PARRIS N. GLENDENING, Governor                             Ch. 307

CHAPTER 307                                     

(House Bill 1130)

AN ACT concerning

Lillie Carroll Jackson Museum Loan of 1991

FOR the purpose of amending Chapter 608 of the Acts of the General Assembly of 1991,
the Lillie Carroll Jackson Museum Loan of 1991, as amended by Chapter 595 of the
Acts of the General Assembly of 1993, Chapter 736 of the Acts of the General
Assembly of 1994, and Chapter 285 of the Acts of the General Assembly of 1995, to
extend the time by which Morgan State University shall provide and expend a
matching fund.

BY repealing and reenacting, with amendments,

Chapter 608 of the Acts of the General Assembly of 1991, as amended by Chapter
595 of the Acts of the General Assembly of 1993, Chapter 736 of the Acts of
the General Assembly of 1994, and Chapter 285 of the Acts of the General
Assembly of 1995

Section 1

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Chapter 608 of the Acts of 1991, as amended by Chapter 595 of the Acts of 1993, Chapter
736 of the Acts of 1994, and Chapter 285 of the Acts of 1995

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 Lillie Carroll
Jackson Museum Loan of 1991 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.

(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 Morgan State University for the repair and renovation of, and for the

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