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Ch. 508
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2000 LAWS OF MARYLAND
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Board, for any expenditure authorized by that act, provided that the next ensuing
sale of general obligation bonds shall include the issuance of bonds under the
authority of that act in an amount at least equivalent to the amount of the funds so
advanced.
SECTION 12. AND BE IT FURTHER ENACTED, That the net new debt to be
authorized by legislation in fiscal year 2001 may not exceed $460,000,000, as
evidenced by the following:
FY 2001 debt to be authorized by this Act.......................................$438,618,000
$432,343,000
$427,593,000
$428,623,000
FY 2001 debt to be authorized by separate legislation for independent
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colleges and universities.................................................................6,000,000
FY 2001 debt to be authorized by separate legislation for private
hospitals........................................................................................... 4,840,000
4,690,000
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FY 2001 debt to be authorized by separate legislation for
projects of political subdivisions and nonprofit organizations ..12,500,000
18,035,000
23,676,000
22,645,000
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Subtotal................................................................................................$461,958,000
Reductions in previously authorized State debt made
in this Act......................................................................................(1,958,000)
Net new debt to be authorized in FY 2001........................................$460,000,000
SUMMARY OF REDUCTIONS IN PREVIOUSLY AUTHORIZED STATE DEBT
Reductions in
Previously Current Reduced
Authorized Amount of Prior Amount of
State Debt Authorization Cancellations Reduction Authorization
Chapter 520 of the
Acts of 1982
(General Construction
Loan) 98,633,000 4,648,325 348,000 93,636,675
Chapter 4 of the
Acts of the First
Special Session of
1992 (Maryland
Consolidated Capital
Bond Loan), as
amended 346,410,681 -0- 150,000 346,260,681
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- 2714 -
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