PARRIS N. GLENDENING, Governor                                 Ch. 170

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
July 1, 1995.

Approved May 9, 1995.

CHAPTER 170

(Senate Bill 430)

AN ACT concerning

Creation of a State Debt - Montgomery County - Adventist Health Care Mid-Atlantic

FOR the purpose of authorizing the creation of a State Debt not to exceed $600,000, the
proceeds to be used as a grant to the Board of Directors of Adventist Health Care
Mid-Atlantic for certain development or improvement purposes; providing for
disbursement of the loan proceeds, subject to a requirement that the grantee
provide and expend a matching fund; providing that no proceeds of a loan or any
matching funds may be used for religious purposes; 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 Montgomery
County - Adventist Health Care Mid-Atlantic Loan of 1995 in a total principal amount
equal to the lesser of (i) $600,000 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 Adventist Health Care Mid-Atlantic (referred to
hereafter in this Act as "the grantee") for the design, planning, repair, renovation,
rehabilitation, construction and equipping of the pediatric care facilities, including
pediatric intensive care, the special care nursery, and child abuse intake services, at Shady
Grove Hospital, located at 9901 Medical Center Drive in Montgomery County and for a
facility for child abuse intake service at Washington Adventist Hospital, located at 7600
Carroll Avenue in Montgomery County.

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