HARRY HUGHES, Governor                                    1689

CHAPTER 471

(House Bill 593)
AN ACT concerning

Creation of a State Debt - Elderly Citizen

Activities Centers Loan of 1986

FOR the purpose of authorizing the creation of a State Debt in

the amount of $1,000,000, the proceeds to be used for State
grants to local government agencies, and for subgrants by
local government agencies to nonprofit organizations, for:
(1) the conversion of public buildings or parts of
buildings to Elderly Citizen Activities Centers, (2) the
acquisition of existing buildings or parts of buildings for
use as Elderly Citizen Activities Centers, (3) the
renovation of Elderly Citizen Activities Centers, (4) under
certain circumstances, the purchase of capital equipment for
Elderly Citizen Activities Centers and (5) the planning,
design, and construction of Elderly Citizen Activities
Centers, under certain circumstances and to be used for
State grants to local government agencies for the
development of comprehensive master plans for Elderly
Citizen Activities Centers in the political subdivisions;
providing procedures for the approval of grants; providing
certain limitations on the amount of State funds available
to pay the costs of eligible work; providing that the State
may recover a certain portion of the State funds expended
under certain circumstances; requiring the Director of the
Office on Aging to adopt certain regulations with certain
approval and to make a certain report to the General
Assembly each year; and providing generally for the issuance
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 Elderly Citizen Activities Centers Loan
of 1986 in the total principal amount of $1,000,000. This loan
shall be evidenced by the issuance, sale, and delivery of State
general obligation bonds authorized by a resolution of the Board
of Public Works and issued, sold, and delivered in accordance
with §§ 8-117 through 8-124 of the State Finance and Procurement
Article and Article 31, § 22 of the Code.

(2)  The bonds to evidence this loan or installments of this
loan may be sold as a single issue, or may be consolidated and
sold as part of a single issue of bonds under § 8-122 of the
State Finance and Procurement Article.