Ch. 460           LAWS OF MARYLAND

CHAPTER 460

(House Bill 413)

AN ACT concerning

Creation of a State Debt - Adult Day Care Centers
       Loan of 1987                                 

FOR the purpose of authorizing the creation of a State debt in
the amount of $1,000,000, the proceeds to be used for State
grants to counties, municipal corporations and nonprofit
organizations for: (1) the conversion of public buildings or
parts of buildings to Adult Day Care Centers, (2) the
acquisition of existing buildings or parts of buildings for
use as Adult Day Care Centers, (3) the renovation of Adult
Day Care Centers, (4) the purchase of capital equipment for
Adult Day Care Centers, and (5) the planning, design, and

construction of Adult Day Care Centers; defining certain
terms; requiring the Department of Health and Mental Hygiene
and permitting the Board of Public Works to adopt certain

regulations; providing that State funds are available for
certain eligible work; providing limitations on the amount
of State grants; providing that no proceeds of a grant may
be used for certain religious purposes; providing that,
under certain circumstances, the State may recover a certain
portion of the State funds expended; and providing generally
for the issuance and sale of bonds evidencing the loan.

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That:                                                                       

(l) 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 Adult Day Care Centers Loan of 1987 in
the total principal amount of $1,000,000. 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,

                           - 2208 -