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Session Laws, 1987
Volume 769, Page 2102   View pdf image
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Ch. 417                                     LAWS OF MARYLAND

effective date of this Act. In case of any dispute as to 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. Centers for the Handicapped, Inc. has until June 1,
1989, to present evidence satisfactory to the Board of Public
Works that the matching fund will be provided. If satisfactory
evidence is presented, the Board 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, 1989, the proceeds of the loan shall be
applied to the purposes authorized in § 8-129 of the State
Finance and Procurement Article.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect June 1, 1987.

Approved May 14, 1987.

CHAPTER 417

(Senate Bill 965)

AN ACT concerning

Creation of a State Debt - Montgomery County
Prerelease Center
MC 714-87

FOR the purpose of authorizing the creation of a State Debt in
the amount of $1,223,000 $106,000, the proceeds to be used
as a grant to the County Executive and County Council of
Montgomery County for the purpose of the planning, design,
construction, and equipping of to plan for an expansion to
the Montgomery County Prerelease Center, subject to the
requirement that the County Executive and County Council of
Montgomery County provide at least an equal and matching
fund of a certain kind for the same purpose by a certain
date; and providing generally for the issue and sale of
bonds evidencing the loan.

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 Montgomery County Prerelease Center Loan
of 1987 in the total principal amount of $1,223,000 $106,000.
This loan shall be evidenced by the issuance, sale, and delivery

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Session Laws, 1987
Volume 769, Page 2102   View pdf image
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