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Legislation


2006 Regular Session

SENATE BILL 507

File Code: State Debt (Bond Bills) Crossfiled with: HOUSE BILL 1652
NOTE: Bond bills that received funding in fiscal 2006 were amended into the State's Capital budget (SB 370). Individual bond bills were not acted upon by the legislature, instead the General Assembly amended SB 370 to specifically list the projects it selected for funding. Click here for special information pertaining to 2006 Bond Bills.
Sponsored By:
Senator Exum
Entitled:
Creation of a State Debt - Prince George's County - Grace Center for Community and Economic Development

Synopsis:

Authorizing the creation of a State Debt in the amount of $500,000, the proceeds to be used as a grant to the Board of Directors of The Place of Grace Foundation, Inc. for the acquisition, planning, design, construction, and capital equipping of the Grace Center for Community and Economic Development to be located in Capitol Heights; 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; etc.

History by Legislative Date

Senate Action
2/3
First Reading Budget and Taxation
2/27
Hearing 3/11 at 11:00 a.m.
House Action
No Action

Bill indexed under the following Subjects:

COMMUNITY FACILITIES AND SERVICES
PRINCE GEORGE'S COUNTY
STATE BONDS

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
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