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Session Laws, 1989
Volume 771, Page 3744   View pdf image
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Ch. 624

LAWS OF MARYLAND

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.

(3)  The cash proceeds of the sale of the bonds shall be
paid to the Treasurer and first shall be applied to the payment
of the expenses of issuing, selling, and delivering the bonds,
unless funds for. this purpose are otherwise provided, and then
shall be credited on the books of the Comptroller and expended,
on approval by the Board of Public Works, for the following
public purposes, including any applicable architects' and
engineers' fees: as a grant to the Treatment and Learning
Centers, Inc. for the addition and construction of a new wing to
the Treatment and Learning Center located in the Montgomery
County Life Science Park in Gaithersburg, in Montgomery County.

(4)  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.

(5)  Prior to the payment of any funds under the provisions
of this Act for the purposes set forth in Section 1(3) above, the
Treatment and Learning Centers, Inc. shall provide at least an
equal and matching fund of $1,000,000 $750,000 $950,000. Any No
part of an applicant's matching fund may be provided, either
directly or indirectly, from funds of the State, whether
appropriated or unappropriated. The No part of the fund may
consist of real property, in kind contributions, or funds
expended prior to the effective date of this Act. In case of any
dispute as to what money or assets may qualify as matching funds,
the Board of Public Works shall determine the matter, and the
Board's decision is final. The Treatment and Learning Centers,
Inc. has until June 1, 1991, to present evidence satisfactory to
the Board of Public Works that the matching fund will be
provided. If 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.

(6)  The Prior to the payment of any funds under the
provisions of this Act for the purposes set forth in Section 1(3)
above, the Treatment and Learning Centers, Inc. shall
demonstrate to the Board of Public Works that the Treatment and

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Session Laws, 1989
Volume 771, Page 3744   View pdf image
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