Ch. 479                                    LAWS OF MARYLAND

CHAPTER 479

(House Bill 549)

AN ACT concerning

Creation of a State Debt - Howard County - Emergency and
Transitional Shelter for Homeless

FOR the purpose of authorizing the creation of a State Debt in
the amount of $750,000 $200,000, the proceeds to be used as
a grant to the County Executive and County Council of Howard
County for the purpose of planning, design, site
development, construction, furnishing, equipping,
landscaping, and landscaping architects' services and
engineering services of a facility in Howard County, for
housing and related services for homeless individuals and
families subject to the requirement that the County
Executive and County Council of Howard 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 Howard County Emergency and Transitional
Shelter for Homeless Loan of 1987 in the total principal amount
of $750,000 $200,000. 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 County Executive and County
Council of Howard County for the purpose of planning, design,
site development, construction, furnishing, equipping,

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