WILLIAM DONALD SCHAEFER, Governor
Ch. 211
(d) All funds recovered as a result of this right of
recovery shall be deposited in the Annuity Bond fund and applied
to the debt service requirements of the State. The Board of
Public Works may waive the State's right of recovery if the Board
determines that there is good cause for releasing the transferor,
transferee, or owner from this obligation.
(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, 1989.
Approved May 5, 1989.
CHAPTER 211
(House Bill 489)
AN ACT concerning
Creation of a State Debt -
Adult Day Care Centers Loan of 1989
FOR the purpose of authorizing the creation of a State Debt in
the amount of $2,500,000 the proceeds to be used for State
grants to counties, municipal corporations, and nonprofit
organizations for: (1) the conversion of public buildings
or parts of buildings to Adult Day Care Centers, (2) the
acquisition of existing buildings or parts of buildings for
use of Adult Day Care Centers, (3) as Adult Day Care
Centers, (3) the renovation of Adult Day Care Centers, (4)
the purchase of capital equipment for Adult Day Care
Centers, and (4) (5) the planning, design, and construction
of Adult Day Care Centers; defining certain terms; requiring
the Department of Health and Mental Hygiene to make
recommendations and adopt certain regulations; permitting
the Board of Public Works to adopt certain regulations;
providing that State funds are available for certain
eligible work; providing certain terms, conditions, and
limitations on the allocation, use, and amount of State
grants; providing that no proceeds of a grant may be used
for certain religious purposes; providing that, under
certain circumstances, the State may recover a certain
portion of the State funds expended; providing for certain
judicial proceedings and liens to enforce the State's right
- 2081 -
|
|