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Session Laws, 1997
Volume 795, Page 4923   View pdf image
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PARRIS N. GLENDENING, Governor                          H.B. 1071

State House
Annapolis MD 21401

Dear Mr. Speaker:

In accordance with Article II, Section 17 of the Maryland Constitution, I have today
vetoed House Bill 1071.

This bill amends the Baltimore City - Grace Outreach Center Loan of 1995 by extending,
from June 1, 1997 to June 1, 1999, the time by which the Grace Outreach Development
Corporation must provide evidence of matching funds.

Senate Bill 678, which was passed by the General Assembly and signed by me on April 29,
1997, accomplishes the same purpose. Therefore, it is not necessary for me to sign House
Bill 1071.

Sincerely,

Parris N. Glendening

Governor

House Bill No. 1071

AN ACT concerning

Baltimore City - Grace Outreach Center Loan of 1995

FOR the purpose of amending Chapter 197 of the Acts of the General Assembly of 1995,
the Baltimore City - Grace Outreach Center Loan of 1995, to extend the time by
which the grantee shall provide evidence of a matching fund.

BY repealing and reenacting, with amendments,

Chapter 197 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 197 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 Baltimore City
- Grace Outreach Center Loan of 1995 in a total principal amount equal to the lesser of
(i) $700,000 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.

- 4923 -

 

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Session Laws, 1997
Volume 795, Page 4923   View pdf image
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