2005 Regular Session

HOUSE BILL 1471

File Code: State Debt (Bond Bills) Prior Year Introduction As: SB 572/04 - B&T Crossfiled with: SENATE BILL 101
NOTE: Bond bills that received funding in fiscal 2006 were amended into the State's Capital budget (HB 340). Individual bond bills were not acted upon by the legislature, instead the General Assembly amended HB 340 to specifically list the projects it selected for funding. Click here for special information pertaining to 2005 Bond Bills.
Sponsored By:
Delegates Gordon, Barve, and Simmons
Entitled:
Creation of a State Debt - Montgomery County - Gaithersburg Aquatic and Recreation Center

Synopsis:

Authorizing the creation of a State Debt not to exceed $1,000,000, the proceeds to be used as a grant to the Mayor and City Council of the City of Gaithersburg for specified 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.

History by Legislative Date

House Action
2/23
First Reading House Rules and Executive Nominations
3/3
Re-referred Appropriations
3/4
Hearing 3/19 at 3:00 p.m.
4/11
Unfavorable Report by Appropriations
Senate Action
No Action

Sponsored by:

Delegate Michael R. Gordon, District 17
Delegate Kumar P. Barve, District 17
Delegate Luiz R. S. Simmons, District 17

Bill indexed under the following Subjects:

MONTGOMERY COUNTY
MUNICIPAL CORPORATIONS -see also- ANNAP; BALT; HAGER; OC
RECREATION
STATE BONDS
SWIMMING POOLS

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled
Fiscal Note (Displayed in PDF Format): Available    Bond Bill Fact Sheet: Available
The information in the Fact Sheet was provided by the potential grantee of the bond proceeds.
Amendments: None offered