PARRIS N. GLENDENING, Governor                             Ch. 219

CHAPTER 219
(Senate Bill 847)

AN ACT concerning

Creation of a State Debt - Baltimore City - Community Human Development Centers

FOR the purpose of authorizing the creation of a State Debt in the amount of $6,000,000
not to exceed $500,000 $400,000, the proceeds to be used as a grant to the Apostolic
Community Development Corporation 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 may be used for religious purposes; requiring the grantee 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 Baltimore City
- Community Human Development Centers Loan of 1995 in the total principal amount of
$6,000,000 a total principal amount equal to the lesser of (i) $500,000 $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 Apostolic Community Development Corporation (referred to hereafter
in this Act as "the grantee") for the planning, design, construction, repair, renovation.
equipping, and furnishing of buildings located in Baltimore City at 20 and 40 South
Caroline Street, to be known as the Family Life Center, and at 301 North Gay Street, to
be known as the Fair Chance Center, both facilities to be used for programs addressing
the needs of low income people in the areas of education, job training, job placement.
family preservation, and other support service.

- 2027 -