WILLIAM DONALD SCHAEFER, Governor Ch. 523

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1988.

Approved May 17, 1988.

CHAPTER 523

(House Bill 1448)

AN ACT concerning

Creation of a State Debt - Allegany County Jail

FOR the purpose of authorizing the creation of a State Debt in
the amount of $110,000, the proceeds to be used as a grant
to the Board of County Commissioners of Allegany County for
the design, renovation, and improvements to the Allegany
County Jail, subject to the requirement that the Board of
County Commissioners of Allegany County provide an equal and
matching fund of a certain kind for the same purpose by a
certain date; 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:

(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 Allegany County Jail Loan of 1988 in the
total principal amount of $110,000. 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 Board of County Commissioners

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