PARRIS N. GLENDENING, Governor Ch. 414

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
October 1, 1997.

Approved May 8, 1997.

CHAPTER 414
(House Bill 186)

AN ACT concerning

Creation of a State Debt - Jewish Community Center of Greater Baltimore

FOR the purpose of authorizing the creation of a State Debt not to exceed $500,000, the
proceeds to be used as a grant to the Jewish Community Center of Greater
Baltimore 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; providing that no proceeds of a loan or any
matching funds may be used for 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 Jewish
Community Center of Greater Baltimore Loan of 1997 in a total principal amount equal
to the lesser of (i) $500,000 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 Jewish Community Center of Greater Baltimore (referred to hereafter in
this Act as "the grantee") for the repair, renovation, improvement, and expansion of the
educational, cultural, and recreational facilities at the Park Heights location of the
Center, which will allow the Center to expand and improve its services to senior citizens,
special needs populations, immigrants, and refugees, as well as to all the residents of the
Park Heights area.

- 2659 -