that certain public school buildings and other public
buildings have become excess to the needs of federal, state,
and local governments, and there is a requirement for
facilities to serve the needs of elderly citizens and;

WHEREAS, It is the intent of the General Assembly to
provide State assistance to local governments for the
purpose of converting surplus public school buildings and
other public buildings or parts thereof to use as centers
for elderly citizens; now, therefore,

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] $2,600,000. 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
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 surplus public school buildings and other public
buildings to Elderly Citizen Activities Centers, (2) in
Howard County, the design, planning, and construction of new
buildings for use as elderly citizen activities centers, and
(3) equipping the converted centers and new buildings to
serve the needs of elderly citizens.