H.B. 239

VETOES

1997, accomplishes the same purpose. Therefore, it is not necessary for me to sign House
Bill 239.

Sincerely,

Parris N. Glendening

Governor

House Bill No. 239

AN ACT concerning

CURE Heart, Body, and Soul Loan of 1994

FOR the purpose of amending Chapter 229 of the Acts of the General Assembly of 1994,
the CURE Heart, Body, and Soul Loan of 1994, to alter the purpose for which the
proceeds of the grant will be used from renovation of existing buildings to the
construction of a new building; removing the historic easement; and making this Act
an emergency measure.

BY repealing and reenacting, with amendments,

Chapter 229 of the Acts of the General Assembly of 1994
Section 1

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

Chapter 229 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 CURE Heart,
Body, and Soul Loan of 1994 in a total principal amount equal to the lesser of (i) $200,000
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 Board of Directors of Clergy United for Renewal of East Baltimore, Inc.
for the [renovation of four buildings located at 901 through 907 North Broadway]

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