WILLIAM DONALD SCHAEFER, Governor Ch. 580

funds made available by this Act. The report shall include a
description of the number, capacity, and condition of Elderly
Citizen Activities Centers in each political subdivision.

(10) An annual State tax is imposed on all assessable
property in the State in rate and amount sufficient to pay the
principal of and interest on the bonds, as and when due and until
paid in full. The principal shall be discharged within 15 years
after the date of issue of the bonds.

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

Approved May 27, 1988.

CHAPTER 580

(Senate Bill 345)

AN ACT concerning

Creation of a State Debt - Solid Waste Facilities
Recycling Loan of 1988

FOR the purpose of authorizing the creation of a State Debt in
the amount of $1,500,000 $500,000, the proceeds to be used
to provide State grants and loans to assist in the conduct
of engineering and financial analyses for, and in the
design, construction, enlargement, rehabilitation,
improvement, and equipping of certain facilities or systems
for the collection, disposal, processing, reclamation,
recycling, reduction, reprocessing, and separation of solid
wastes; establishing conditions of eligibility for and
limitations on the grants and loans; defining certain terms;
establishing certain priorities for funding; restricting the
use of funds under this Act; 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 Solid Waste Facilities Recycling Loan of
1988 in the total principal amount of $1,500,000 $500,000. 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

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