Section 1(3)(L)
(1) Bowie State College (Prince George's County);
Supplement the appropriation, "Alter Crawford
Science Building ...", originally made by
Chapter 597 on page 2748 of the Acts of 1987,
Section 1(5) of the Acts of 1987 being hereby
modified to the extent that work may begin
upon satisfactory assurances to the Board of
Public Works that the project can be
completed with the aggregate of the funds
herein and heretofore appropriated for this
purpose; AND PURCHASE THE CAPITAL EQUIPMENT
FOR CRAWFORD SCIENCE BUILDING.................
SECTION 3. AND BE IT FURTHER ENACTED, That the General
Assembly declares that it is the public policy of this State to
manage State general obligation bond debt in a manner that will
maintain Maryland's triple-A bond rating. The General Assembly
further declares that legislative oversight, control and review
of all forms of State obligations is essential to maintenance of
the State's existing bond rating and protection of the fiscal
integrity of the State.
SECTION 4. AND BE IT FURTHER ENACTED, That in order to
carry out the provisions of this Act, the Board of Public Works,
upon recommendation of the Secretary of Budget and Fiscal
Planning, is authorized to place any proceeds from the sale of
bonds in a contingency reserve available for subsequent
expenditure.
SECTION 5. AND BE IT FURTHER ENACTED, That this Act shall
take effect June 1, 1989.
Approved May 5, 1989.
CHAPTER 99
(Senate Bill 37)
AN ACT concerning
Creation of a State Debt - Washington County
Museum of Fine Arts
FOR the purpose of authorizing the creation of a State Debt in
the amount of $250,000 $150,000, the proceeds to be used as
Ch. 99
LAWS OF MARYLAND
600,000
- 1798 -
|