Ch. 579                                          LAWS OF MARYLAND

(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 Elderly Citizen Activities Centers Loan
of 1988 in the total principal amount of $1,000,000 $1,300,000.
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: for State grants to local government agencies
for:

(i) The conversion of public buildings or parts of
buildings to Elderly Citizen Activities Centers;

(ii) The acquisition of existing buildings or parts
of buildings for use as Elderly Citizen Activities Centers;

(iii) The renovation of Elderly Citizen Activities
Centers;

(iv) The purchase of capital equipment for Elderly
Citizen Activities Centers;

(v) The planning, design, and construction of Elderly
Citizen Activities Centers;

(vi) Subgrants by local government agencies to
nonprofit organizations for the purposes stated in subsection
(3)(i) through (v), above; or

(vii) The development of comprehensive master plans
for Elderly Citizen Activities Centers in the political
subdivisions.

(4)  Before the Director of the Office on Aging approves any
grant, the Director shall have adopted regulations to carry out
this Act and previous or subsequent Acts for the same purposes.
Before adoption, these regulations shall have been approved by
the Board of Public Works.

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