2007 Regular Session

SENATE BILL 350

File Code: State Debt (Bond Bills) Crossfiled with: HOUSE BILL 1338
NOTE: Bond bills that received funding in fiscal 2008 were amended into the State's Capital budget (HB 51). Individual bond bills were not acted upon by the legislature, instead the General Assembly amended HB 51 to specifically list the projects it selected for funding. Click here for special information pertaining to 2007 Bond Bills.
Sponsored By:
Senator McFadden
Entitled:
Creation of a State Debt - Baltimore City - East Baltimore Housing Community

Synopsis:

Authorizing the creation of a State Debt not to exceed $250,000, the proceeds to be used as a grant to the Board of Directors of the Baltimore Regional Initiative Developing Genuine Equality, Inc. for the acquisition of vacant properties for an affordable housing community, located in Baltimore City; providing for disbursement of the loan proceeds, subject to a requirement that the grantee provide and expend a matching fund; prohibiting the use of the loan proceeds or matching fund for sectarian religious purposes; etc.

History by Legislative and Calendar Date

Senate Action
2/1
First Reading Budget and Taxation
2/28
Hearing 3/10 at 10:00 a.m.
House Action
No Action

Bill indexed under the following Subjects:

Baltimore City
Community Development
Housing -see also- Apartments; Condominiums; Mobile Homes
State Bonds

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled
Fiscal and Policy 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