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Session Laws, 1984
Volume 759, Page 2365   View pdf image
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HARRY HUGHES, Governor

2365

(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 Jeanne Bussard Training Workshop
Loan of 1983 in the aggregate principal amount of $200,000. 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 (1976 Replacement Volume and 1982 Supplement, 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
payment of the expenses of issuing and delivering the bonds
unless funds for this purpose are otherwise provided and
thereafter shall be credited on the books of the State
Comptroller and expended, upon approval by the Board of Public
Works, for the following public purposes, including any
applicable architects' and engineers' fees: as a grant to the
Jeanne Bussard Training Workshop, Frederick City, Maryland for
the purpose of design, construction, and equipping of an addition
to THE EXISTING JEANNE BUSSARD TRAINING WORKSHOP OR THE DESIGN,
CONSTRUCTION, AND EQUIPPING OF A NEW [the] Jeanne Bussard
Training Workshop, Frederick City, Maryland.

(4)  There is hereby levied and imposed an annual
State tax on all assessable property in the State in rate and
amount sufficient to pay the principal of and interest on the
bonds as and when due and until paid in full, such principal to
be discharged within fifteen years of the date of issue of the
bonds.

(5)  Prior to the payment of any funds under the
provisions of this Act for the purposes set forth in Section 1(3)
above, the Jeanne Bussard Training Workshop shall provide at
least an equal and matching fund of $200,000. No part of an
applicant's matching fund may be provided, either directly or
indirectly, from funds of the State, whether appropriated or
unappropriated. No part of the fund may consist of real
property, in kind contributions, or funds expended prior to the
effective date of this Act. In case of any dispute as to what
money or assets may qualify as matching funds, the Board of
Public Works shall determine the matter, and the Board's decision
is final. The Jeanne Bussard Training Workshop has until June 1,
1985, to present evidence satisfactory to the Board of Public
Works that the matching fund will be provided. If satisfactory
evidence is presented, the Board shall certify this fact to the
State Treasurer and the proceeds of the loan shall be expended
for the purposes provided in this Act. If this evidence is not
presented by June 1, 1985, the proceeds of the loan shall be

 

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Session Laws, 1984
Volume 759, Page 2365   View pdf image
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