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Session Laws, 1997
Volume 795, Page 2039   View pdf image
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PARRIS N. GLENDENING, Governor

Approved April 29, 1997.

Ch. 252

CHAPTER 252
(House Bill 652)

AN ACT concerning

Creation of a State Debt - Prince George's County - Southern Maryland and Bethel

House Homeless Aid Program

FOR the purpose of authorizing the creation of a State Debt not to exceed $150,000
$100,000, the proceeds to be used as a grant to the Union Bethel AME Church 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; prohibiting the grantee from using the
proceeds of the bonds or the matching funds for sectarian religious purposes; 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 - Southern Maryland and Bethel House Homeless Aid Program Loan of 1997 in
a total principal amount equal to the lesser of (i) $150,000 $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 the Union Bethel AME Church (referred to hereafter in this Act as "the
grantee") for the repair, renovation, conversion, and reconstruction of, and for the
provision of capital equipment for, a building in Brandywine, Maryland, to be used as a
center for giving aid to the homeless in the area through the Southern Maryland and
Bethel House Homeless Aid Program.

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Session Laws, 1997
Volume 795, Page 2039   View pdf image
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