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Legislation


2005 Regular Session

SENATE BILL 101

File Code: State Debt (Bond Bills) Prior Year Introduction As: SB 572/04 - B&T Crossfiled with: HOUSE BILL 1471
Sponsored By:
Senator Forehand
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

Senate Action
1/19
First Reading Budget and Taxation
3/2
Hearing 3/19 at 4:00 p.m.
House Action
No Action

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
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