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Session Laws, 1989
Volume 771, Page 1872   View pdf image
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Ch. 125

LAWS OF MARYLAND

CHAPTER 125

(Senate Bill 367)

AN ACT concerning

Creation of a State Debt - Senior Citizen
Activities Centers Loan of 1989

FOR the purpose of authorizing the creation of a State Debt in
the amount of $1,000,000 $500,000 the proceeds to be used
for State grants to local government agencies, and for
subgrants by local government agencies to nonprofit
organizations, for: (1) the conversion of public buildings
or parts of buildings to Senior Citizen Activities Centers,
(2) the acquisition of existing buildings or parts of
buildings for use as Senior Citizen Activities Centers, (3)
the renovation of Senior Citizen Activities Centers, (4) the
purchase of capital equipment for Senior Citizen Activities
Centers, and (5) the planning, design, and construction of
Senior Citizen Activities Centers, and for State grants to
local government agencies for the development of
comprehensive master plans for Senior Citizen Activities
Centers in the political subdivisions; providing procedures
for the approval of grants; providing certain terms,
conditions, and limitations on the allocation and use of
State funds for eligible projects; providing that the State
may recover a certain portion of the State funds expended
under certain circumstances; requiring the Director of the
Office on Aging to adopt certain regulations with certain
approvals and to make a certain report to the General
Assembly each year; providing for certain judicial
proceedings and liens to enforce the State's right of
recovery and the priority of the proceedings and liens; 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 Senior Citizen Activities Center Loan of
1989 in the total principal amount of $1,000,000 $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
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

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Session Laws, 1989
Volume 771, Page 1872   View pdf image
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