WILLIAM DONALD SCHAEFER, Governor                         Ch. 307

provisions of this Act concerning the salary or compensation of the Chairman, Vice
Chairman, or members of the Charles County Board of Education shall take effect at the
beginning of the next following term of office.

SECTION 4. AND BE IT FURTHER ENACTED, That this Act shall take effect
October 1, 1994.

Approved May 2, 1994.

CHAPTER 307
(House Bill 738)

AN ACT concerning

Creation of a State Debt - Sheppard and Enoch Pratt Hospital, Inc.

FOR the purpose of authorizing the creation of a State Debt not to exceed $1,000,000,
the proceeds to be used as a grant to the Board of Directors of the Sheppard and
Enoch Pratt Hospital, Inc. for the design, planning, and construction of, and for the
provision of capital equipment for, the Residential Treatment Center for seriously
mentally and emotionally disturbed youth, and for a special school to be located in
Frederick County, subject to the requirement that the Board of Directors of the
Sheppard and Enoch Pratt Hospital, Inc. provide and expend a matching fund and
present by a certain date evidence that a matching fund will be provided; 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 Sheppard and
Enoch Pratt Hospital, Inc. Loan of 1994 in a total principal amount equal to the lesser of
(i) $1,000,000 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 Board of Directors of the Sheppard and Enoch Pratt Hospital, Inc. for
the design, planning, and construction of, and for the provision of capital equipment for,

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