HARRY HUGHES, Governor                                    1857

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SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect June 1, 1986.

Approved May 13, 1986.

CHAPTER 491
(House Bill 772)

AN ACT concerning

Creation of a State Debt - Arthur G. Murphy, Sr.

Youth Services Center

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

the amount of $1,000,000 $500,000 $350,000, the proceeds to
be paid or disbursed to or for the account of the Juvenile

Services Administration for the purpose of the acquisition,

planning, design, rehabilitation, reconstruction,

renovation, repair, and improvement of the building in

Baltimore City currently used as the Arthur G. Murphy, Sr.

Youth Services Center, including the acquisition and

installation of capital equipment and the acquisition of

property adjacent to the building; 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 Arthur G. Murphy, Sr. Youth Services
Center Loan of 1986 in the total principal amount of $1,000,000

$500,000 $350,000. 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.

(3)  The cash proceeds of the sale of the bonds shall be
paid to the Treasurer and first shall be applied to the payment
of the expenses of issuing, selling, and delivering the bonds,
unless funds for this purpose are otherwise provided, and then
shall be credited on the books of the Comptroller and expended,
on approval by the Board of Public Works, for the following