Ch. 533                                    LAWS OF MARYLAND

CHAPTER 533

(House Bill 1061)

AN ACT concerning

Creation of a State Debt - Frederick County -
Way Station, Inc.

FOR the purpose of authorizing the creation of a State Debt in
the amount of $1,000,000 $500,000 $1,000,000, the proceeds
to be used as a grant to the Way Station, Inc. in Frederick
County for the acquisition, renovation, and construction of
existing historical buildings and new building facilities to
be used for administrative, occupational, health and
training purposes by the Way Station, Inc., subject to the
requirement that the Way Station, Inc., provide at least an
equal and matching fund of a certain kind for the same
purpose by a certain date; requiring that certain easements
be granted to the Maryland Historical Trust; 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 Frederick County - Way Station, Inc. Loan
of 1987 in the total principal amount of $1,000,000 $500,000
$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,
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 Way Station, Inc., for the
acquisition, renovation, and construction of existing historical
buildings and new building facilities to be used for

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