ROBERT L. EHRLICH, JR., Governor                              Ch. 32

or safety, has been passed by a yea and nay vote supported by three-fifths of all the
members elected to each of the two Houses of the General Assembly, and shall take
effect from the date it is enacted.

Approved April 13, 2004.

CHAPTER 32
(Senate Bill 399)

AN ACT concerning

Anne Arundel County - Wiley H. Bates High School Loan of 1997

FOR the purpose of providing that the grantee of the Anne Arundel County—Wiley H.
Bates High School Loan of 1997 has until June 1, 2005, to expend or encumber
the loan proceeds; and generally relating to the Anne Arundel County—Wiley H.
Bates High School Loan of 1997 amending Chapter 221 of the Acts of 1997 to
require that the loan proceeds be encumbered by the Board of Public Works or
expended for certain purposes by a certain date; and making this Act an
emergency measure.

BY repealing and reenacting, without amendments,

Chapter 221 of the Acts of the General Assembly of 1997
Section 1(1) through (6)

BY adding to

Chapter 221 of the Acts of the General Assembly of 1997
Section 1(7)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Chapter 221 of the Acts of 1997

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 Anne Arundel
County - Wiley H. Bates High School Loan of 1997 in a total principal amount equal
to the lesser of (i) $1,000,000 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.

- 227 -