HARRY HUGHES, Governor 2461
SECTION 3. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1985.
Approved May 21, 1985.
CHAPTER 460
(House Bill 1578)
AN ACT concerning
Creation of a State Debt - Constant Care
Community Health Center, Inc.
FOR the purpose of authorizing the creation of a State Debt in
the amount of $600,000 $200,000, the proceeds to be used as
a grant to Constant Care Community Health Center, Inc. for
the purpose of the planning, design, construction, and
equipping of an addition to the Division Street facility of
the Constant Care Medical Center in Baltimore City to
provide an education/training/conference center as a base
for a Vocational Services Program and to provide additional
office and meeting space, subject to the requirement that
Constant Care Community Health Center, Inc., provide a
matching fund of a certain kind 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 Constant Care Community Health Center,
Inc. Loan of 1985 in the aggregate principal amount of $600,000
$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 (1983 Replacement Volume and 1984
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
|