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Ch. 636
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LAWS OF MARYLAND
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2028
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(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 and subject to the
conditions and limitations of this Act, to provide State grants
and loans to assist in the acquisition, design (including project
feasibility studies), construction, equipping, and improvement of
facilities or systems for the collection, disposal,
transportation, reduction, separation, reclamation, recycling,
processing, and reprocessing of solid wastes.
(4) (a) For purposes of this Act, "facility of facilities
or systems" means projects, properties, or systems or properties
used or useful in the collection, disposal, transportation,
reduction, separation, reclamation, recycling, processing, and
reprocessing of solid wastes.
(b) For purposes of this Act, "municipality" has the
meaning provided in Natural Resources Article, Section 3-101(g)
of the Code, as amended.
(c) For purposes of this Act, "solid wastes" has the
meaning provided in Natural Resources Article, Section 3-101(n)
of the Code, as amended.
(5) (a) Financial assistance may be provided for facilities
of:
(i) The Maryland Environmental Service; or
(ii) Municipalities, if the municipality and
the Maryland Environmental Service execute an agreement which
assures compliance by the municipality with the purposes and
terms of this Act.
(b) (i) State grants or loans for facilities of
municipalities or the Maryland Environmental Service may not
exceed 87 1/2 percent of the eligible costs. However, the State
share of the costs of project feasibility studies may not exceed
50 percent of the costs. If a facility is intended to serve only
a State correctional, health, educational, or other institution
or agency, State financial assistance under this Act may defray
all costs. For facilities of the Maryland Environmental Service
not serving only a State institution or agency, the Maryland
Environmental Service may execute an agreement with the Board of
Public Works to repay all matching dollar amounts from operating
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