WILLIAM DONALD SCHAEFER, Governor                    Ch. 581

BOARD OF TRUSTEES FOR THE MARYLAND STATE RETIREMENT AND PENSION

SYSTEMS. THE PROPER OPERATION OF THIS PENSION SYSTEM SHALL BE

THAT AS PROVIDED FOR THE OPERATION OF THE PENSION SYSTEM FOR THE
EMPLOYEES OF THE STATE OF MARYLAND.

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

Approved May 25, 1989.

CHAPTER 581

(Senate Bill 469)

AN ACT concerning

Creation of a State Debt - Joseph Richey House, Inc.

FOR the purpose of authorizing the creation of a State Debt in
the amount of $200,000 $100,000 the proceeds to be used as a
grant to the Joseph Richey House, Inc. for the renovation of
the third floor of its hospice facility to house additional
patients, including patients with Acquired Immune Deficiency
Syndrome, subject to the requirement that the Joseph Richey
House, Inc. provide at least an equal and matching fund of a
certain kind for the same purpose by a certain date;
requiring that certain easements be granted to the Maryland
Historical Trust; 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 Joseph Richey House, Inc. Loan of 1989 in
the total principal amount of $200,000 $100,000. 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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