PARRIS N. GLENDENING, Governor                            H.B. 551

extending the time by which the Centers must provide matching funds totaling $950,000
and alters the requirements of the matching fund by providing that it may consist of real
property, in kind contributions, or funds expended prior to the effective date. The bill
also provides that any amount of the loan in excess of the amount of the matching fund
will be canceled.

Senate Bill 321, which was passed by the General Assembly and signed by me on May 14,
1996, accomplishes the same purpose. Therefore, it is not necessary for me to sign House
Bill 551.

Sincerely,

Parris N. Glendening

Governor

House Bill No. 551

AN ACT concerning

Treatment and Learning Centers, Inc. Loan of 1989

FOR the purpose of amending Chapter 624 of the Acts of 1989, as amended by Chapter
107 of the Acts of 1991, Chapter 213 of the Acts of 1992, and Chapter 123 of the
Acts of 1994, the Treatment and Learning Centers, Inc. Loan of 1989, to extend the
time by which a matching fund shall be provided; to alter the kind of matching fund
required; and to alter the method of providing matching funds.

BY repealing and reenacting, with amendments,

Chapter 624 of the Acts of 1989, as amended by Chapter 107 of the Acts of 1991,
Chapter 213 of the Acts of 1992, and Chapter 123 of the Acts of 1994

Section 1

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

Chapter 624 of the Acts of 1989, as amended by Chapter 107 of the Acts of 1991, 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.

- 4239 -