Ch. 461 1993 LAWS OF MARYLAND
(G) NOTWITHSTANDING SUBSECTION (F) OF THIS SECTION, LICENSED
VEHICLE DEALERS WHO SELL MECHANICAL REPAIR CONTRACTS SHALL HAVE THE
SAME OBLIGATIONS AS A SELLER UNDER § 2-314 OF THE COMMERCIAL LAW
ARTICLE.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
October 1, 1993.
Approved May 27, 1993.
CHAPTER 461
(Senate Bill 555)
AN ACT concerning
Creation of a State Debt - Belair Mansion
FOR the purpose of authorizing the creation of a State Debt not to exceed $750,000
$400,000, the proceeds to be used as a grant to the City of Bowie for the restoration
and preservation of the Belair Mansion, subject to the requirement that the City of
Bowie provide and expend a matching fund and present by a certain date evidence
that a matching fund will be provided; requiring the City of Bowie to grant and
convey a certain easement to the Maryland Historical Trust; and providing generally
for the issuance 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 Belair Mansion
Loan of 1993 in a total principal amount equal to the lesser of (i) $750,000 $400,000 or (ii)
the amount of the matching fund, provided in accordance with Section 1(5) below. 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.
(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 City of Bowie for the restoration and preservation of the Belair Mansion.
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