2007 house journal index of days - Maryland General Assembly

494 Journal of Proceedings Feb. 8, 2007
Section 3–1009 and 3–1010
Annotated Code of Maryland
(2006 Replacement Volume)
Read the first time and referred to the Committee on Ways and Means.
House Bill 656 – Delegates Frush, Barnes, and Pena–Melnyk
AN ACT concerning
Creation of a State Debt – Prince George’s County – Laurel Armory Anderson
Murphy Community Center
FOR the purpose of authorizing the creation of a State Debt in the amount of $350,000,
the proceeds to be used as a grant to the Mayor and City Council of the City of
Laurel for certain development or improvement purposes; providing for
disbursement of the loan proceeds, subject to a requirement that the grantee
provide and expend a matching fund; establishing a deadline for the encumbrance
or expenditure of the loan proceeds; and providing generally for the issuance and
sale of bonds evidencing the loan.
Read the first time and referred to the Committee on Appropriations.
House Bill 657 – Cecil County Delegation
AN ACT concerning
Cecil County – Purchase of Development Rights Program – General Obligation
Installment Purchase Agreements
FOR the purpose of authorizing and empowering the County Commissioners of Cecil
County, from time to time, to enter into installment purchase agreements for an
aggregate purchase price of not more than $4,000,000, plus interest thereon, to
acquire development rights in tracts or parcels of agricultural land located in Cecil
County, Maryland as part of the County’s Purchase of Development Rights
Program; empowering the County to fix and determine by resolution, the tracts or
parcels of land the transfer development rights of which are to be acquired and the
form, content, terms and conditions of each installment purchase agreement,
including, without limitation, the purchase price payable thereunder, the maturity
date of the installment purchase agreement, the interest rate and schedule of
payments of the purchase price (or the method of determining such interest rate
and payment schedule) and all other details incident to the acquisition of the
development rights and the installment purchase agreements; providing that the
County’s obligation to make payments of the purchase price under the installment