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Session Laws, 1989
Volume 771, Page 1935   View pdf image
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WILLIAM DONALD SCHAEFER, Governor Ch. 153

satisfactory evidence is presented, the Board shall certify this
fact to the State Treasurer and the proceeds of the loan shall be
expended for the purposes provided in this Act. If this evidence
is not presented by June 1, 1991, the proceeds of the loan shall
be applied to the purposes authorized in § 8-129 of the State
Finance and Procurement Article.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect June 1, 1989.

Approved May 5, 1989.

CHAPTER 153

(Senate Bill 872)

AN ACT concerning

Creation of a State Debt - Worcester County Jail

FOR the purpose of authorizing the creation of a State Debt in
the amount of $300,000 the proceeds to be used as a grant to
the Board of County Commissioners of Worcester County for
the construction and addition of two cell blocks to the
Worcester County Jail, subject to the requirement that the
Board of County Commissioners of Worcester County provide at
least an equal and matching fund of a certain kind for the
same purpose by a certain date; and providing generally for
the issue 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 Worcester County Jail Loan of 1989 in the
total principal amount of $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.

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Session Laws, 1989
Volume 771, Page 1935   View pdf image
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