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PARRIS N. GLENDENING, Governor
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Ch. 562
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Approved May 18, 2000.
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CHAPTER 562
(Senate Bill 804)
AN ACT concerning
Creation of a State Debt - Prince George's County - Melwood - Horticultural
Training Center Facilities
FOR the purpose of authorizing the creation of a State Debt not to exceed $1,650,000
$250,000, the proceeds to be used as a grant to the Board of Directors of the
Melwood Horticultural Training Center, Inc. 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; 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 Prince
George's County - Melwood - Horticultural Training Center Facilities Loan of 2000 in
tho total principal amount of $1,650,000 a total principal amount equal to the lesser
of (i) $250,000 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 Melwood
Horticultural Training Center, Inc. (referred to hereafter in this Act as "the grantee")
for the development of 10 acres of land adjoining the Melwood property on Dower
House Road in Upper Marlboro, including the planning, design, construction, and
capital equipping of a new grounds maintenance, storage, and repair facility, as well
as other site improvements, all of which will aid in the training of developmentally
disabled individuals.
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