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ROBERT L. EHRLICH, JR., Governor
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Ch. 322
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CHAPTER 322
(House Bill 374)
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AN ACT concerning
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Community Based Regional Initiatives Loan of 2003 - Mount Olive
Community Life Center
FOR the purpose of amending the Community Based Regional Initiatives Loan of
2003 to remove a requirement that the Board of Directors of the Mount Olive
Community Life Center grant and convey an historic easement to the Maryland
Historical Trust.
BY repealing and reenacting, with amendments,
Chapter 204 of the Acts of the General Assembly of 2003
Section 12(3) Item (AJ)
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Chapter 204 of the Acts of 2003
SECTION 12. AND BE IT FURTHER ENACTED, That:
(3) The cash proceeds of the sale of the bonds shall be paid to the
Treasurer and first shall be applied to the payment of the expenses of issuing, selling,
and delivering the bonds, unless funds for this purpose are otherwise provided, and
then shall be credited on the books of the Comptroller and expended, on approval by
the Board of Public Works, for the following public purposes, including any applicable
architects' and engineers' fees:
(AJ) Mount Olive Community Life Center. Provide a grant equal to
the lesser of (i) $300,000 or (ii) the amount of the matching fund
provided, to the Board of Directors of the Mount Olive
Community Development Corporation, Inc. for the acquisition,
design, construction, and capital equipping of the Mount Olive
Community Life Center to provide community outreach,
entrepreneurial and business development services, and
employment and computer technology training, located in
Annapolis[, subject to the requirement that the grantee grant
and convey an historic easement to the Maryland Historical
Trust]. Notwithstanding the provisions of Section 12(5) of this
Act, the matching fund may include real property, in kind
contributions, or funds expended prior to the effective date of
this Act (Anne Arundel County)...................................................: 300,000
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
June 1, 2006.
Approved May 2, 2006.
- 1761 -
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