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2232 LAWS OF MARYLAND Ch. 680
CHAPTER 680
(House Bill 346)
AN ACT concerning
Creation of a State Debt - Elderly Citizen Activities
Centers Improvements Loan of 1983
FOR the purpose of authorizing the creation of a State Debt in
the amount of $1,000,000, the proceeds to be used for State
grants to local governmental agencies to convert surplus
public school buildings and other public buildings or parts
thereof to Elderly Citizen Activities Centers and to equip
the converted centers to serve the needs of elderly
citizens; providing that State funds are available for
certain eligible work; providing certain limitations on the
amount of State funds available to pay the costs of eligible
work; providing that the State may recover a certain portion
of the State funds expended under certain circumstances;
providing procedures for the approval of grants for
projects; providing for a certain report; 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 Citizen Activities Centers
Improvements Loan of 1983 in the aggregate principal amount of
$1,000,000. 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 Cods of Maryland (1976 Replacement Volume and 1982
Supplement, as amended from time to time).
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