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Session Laws, 1999
Volume 796, Page 1793   View pdf image
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(2) Each local board chairman shall serve as liaison between the local
board and the State Board.

(3) In Frederick County AND IN GARRETT COUNTY, the local board shall
be composed of at least 9 but no more than 13 members, as determined by the Board
of County Commissioners.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
October 1, 1999.

Approved April 27, 1999.

CHAPTER 192
(Senate Bill 669)

AN ACT concerning

Creation of a State Debt - The Maryland School for the Blind

FOR the purpose of authorizing the creation of a State Debt in the amount not to
exceed $300,000 $200,000, the proceeds to be used as a grant to The Maryland
School for the Blind 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 to the Maryland Historical Trust a certain kind
of easement; 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 Maryland
School for the Blind Loan of 1999 in the a total principal amount of $300,000 equal to
the lesser of (i) $300,000 $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

 

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Session Laws, 1999
Volume 796, Page 1793   View pdf image
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