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

Approved April 27, 1999.

CHAPTER 234
(House Bill 440)

AN ACT concerning

Creation of a State Debt - Frederick County - Greater Brunswick
Community Action School Services Building

FOR the purpose of authorizing the creation of a State Debt not to exceed $80,000, the
proceeds to be used as a grant to the City Manager and City Council of the City
of Brunswick for certain development or improvement purposes; providing for
disbursement of the loan proceeds, subject to a requirement that the grantee
provide and expend a matching fund; 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 Frederick
County - Greater Brunswick Community Action School Services Building Loan of
1999 in a total principal amount equal to the lesser of (i) $80,000 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 City Manager and City Council of the
City of Brunswick (referred to hereafter in this Act as "the grantee") for the planning,
design, construction, reconstruction, and capital equipping of an expansion of the
Greater Brunswick Community Action School Services Building.