SECTION 5. AND BE IT FURTHER ENACTED, That this Act is an emergency
measure, is necessary for the immediate preservation of the public health and safety;
has been passed by a yea and nay vote supported by three-fifths of all the members
elected to each of the two Houses of the General Assembly, and shall take effect from
the date it is enacted.

SECTION 4. AND BE IT FURTHER ENACTED, That this Act shall take
effect October 1, 1999.

Approved April 27, 1999. 

CHAPTER 131
(Senate Bill 18)

AN ACT concerning

Creation of a State Debt - Federation of Hispanic Organizations of the
Baltimore Metropolitan Area, Inc; 

FOR the purpose of authorizing the creation of a State Debt not to exceed $250,000
$175,000 $100,000, the proceeds to be used as a grant to the Board of Directors
of the Federation of Hispanic Organizations of the Baltimore Metropolitan Area,
Inc. 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; requiring the grantee to grant and convey
a certain easement to the Maryland Historical Trust; 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 Federation of
Hispanic Organizations of the Baltimore Metropolitan Area, Inc. Loan of 1999 in a
total principal amount equal to the lesser of (i) $250,000 $175,000 $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