WILLIAM DONALD SCHAEFER, Governor                    Ch. 447

the purpose of the planning, design, construction,
acquisition, and equipping of group homes for
low-functioning, handicapped adults and for the purpose of
the development of industries within the group home
community to train handicapped adults, subject to the
requirement that The Benedictine School for Exceptional
Children, Inc. provide a matching fund of a certain kind and
amount for the same purpose by a certain date; providing
that no proceeds of the loan or any of the matching funds
may be used for religious purposes; 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 Benedictine School for Exceptional
Children, Inc. Loan of 1987 in the total principal amount of
$500,000. 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 Benedictine School for
Exceptional Children, Inc. for the purpose of the planning,
design, construction, acquisition, and equipping of group homes
for low-functioning, handicapped adults and for the purpose of
the development of industries within the group home community to
train handicapped adults.

(4)  An annual State tax is imposed on all assessable
property in the State in rate and amount sufficient to pay the
principal of and interest on the bonds, as and when due and until
paid in full. The principal shall be discharged within 15 years
after the date of issue of the bonds.

(5)  Prior to the payment of any funds under the provisions
of this Act for the purposes set forth in Section 1(3) above, The

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