SB13. Creation of a State Debt - Prince George's County - Chesapeake Math and IT Academy Gymnasium

Maryland General Assembly. 2013 Regular Session. Senate.

Introduced:
Oct 04, 2012
Last Action:
Mar 09, 2013
Hearing 3/09 at 11:00 a.m.

State legislative information provided by LegiNation, Inc. and LegiScan, Inc. Some information also from Open States.

History

Oct 04, 2012: Pre-filed

Jan 09, 2013: First Reading Budget and Taxation

Mar 09, 2013: Hearing 3/09 at 11:00 a.m.

Summary

FORthe purpose of authorizing the creation of a State Debt not to exceed $250,000 4 the proceeds to be used as a grant to the Board of Directors of the Chesapeake 5 Math and ITAcademy Inc for certain development or improvement purposes ;6 providing for disbursement of the loan proceeds subject to a requirement that 7 the grantee provide and expend a matching fund ;establishing a deadline for the 8 encumbrance or expenditure of the loan proceeds ;and providing generally for 9 the issuance and sale of bonds evidencing the loan 10