|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PARRIS N. GLENDENING, Governor
|
|
|
|
|
|
Ch. 232
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9-628(d) of the Labor and Employment Article, take effect January 1, 1988 [and shall
remain in effect for a period of 13 years and, at the end of January 1, 2001, with no
further action required by the General Assembly, these changes shall be abrogated
and of no further force and effect].
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
October 1, 2000.
Approved May 11, 2000.
|
|
|
|
|
|
|
|
|
|
CHAPTER 232
(Senate Bill 121)
AN ACT concerning
Creation of a State Debt - Baltimore City - South Baltimore Learning Center
FOR the purpose of authorizing the creation of a State Debt not to exceed $500,000
$400,000 $350,000, the proceeds to be used as a grant to the Board of Directors
of the South Baltimore Learning Corporation 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;
requiring the grantee to grant and convey a captain 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 Baltimore
City - South Baltimore Learning Center Loan of 2000 in a total principal amount
equal to the lesser of (i) $500,000 $400,000 $350,000 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 Board of Directors of the South
Baltimore Learning Corporation (referred to hereafter in this Act as "the grantee") for
|
|
|
|
|
|
|
|
|
|
- 1495 -
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
