Ch. 41                                     2004 LAWS OF MARYLAND

CHAPTER 41
(House Bill 184)

AN ACT concerning

Prince George's County - North Brentwood Town Hall and Museum Project

Loan of 1996

FOR the purpose of providing that the Mayor and Town Council of North Brentwood
have until June 1, 2006, to encumber or expend the proceeds of the Prince
George's County—North Brentwood Town Hall and Museum Project Loan of
1996 must amending Chapter 93 of the Acts of 1996 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, with amendments,

Chapter 93 of the Acts of the General Assembly of 1996
Section 1

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

Chapter 93 of the Acts of 1996

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 — North Brentwood Town Hall and Museum Project Loan of 1996 in
a total principal amount equal to the lesser of (i) $175,000 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 Mayor and Town Council of North
Brentwood for the acquisition of a site and demolition of an existing structure, and for

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