Ch. 142                                  1996 LAWS OF MARYLAND

issuance and sale of bonds evidencing the loan.

Preamble

WHEREAS, Senate Bill 588 and House Bill 1325 of 1992, both of which were
enacted by the General Assembly of Maryland, established a policy for providing services
in the State for children with special needs in the least restrictive environment; and

WHEREAS, The law of Maryland, as a result of this legislation being enacted by
the General Assembly and signed into law by the Governor, requires a plan to return
children who are in out-of-state residential placement to placement within the State; and

WHEREAS, There is a dearth of residential placements in the State available for
girls; and

WHEREAS, San Mar Children's Home has endeavored to address the need for
therapeutic housing for girls by proposing the development of a residential home for girls
on its campus in Western Maryland; now, therefore

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 Washington
County - San Mar Children's Home, Inc. - Therapeutic Group Home for Girls Loan of
1996 in a total principal amount equal to the lesser of (i) $350,000 of (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 the San Mar Children's Home, Inc. (referred to
hereafter in this Act as "the grantee") for the planning, design, construction, and capital
equipping of a six bedroom therapeutic group home for girls in the Boonsboro area of
Washington County.

(4)     An annual State tax is imposed on all assessable property in the State in rate
and amount sufficient to pay the principal of and interest on the bonds, as and when due
and until paid in full. The principal shall be discharged within 15 years after the date of
issuance of the bonds.

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