ROBERT L. EHRLICH, JR., Governor
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shall certify this fact to the State Treasurer and the proceeds of the loan shall be
expended for the purposes provided in this Act. If this evidence is not presented by
June 1, 2005, the proceeds of the loan shall be applied to the purposes authorized in
Section 8-129 of the State Finance and Procurement Article.
(b) It is further provided that when an equal and matching fund is
specified in Section 1(3), Items ZA00 through ZB02 ZD01 ZC01 above, grantees shall
provide a matching fund equal to the lesser of (i) the authorized amount of the State
grant or (ii) the amount of the matching fund certified by the Board of Public Works.
If satisfactory evidence is presented, the Board shall certify this fact and the amount
of the matching fund to the State Treasurer and the proceeds of the loan equal to the
amount of the matching fund shall be expended for the purposes provided in this Act.
Except as otherwise provided in this Act, if this evidence is not presented by June 1,
2005, the proceeds of the loan shall be applied to the purposes authorized in Section
8-129 of the State Finance and Procurement Article. The proceeds of any amount of
the loan in excess of the matching fund certified by the Board of Public Works shall
also be applied to the purposes authorized in Section 8-129 of the State Finance and
Procurement Article.
SECTION 2. AND BE IT FURTHER ENACTED, That the Laws of Maryland
read as follows:
Chapter 491 of the Acts of 1986, as amended by Chapter 457 of the Acts of 1988,
as amended by Chapter 115 of the Acts of 1994, as amended by Chapter 131 of
the Acts of 1995
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND. That:
(5) This authorization shall not terminate as specified in § 8-128 of the State
Finance and Procurement Article. The Department of Juvenile Services shall have
until June 1, [1997] 2004 to contract with the Board of Public Works for the
commitment of funds for the purposes authorized under this Act.
Chapter 542 of the Acts of 1988, as amended by Chapter 98
of the Acts of 1989
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 General
Construction Loan of 1988 in the total principal amount of [$110,691,000]
$110,443,827. 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.
Chapter 542 of the Acts of 1988, as amended by Chapter 73 of the Acts of 1993
Section 1(3)
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