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LAWS OF MARYLAND
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Ch. 485
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1484
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FOR the purpose of authorizing the creation of a State Debt in
the amount of $1,003,500, the proceeds to be used for the
renovation and equipping of Hoffberger Science Building, the
alteration and equipping of Julia Rogers Library, and to
assist in the planning, design, construction, and equipping
of an addition to the dance studio in Lilian Welsh Hall, all
located at Goucher College as a grant to Goucher College for
the purpose of renovating and equipping the Hoffberger
Science Building; altering and equipping the Julia Rogers
Library; assisting in the planning, designing, construction,
and equipping of an addition to the dance studio in the
Lillian Welsh Hall subject to the requirement that Goucher
College provide up to a certain sum of a certain type of
funds as a matching fund for the same purpose by a certain
date; and providing generally for the issue and sale of
bonds evidencing the loan.
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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 Goucher College Loan of 1983 in the
aggregate principal amount of $1,003,500. 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 1982 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 the renovation as
a grant to Goucher College for the purpose of renovating and
equipping of the Hoffberger Science Building , the alteration ;
altering and equipping of Julia Rogers Library, and to assist the
Julia Rogers Library; assisting in the planning, design
designing, construction, and equipping of an addition to the
dance studio in Lilian Welsh Hall, all located at Goucher
College.
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