Ch. 79

1997 LAWS OF MARYLAND

1998, to present evidence satisfactory to the Board of Public Works that a 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. Any amount of the loan in excess of the amount of the matching fund certified
by the Board of Public Works shall be canceled and be of no further effect.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act is an emergency
measure, is necessary for the immediate preservation of the public health and safety, has
been passed by a yea and nay vote supported by three-fifths of all the members elected to
each of the two Houses of the General Assembly, and shall take effect from the date it is

enacted.

Approved April 8, 1997.

CHAPTER 79
(Senate Bill 910)

AN ACT concerning

Anne Arundel County - Glen Burnie Town Center Loan of 1995

FOR the purpose of amending Chapter 206 of the Acts of the General Assembly of 1995,
the Anne Arundel County - Glen Burnie Town Center Loan of 1995, to alter the
description of the location of the project and to alter the type of funds that may be
used as matching funds.

BY repealing and reenacting, with amendments,

Chapter 206 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 206 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 Anne Arundel
County - Glen Burnie Town Center Loan of 1995 in a total principal amount equal to the
lesser of (i) $1,000,000 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.

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