HARRY HUGHES, Governor                                    1899

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

Approved May 13, 1986.

CHAPTER 508
(House Bill 908)
AN ACT concerning

Creation of a State Debt - Progress Unlimited, Inc.
FOR the purpose of authorizing the creation of a State Debt in

the amount of $275,000 $125,000, the proceeds to be used as
a grant to Progress Unlimited, Inc. for the purpose of the

land acquisition for and the planning, design, construction,
and equipping of a building in Baltimore County to be used
by Progress Unlimited, Inc. to provide training and
residential services to mentally retarded persons in
Baltimore County, subject to the requirement that Progress
Unlimited, Inc. 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 Progress Unlimited, Inc. Loan of 19436 in
the total principal amount of $275,000 $125,000. 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
public purposes, including any applicable architects' and