Ch. 210                                    1995 LAWS OF MARYLAND

(1) In accordance with Title 19 of the Education Article, the Maryland Center for
Performing Arts, University of Maryland College Park (Prince George's County) is hereby
approved as a project for an academic facility and the University of Maryland System may
issue, sell, and deliver bonds in the total principal amount of $40 million for the purposes of
financing or refinancing the cost of the project.

(2) The bonds issued under the authority of this Act do not create or constitute
any indebtedness or obligation of the State or of any political subdivision thereof except
the University of Maryland System, and the bonds shall so state on their face. The bonds
do not constitute a debt or obligation contracted by the General Assembly or pledge the
faith and credit of the State within the meaning of Article III, Section 34 of the Maryland
Constitution.

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

Approved May 9, 1995.

CHAPTER 210                                     

(Senate Bill 811)

AN ACT concerning

Creation of a State Debt - Odenton Health Center

FOR the purpose of authorizing the creation of a State Debt not to exceed $100,000, the
proceeds to be used as a grant to the Odenton Health Association, located in Anne
Arundel County, for certain development or improvement purposes; providing for
disbursement of the proceeds, subject to the requirement that the grantee provide
and expend a matching fund; 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 Odenton Health
Center Loan of 1995 in a total principal amount equal to the lesser of (i) $100,000 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.

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