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2006 LAWS OF MARYLAND
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Ch. 46
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(c) The easement must be in form and substance acceptable to the Trust,
the extent of the interest to be encumbered must be acceptable to the Trust, and any
liens or encumbrances against the land or the structures must be acceptable to the
Trust.
(7) The proceeds of the loan must be expended or encumbered by the Board of
Public Works for the purposes provided in this Act no later than June 1, 2013. If any
funds authorized by this Act remain unexpended or unencumbered after June 1,
2013, the amount of the unexpended or unencumbered authorization shall be
canceled and be of no further force and effect. If bonds have been issued for the loan,
the amount of unexpended or unencumbered bond proceeds shall be disposed of as
provided in Section 8-129 of the State Finance and Procurement Article.
(8) Multiple grants provided to the same organization in this section are in
addition to one another. Unless otherwise provided, any matching fund requirements
apply to each individual grant.
SECTION 2. AND BE IT FURTHER ENACTED, That the Laws of Maryland
read as follows:
Chapter 660 of the Acts of 1997, as amended by Chapter 138 of the Acts of
1998, Chapter 508 of the Acts of 2000, Chapter 290 of the Acts of 2002, Chapter
204 of the Acts of 2003, and Chapter 432 of the Acts of 2004
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 Maryland Consolidated Capital Bond Loan of 1997 in the total principal amount
of [$380,516,552] $380,364,552. This loan shall be evidenced by the issuance, sale,
and delivery of State general obligation bonds authorized by a resolution of the Board
of Public Works and issued, sold, and delivered in accordance with Sections 8—117
through 8-124 of the State Finance and Procurement Article and Article 31, Section
22 of the Code.
Chapter 660 of the Acts of 1997, as amended by Chapter 212 of the Acts of
1999, Chapter 204 of the Acts of 2003, and Chapter 432 of the Acts of 2004
Section 1(3)
DE02.01 BOARD OF PUBLIC WORKS
JUDICIARY/MULTISERVICE CENTERS
(D) South Baltimore District Court. Construct the South Baltimore
District Court. Notwithstanding any other provision of law, this
authorization shall not terminate prior to June 1, 2006
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[13,138,000]
12,986,000
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(Baltimore City)..............................................................................
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