Bill > SB291

Introduced Session

AN ACT concerning Creation of a State Debt - Maryland Consolidated Capital Bond Loan of 2022, and the Maryland Consolidated Capital Bond Loans of 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, and 2021 FOR the purpose of authorizing the creation of a State Debt in the amount of One Billion, Two Hundred Four Million, Three Hundred Sixty-One Thousand Dollars ($1,204,361,000), Eight Hundred and Seventy-Nine Million, Three Hundred and Twenty-Five Thousand, Five Hundred Dollars ($879,325,500), One Billion, Two Hundred Eighteen Million, Three Hundred Sixty-Seven Thousand and Fifty-Five Dollars ($1,218,327,055), One Billion, Two Hundred and Nineteen Million, Three Hundred Sixty-One Thousand Dollars ($1,219,361,000), the proceeds to be used for certain necessary building, construction, demolition, planning, renovation, conversion, replacement, and capital equipment purchases of the State, for acquiring certain real estate in connection therewith, and for grants to certain subdivisions and other organizations for certain development and improvement purposes, subject to certain requirements that certain matching funds be provided and expended by certain dates; providing generally for the issuance and sale of bonds evidencing the loan; imposing a certain tax on all assessable property in the State; requiring that certain grantees convey certain easements under certain circumstances to the Maryland Historical Trust; providing that the proceeds of certain loans must be expended or encumbered by a certain date; authorizing the Board of Public Works, under certain circumstances, to approve certain appropriations, notwithstanding certain technical differences; authorizing certain unexpended appropriations in certain prior capital budgets and bond loans to be expended for other public projects; altering certain requirements for certain programs in certain prior capital budgets and bond loans; reducing prior authorizations of State Debt; requiring that certain projects be constructed at certain locations; adding, altering, and repealing certain requirements for certain appropriations; specifying the use of certain project funds; altering and expanding the authorized purpose of certain grants; providing that certain grants may not terminate before certain dates; authorizing premiums from the sale of State bonds in certain fiscal years to be used for certain purposes; requiring the Comptroller to make certain transfers, adjustments, and reconciliations; authorizing, in a certain fiscal year, the fund balance of a certain fund to exceed a certain limit; repealing certain Maryland Consolidated Capital Bond Loan Preauthorization acts; specifying the use of certain project funds; authorizing the creation of State Debt in certain years to be used for certain purposes; withholding certain funds until certain reports are provided; providing for certain allocations of certain authorizations to certain projects in certain jurisdictions; clarifying the use of certain bond proceeds; and generally relating to the financing of certain capital projects. BY repealing and reenacting, with amendments, Chapter 396 of the Acts of the General Assembly of 2011 Section 1(3) Item DW01.10(A) BY repealing and reenacting, with amendments, Chapter 444 of the Acts of the General Assembly of 2012 Section 1(3) Item DW01.10(A) BY repealing and reenacting, with amendments, Chapter 424 of the Acts of the General Assembly of 2013 Section 1(3) Item DW01.10(A) BY repealing and reenacting, with amendments, Chapter 463 of the Acts of the General Assembly of 2014 Section 1(3) Item RE01(A) and DW01.10(A), RE01(A), and RM00(F) BY repealing and reenacting, with amendments, Chapter 463 of the Acts of the General Assembly of 2014, as amended by Chapter 495 of the Acts of the General Assembly of 2015, Chapter 27 of the Acts of the General Assembly of 2016, Chapter 22 of the Acts of the General Assembly of 2017, Chapter 9 of the Acts of the General Assembly of 2018, Chapter 14 of the Acts of the General Assembly of 2019, Chapter 537 of the Acts of the General Assembly of 2020, and Chapter 63 of the Acts of the General Assembly of 2021 Section 1(1) BY repealing and reenacting, with amendments, Chapter 495 of the Acts of the General Assembly of 2015 Section 1(3) Item RB25(A) and DW01.11(A), RB25(A), and RM00(A) and (B) BY repealing and reenacting, with amendments, Chapter 495 of the Acts of the General Assembly of 2015, as amended by Chapter 27 of the Acts of the General Assembly of 2016, Chapter 22 of the Acts of the General Assembly of 2017, Chapter 9 of the Acts of the General Assembly of 2018, Chapter 14 of the Acts of the General Assembly of 2019, and Chapter 63 of the Acts of the General Assembly of 2021 Section 1(1) BY repealing and reenacting, with amendments, Chapter 495 of the Acts of the General Assembly of 2015, as amended by Chapter 22 of the Acts of the General Assembly of 2017 Section 1(3) Item ZA01(B) BY repealing and reenacting, with amendments, Chapter 495 of the Acts of the General Assembly of 2015, as amended by Chapter 9 of the Acts of the General Assembly of 2018 and Chapter 14 of the Acts of the LAWRENCE J. HOGAN, JR., Governor General Assembly of 2019 Section 1(3) Item RD00(A) BY repealing and reenacting, with amendments, Chapter 27 of the Acts of the General Assembly of 2016 Section 1(3) Item ZA01(C) BY repealing and reenacting, with amendments, Chapter 27 of the Acts of the General Assembly of 2016, as amended by Chapter 22 of the Acts of the General Assembly of 2017, Chapter 9 of the Acts of the General Assembly of 2018, Chapter 14 of the Acts of the General Assembly of 2019, Chapter 537 of the Acts of the General Assembly of 2020, and Chapter 63 of the Acts of the General Assembly of 2021 Section 1(1) BY repealing and reenacting, with amendments, Chapter 27 of the Acts of the General Assembly of 2016, as amended by Chapter 537 of the Acts of the General Assembly of 2020 Section 1(3) Item RB23(A) BY repealing and reenacting, with amendments, Chapter 22 of the Acts of the General Assembly of 2017 Section 1(3) Item RM00(A) BY repealing and reenacting, with amendments, Chapter 22 of the Acts of the General Assembly of 2017, as amended by Chapter 537 of the Acts of the General Assembly of 2020 Section 1(1) BY repealing and reenacting, with amendments, Chapter 9 of the Acts of the General Assembly of 2018 Section 1(1) and (3) Item DB01(E) BY repealing and reenacting, with amendments, Chapter 14 of the Acts of the General Assembly of 2019 Section 1(3) Item DE02.01(E) BY repealing and reenacting, with amendments, Chapter 537 of the Acts of the General Assembly of 2020 Section 1(1) and (3) Item SA25(C) and 16(3) BY repealing Chapter 537 of the Acts of the General Assembly of 2020 Section 16(2) BY repealing and reenacting, with amendments, Chapter 537 of the Acts of the General Assembly of 2020, as amended by Chapter 63 of the Acts of the General Assembly of 2021 Section 1(3) Item ZA01(C) and 16(1) BY repealing and reenacting, with amendments, Chapter 63 of the Acts of the General Assembly of 2021 Section 1(1) and (3) Item DW01.06(A), RB21(B), RM00(A), and VE01(B) and 16(1) BY repealing Chapter 63 of the Acts of the General Assembly of 2021 Section 13, 14, and 15

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Approved by the Governor - Chapter 344 (on 05/16/2022)

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