PARRIS N. GLENDENING, Governor

Ch. 324

CHAPTER 324
(House Bill 1094)

AN ACT concerning

Creation of a State Debt - Charles County - The Izaak Walton League of America -
Southern Maryland Outdoor Education Center

FOR the purpose of authorizing the creation of a State Debt in the amount of $100,000
not to exceed $50,000, the proceeds to be used as a grant to The Izaak Walton
League of America, Southern Maryland Chapter, 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; requiring the
grantee to meet the requirements of a certain statute; 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 Charles County
- The Izaak Walton League of America - Southern Maryland Outdoor Education Center
Loan of 1995 in the total principal amount of $100,000 a total principal amount equal to
the lesser of (i) $50,000 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 Izaak Walton League of America, Southern Maryland Chapter (referred
to hereafter in this Act as the "the grantee"), for the repair, renovation, construction,
reconstruction, and equipping of the Southern Maryland Outdoor Education Center,
located in Charles County, including the conversion of the pavilion to an outdoor
classroom by the renovation of electricity, plumbing, kitchen facilities, and heating
facilities, as well as the repair of the roads, parking areas, and grounds, to be used for
science and nature studies, sports, and youth and family activities.

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