(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 McCready
Memorial Hospital, Inc. for the planning, design, renovation, repair, reconstruction,
construction, and capital equipping of a cancer/dialysis center to be located at the
McCready Memorial Hospital, Inc. in Crisfield.
(4) An annual State tax is imposed on all assessable property in the State in
rate and amount sufficient to pay the principal of and interest on the bonds, as and
when due and until paid in full. The principal shall be discharged within 15 years
after the date of issuance of the bonds.
(5) Prior to the payment of any funds under the provisions of this Act for the
purposes set forth in Section 1(3) above, the grantee shall provide and expend a
matching fund of $99,200. No part of the grantee's matching fund may be provided,
either directly or indirectly, from funds of the State, whether appropriated or
unappropriated. No part of the fund may consist of real property or in kind
contributions. The fund may consist of funds expended prior to the effective date of
this Act. In case of any dispute as to the amount of the matching fund or what money
or assets may qualify as matching funds, the Board of Public Works shall determine
the matter and the Board's decision is final. The grantee has until June 1, 2001, to
present evidence satisfactory to the Board of Public Works that a matching fund will
be provided. If satisfactory evidence is presented, the Board shall certify this fact to
the State Treasurer, and the proceeds of the loan shall be expended for the purposes
provided in this Act.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
June 1, 1999.
Approved April 27, 1999.
CHAPTER 155
(Senate Bill 181)
AN ACT concerning
Health Insurance - Coverage for a Prosthesis
FOR the purpose of requiring certain health insurers, nonprofit health service plans,
and health maintenance organizations to provide coverage for a prosthesis
under certain circumstances; prohibiting certain health policies or contracts
|
![clear space](../../../images/clear.gif) |