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Session Laws, 1986
Volume 768, Page 2068   View pdf image
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2068                                        LAWS OF MARYLAND                                    Ch. 584

CHAPTER 584

(House Bill 1623)

AN ACT concerning

Creation of a State Debt - Baltimore Regional Burn Center

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

the amount of $500,000 $250,000, the proceeds to be used as

a grant to the Baltimore Regional Burn Center for the

purpose of the planning, design, construction,

reconstruction, renovation, rehabilitation, improvement,

expansion, and equipping of the Baltimore Regional Burn

Center , located at the Francis Scott Key Medical Center,

including the costs of the expansion, relocation, and

rearrangement of the admitting/tubbing room and patient care

and ancillary services areas in the Burn Center, subject to

the requirement that the Baltimore Regional Burn Center

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 Baltimore Regional Burn Center Loan of
1986 in the total principal amount of $500,000 $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 Baltimore Regional Burn Center
for the purpose of the planning, design, construction,
reconstruction, renovation, rehabilitation, improvement,
expansion, and equipping of the Baltimore Regional Burn Center
located at the Francis Scott Key Medical Center, including the

 

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Session Laws, 1986
Volume 768, Page 2068   View pdf image
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