Ch. 329                                    1994 LAWS OF MARYLAND

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
June 1, 1994.

Approved May 2, 1994.

CHAPTER 329
(House Bill 1218)

AN ACT concerning

Creation of a State Debt - Historic Preservation Commission of Harford County -
McComas Institute and Hosanna School

FOR the purpose of authorizing the creation of a State Debt in the amount of $200,000
$100,000 $200,000, the proceeds to be used as a grant to the Historic Preservation
Commission of Harford County for the stabilization, restoration, renovation,
construction, replacement, and repair of the utility systems of the McComas
Institute and of the Freeman's School known as Hosanna School; requiring the
Historic Preservation Commission of Harford County 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 Historic
Preservation Commission of Harford County - McComas Institute and Hosanna School
Loan of 1994 in the total principal amount of $200,000 $100,000 $200,000. 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.

(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 Historic Preservation Commission of Harford County for the
stabilization, restoration, renovation, construction, replacement, and repair of the utility
systems of the McComas Institute and of the Freeman's School known as the Hosanna
School.

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