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PARRIS N. GLENDENING, Governor
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Ch. 72
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(3) (i) "Public body obligation" means any bond, note, evidence of
indebtedness or other obligation for the payment of borrowed money issued by the
Authority, the State, any agency, instrumentality, or public corporation of the State,
any public body as defined in Article 31, § 9 of the Code, the Mayor and City Council
of Baltimore, or any municipal corporation subject to the provisions of Article XI-E of
the Maryland Constitution.
(ii) "Public body obligation" does not include any obligation, or
portion of any such obligation, if:
1. The principal of and interest on the obligation or such
portion thereof is[:
A. Insured by an effective municipal bond insurance policy;
B. Issued] ISSUED on behalf of a hospital that voluntarily
closed in accordance with § 19-123(1) of the Health—General Article;
2. The proceeds of the obligation or such portion thereof were
used for the purpose of financing or refinancing a facility or part thereof which is used
primarily to provide outpatient services at a location other than the hospital; or
3. The proceeds of the obligation or such portion thereof were
used to finance or refinance a facility or part thereof which is primarily used by
physicians who are not employees of the hospital for the purpose of providing services
to nonhospital patients.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
October 1, 2000.
Approved April 25, 2000,
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CHAPTER 72
(Senate Bill 444)
AN ACT concerning
Stanton Center Loan of 1998
FOR the purpose of amending Chapter 186 of the Acts of the General Assembly of
1998, the Stanton Center Loan of 1998, to change the location of the project from
Clay Street to West Washington Street in the City of Annapolis and extend the
time by which the grantee shall provide and expend a matching fund to June 1,
2001; and generally relating to Chapter 186 of the Acts of the General Assembly
of 1998.
BY repealing and reenacting, with amendments,
Chapter 186 of the Acts of the General Assembly of 1998
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