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Ch. 46 2006 LAWS OF MARYLAND
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 445 of the Acts of 2005
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 2005 in a total principal amount of
[$665,443,0001 $652,405,700. 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.
(3) DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT
SA24 DIVISION OF NEIGHBORHOOD REVITALIZATION
(A) Community Legacy Program. Provide funds to assist
neighborhoods with revitalization efforts. The funds shall be
administered in accordance with Article 83B, Section 4—801
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through 4-811 (Statewide).............................................................
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[5,000,000]
2,395,700
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SA25 DIVISION OF DEVELOPMENT FINANCE
(A) Rental Housing Programs. Provide funds for rental housing
developments that serve low- and moderate-income
households. The funds shall be administered in accordance with
Article 83B, Title 2, Subtitle 5 and Sections 2-303, 2-305, and
2-803 (Statewide)...........................................................................
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[5,395,000]
-0-
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DEPARTMENT OF THE ENVIRONMENT
UA01 OFFICE OF THE SECRETARY
(Statewide)
(A) Maryland Water Quality Revolving Loan Fund. Provide funds
to finance water quality improvement projects. These funds
shall be administered in accordance with Section 9- 1605 of the
Environment Article.......................................................................
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[7,618,000]
5,000,000
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(B) Maryland Drinking Water Revolving Loan Fund. Provide funds
to finance drinking water projects. These funds shall be
administered in accordance with Section 9-1605.1 of the
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- 344 -
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