PARRIS N. GLENDENING, Governor

Approved April 29, 1997.

Ch. 225

CHAPTER 225
(House Bill 269)

AN ACT concerning

Creation of a State Debt - Prince George's County - Maryland-National Capital Park
and Planning Commission - Tucker Road Ice Rink

FOR the purpose of authorizing the creation of a State Debt not to exceed $950,000
$250,000, the proceeds to be used as a grant to the Maryland-National Capital Park
and Planning Commission for certain acquisition, development, or improvement
purposes; providing for disbursement of the loan proceeds, subject to a requirement
that the grantee provide and expend a matching fund; 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 - Maryland-National Capital Park and Planning Commission - Tucker Road Ice
Rink Loan of 1997 in a total principal amount equal to the lesser of (i) $950,000 $250,000
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 Maryland-National Capital Park and Planning Commission (referred to
hereafter in this Act as "the grantee") for the repair, renovation, and expansion of, and
for the provision of capital equipment for, the Tucker Road Ice Rink in Prince George's
County, the renovations to include enclosing the ice rink, upgrading the heating system,
constructing an addition, and remodeling the warming hut, together with other
renovations that are necessary for compliance with the Americans with Disabilities Act
and current building codes.

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