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Ch. 73
1993 LAWS OF MARYLAND
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 Maryland
Consolidated Capital Bond Loan of 1993 in the total principal amount of $328,900,000
$323,700,000 $325,145,125. 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 Sections 8-117 through 8-124 of the
State Finance and Procurement Article and Article 31, Section 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
Section 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:
EXECUTIVE DEPARTMENT
23.01.02 GOVERNOR'S OFFICE FOR INDIVIDUALS
WITH DISABILITIES
(A) Design and construct handicapped accessibility modifications at
State-owned facilities (Statewide).....................................................
23.01.07 OFFICE ON AGING
(A) Senior Citizen Activities Centers. Provide grants to acquire,
design, construct, renovate, and equip senior citizen activities
centers. The funds appropriated for this purpose shall be
administered in accordance with Article 70B, Sections 26 through
32 (Statewide).....................................................................................
23.01.13 MARYLAND ENERGY ADMINISTRATION
(A) Energy Conservation Grant Matching Fund. Provide grants to
State-owned schools and hospitals and to community colleges and
public school districts to match federal funds awarded under the
federal Institutional Conservation Program (Statewide).................
23.05.01 BOARD OF PUBLIC WORKS
(A) Peabody Institute Fund. Provide funds toward the purchase of the
Peabody art collection (Baltimore City)...............................................
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1,300,000
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1,000,000
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850,000
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150,000
1,200,000
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