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Session Laws, 1984
Volume 759, Page 2610   View pdf image
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2610                                             LAWS OF MARYLAND                                        Ch. 487

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect June 1, 1984.

Approved May 15, 1984.

CHAPTER 488

(House Bill 1494)

AN ACT concerning

Creation of a State Debt - Prince George's County
Prerelease Jail Facility

FOR the purpose of authorizing the creation of a State Debt in
the amount of $500,000, the proceeds to be used as a grant
to the governing body County Executive and County Council of
Prince George's County for the purpose of the planning,
design, construction, and equipping of a prerelease jail
facility in Prince George's County, Maryland, subject to the
requirement that the County Executive and County Council of
Prince George's County provide at least an equal and
matching fund of a certain kind 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 Prince George's County Prerelease Jail
Facility Loan of 1984 in the aggregate principal amount of
$500,000. 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).

(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

 

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Session Laws, 1984
Volume 759, Page 2610   View pdf image
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