Ch. 297
1996 LAWS OF MARYLAND
EMPLOYEES, OR A COMBINATION THEREOF, OR FOR MEMBERS OR FORMER
MEMBERS, OR A COMBINATION THEREOF, OF THE LABOR ORGANIZATION.
(iv) Notwithstanding the provisions of subparagraph (i) of this
paragraph, the Commissioner shall adopt regulations necessary to make the provisions of
this paragraph conform to the requirements of applicable federal law.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
June 1, 1996.
Approved April 30, 1996.
CHAPTER 297
(House Bill 1069)
AN ACT concerning
Creation of a State Debt - Prince George's County - Walker Mill Gardens Community
Outreach Center, Inc.
FOR the purpose of authorizing the creation of a State Debt in the amount of $500,000
$100,000, the proceeds to be used as a grant to the Board of Directors of the Walker
Mill Gardens Community Outreach Center, Inc. for certain acquisition,
. development, or improvement purposes; providing for disbursement of the loan
proceeds; 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 Prince George's
County - Walker Mill Gardens Community Outreach Center, Inc. Loan of 1996 in the
total principal amount of $500,000 $100,000. 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 Walker Mill Gardens Community Outreach
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