HARRY HUGHES, Governor                                         2377

Approved May 15, 1984.

CHAPTER 378

(Senate Bill 1028)

AN ACT concerning

Creation of a State Debt - Hillandale Center

FOR the purpose of authorizing the creation of a State Debt in
the amount of $300,000, the proceeds to be used as a grant
to the Center for the Handicapped, Inc. in Silver Spring,
Maryland for the purpose of the capital improvement of the
Hillandale Center, subject to the condition that the Center
for the Handicapped, Inc. provide a matching fund of a
certain type and amount for the same purpose by a certain
date; 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 Hillandale Center Loan of 1984 in the
aggregate principal amount of $300,000. 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
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
Center for the Handicapped, Inc. for the purpose of the capital
improvement of the Hillandale Center.

(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