Approved May 13, 1999.

CHAPTER 507
(House Bill 1208)

AN ACT concerning

Prince George's County - Town of Fairmount Heights - Sheriff Road
Revitalization Project Loan of 1997

FOR the purpose of amending Chapter 269 of the Acts of the General Assembly of
1997, the Prince George's County - Town of Fairmount Heights - Sheriff Road
Revitalization Project Loan of 1997, to extend the time by which the recipient
shall provide the matching funds.

BY repealing and reenacting, with amendments,

Chapter 269 of the Acts of the General Assembly of 1997
Section 1

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Chapter 269 of the Acts of 1997

(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 Prince
George's County - Town of Fairmount Heights — Sheriff Road Revitalization Project
Loan of 1997 in a total principal amount equal to the lesser of (i) $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
Board of Public Works, for the following public purposes, including any applicable
architects' and engineers' fees: as a grant to the Town of Fairmount Heights (referred
to hereafter in this Act as "the grantee") for revitalization of the Sheriff Road area,
the revitalization to include the repair and reconstruction of the infrastructure,