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PARRIS N. GLENDENING, Governor
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Ch. 1
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being repealed and reenacted, without amendment, to ratify their
enactment and to address objections regarding a possible violation of the
one subject requirement of Article III, § 29 of the Maryland Constitution.
Chapter 257 of the Acts of 1998, as amended by Chapter 577 of the Acts of
1999
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 - Minority Access, Inc. Community Center Loan of 1998 in a total
principal amount equal to the lesser of (i) $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 Minority Access, Inc. (referred to
hereafter in this Act as "the grantee") for the planning, design, repair, renovation, and
capital equipping of a building in Hyattsville, the building to be used by Minority
Access as a community center that offers a variety of services to the people of the
surrounding area and including a community art center.
(4) An annual State tax is imposed on all assessable property in the State in
rate and amount sufficient to pay the principal of and interest on the bonds, as and
when due and until paid in full. The principal shall be discharged within 15 years
after the date of issuance of the bonds.
(5) Prior to the payment of any funds under the provisions of this Act for the
purposes set forth in Section 1(3) above, the grantee shall provide and expend a
matching fund. No part of the grantee's matching fund may be provided, either
directly or indirectly, from funds of the State, whether appropriated or
unappropriated. No part of the fund may consist of in kind contributions. The
matching fund may consist of real property or funds expended prior to the effective
date of this Act. In case of any dispute as to the amount of the matching fund or what
money or assets may qualify as matching funds, the Board of Public Works shall
determine the matter and the Board's decision is final. The grantee has until June 1,
2000, to present evidence satisfactory to the Board of Public Works that a matching
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- 5 -
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