HARRY HUGHES, Governor

2249

CHAPTER 318

(Senate Bill 257)

AN ACT concerning

Creation of a State Debt - The Treatment Centers
of the Montgomery Society for Crippled Center for Disabled
Centers of the Montgomery Society for Crippled
Children and Adults, Inc.

FOR the purpose of authorizing the creation of a State Debt in
the amount of $2,000,000 1,000,000, the proceeds to be used
as a grant to The Treatment Centers of the Montgomery
Society for Crippled Center for Disabled Centers of the
Montgomery Society for Crippled Children and Adults, Inc.
for the purpose of the construction of a Treatment Center of
the Montgomery Society for Crippled for Disabled of the
Montgomery Society for Crippled Children and Adults, Inc.,
to be located at the Montgomery County Life Science Park, in
Gaithersburg, Maryland in Montgomery County, subject to the
requirement that The Treatment Centers of the Montgomery
Society for Crippled Center for Disabled Centers of the
Montgomery Society for Crippled Children and Adults, Inc.
provide at least an equal and matching fund of a certain
type for the same purpose by a certain date; requiring The
Treatment Centers of the Montgomery Society for Crippled
Children and Adults, Inc. to demonstrate the adoption of a
certain policy to the Board of Public Works; and providing
generally for the issue and sale of bonds evidencing the
loan.

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 Montgomery Society Treatment Center
Treatment Center for Disabled Children and Adults Montgomery
Society Treatment Center Loan of 1984 in the aggregate principal
amount of $2,000,000 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 Code of Maryland (1983
Replacement Volume, as amended from time to time).

(2)  The bonds issued to evidence this loan or installments
thereof may be sold as a single issue, or may be consolidated and
sold as part of a single issue of bonds under § 2B of Article 31
of the Code.

(3)  The actual cash proceeds of the sale of the bonds shall
be paid to the Treasurer and shall be first applied to the