WILLIAM DONALD SCHAEFER, Governor
Ch. 299
CHAPTER 299
(Senate Bill 346)
AN ACT concerning
Creation of a State Debt - Juvenile Services Facilities
Loan of 1988
FOR the purpose of authorizing the creation of a State Debt in
the amount of $1,100,000, the proceeds to be used for State
grants to certain public, for-profit, and nonprofit
organizations for the purpose of the planning, design,
construction, conversion, acquisition, renovation, and
equipping of community juvenile residential facilities,
including reports, plans, specifications, site improvements,
surveys, and programs in connection herewith therewith;
defining certain terms; requiring the Juvenile Services
Agency to adopt regulations providing procedures for the
approval of grants for projects; providing that certain
State funds are available for certain eligible work;
providing certain limitations on the amount of State grants;
providing that no proceeds of a grant may be used for
certain religious purposes; providing that the State may
recover a certain portion of the State funds expended under
certain circumstances; 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 Juvenile Services Facilities Loan of 1988
in the total principal amount of $1,100,000. 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
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