HARRY HUGHES, Governor                                    1929

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall

take effect June 1, 1986.
Approved May 13, 1986.

CHAPTER 527
(House Bill 1129)

AN ACT concerning

Creation of a State Debt - F. Scott Fitzgerald Theater

MC 633-86

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

the amount of $750,000 $250,000, the proceeds to be used as
a grant to the City of Rockville for the purpose of the
design, renovation, reconstruction, and construction of
additions to the F. Scott Fitzgerald Theater located in the
City of Rockville, subject to the requirement that the City
of Rockville 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 F. Scott Fitzgerald Theater Loan of 1986
in the total principal amount of $750,000 $250,000. 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
engineers' fees: as a grant to the City of Rockville for the