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Session Laws, 1996
Volume 794, Page 2595   View pdf image
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PARRIS N. GLENDENING, Governor

Ch. 386

Chapter 624 of the Acts of 1989, as amended by Chapter 107 of the Acts of 1591, Chapter
213 of the Acts of 1992, and Chapter 123 of the Acts of 1994

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 Treatment and
Learning Centers, Inc. Loan of 1989 in [the total principal amount $950,000] A TOTAL
PRINCIPAL AMOUNT EQUAL TO THE LESSER OF (I) $950,000 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 Treatment and Learning Centers, Inc. for the addition and construction
of a new wing to the Treatment and Learning Center located in the Montgomery County
Life Science Park in Gaithersburg, in Montgomery 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
issue of the bonds.

(5)     Prior to the payment of any funds under the provisions of this Act for the
purposes set forth in Section 1(3) above, the Treatment and Learning Centers, Inc. shall
provide [ at least an equal and matching fund of $950,000] A MATCHING FUND. No part
of [ an applicant's] THE GRANTEE'S matching fund may be provided, either directly or
indirectly, from funds of the State, whether appropriated or unappropriated. [ No part of
the] THE fund may consist of real property, in kind contributions, or funds expended
prior to the effective date of this Act. In case of any dispute as to what money or assets
may qualify as matching funds, the Board of Public Works shall determine the matter,
and the Board's decision is final. The Treatment and Learning Centers, Inc. has until
June 1, [ 1996] 1998, to present evidence satisfactory to the Board of Public Works that
the matching fund will be provided. If satisfactory evidence is presented, the Board shall
certify this fact AND THE AMOUNT OF THE MATCHING FUND to the State Treasurer,
and the proceeds of the loan EQUAL TO THE AMOUNT OF THE MATCHING FUND shall
be expended for the purposes provided in this Act. [ If this evidence is not presented by
June 1, 1996, the proceeds of the loan shall be applied to the purposes authorized in §
8-129 of the State Finance and Procurement Article.] ANY AMOUNT OF THE LOAN IN

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Session Laws, 1996
Volume 794, Page 2595   View pdf image
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