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Ch. 46
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2006 LAWS OF MARYLAND
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Chapter 103 of the Acts of 2001
SECTION 4. AND BE IT FURTHER ENACTED, 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 Southern Maryland Regional Strategy-Action Plan for Agriculture Loan of 2006
in the total principal amount of [$5,000,000] $4,000,000. $1,585,000. 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 §§ 8-117 through 8-124 of the State Finance and
Procurement Article and Article 31, § 22 of the Code.
SECTION 5. AND BE IT FURTHER ENACTED, 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 Southern Maryland Regional Strategy-Action Plan for Agriculture Loan of 2007
in the total principal amount of [$5,000,000] $3,000,000. 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 §§ 8-117 through 8-124 of the State Finance and Procurement Article and
Article 31, § 22 of the Code.
SECTION 6. AND BE IT FURTHER ENACTED, 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 Southern Maryland Regional Strategy-Action Plan for Agriculture Loan of 2008
in the total principal amount of [$5,000,000] $3,000,000. 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 §§ 8-117 through 8-124 of the State Finance and Procurement Article and
Article 31, § 22 of the Code.
SECTION 7. AND BE IT FURTHER ENACTED, 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 SOUTHERN MARYLAND
REGIONAL STRATEGY-ACTION PLAN FOR AGRICULTURE LOAN OF 2009 IN
THE TOTAL PRINCIPAL AMOUNT OF $5,000,000. 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 §§ 8-117 THROUGH 8-124 OF THE STATE FINANCE AND
PROCUREMENT ARTICLE AND ARTICLE 31, § 22 OF THE CODE.
(2) THE BONDS TO EVIDENCE THIS LOAN OR INSTALLMENTS OF
THIS LOAN MAY BE SOLD AS A SINGLE ISSUE OR MAY BE CONSOLIDATED
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