WILLIAM DONALD SCHAEFER, Governor                    Ch. 349

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1987.

Approved May 14, 1987.

CHAPTER 349

(Senate Bill 401)

AN ACT concerning

Creation of a State Debt - Anne Arundel County -
Detention Center Loan of 1987

FOR the purpose of authorizing the creation of a State Debt in
the amount of $475,000, the proceeds to be used as a grant
to the County Executive and County Council of Anne Arundel
County for the acquisition and installation of a 112 bed,
fully furnished, modular addition to the Anne Arundel County
Detention Center and for construction relating to this
addition, subject to the requirement that the County
Executive and County Council of Anne Arundel County 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 Anne Arundel County - Detention Center
Loan of 1987 in the total principal amount of $475,000. 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,

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