WILLIAM DONALD SCHAEFER, Governor                         Ch. 186

proceeds of the loan equal to the amount of the matching fund shall be expended for the
purposes provided in this Act. Any amount of the loan in excess of the amount of the
matching fund certified by the Board of Public Works shall be canceled and be of no
further effect.

(6) (a) Prior to the issuance of the bonds, the Board of Directors of Ward
Brothers Homeplace, Inc. shall grant and convey to the Maryland Historical Trust a
perpetual preservation easement to the extent of its interest:

(i) On the land or such portion of the land acceptable to the Trust;
and

(ii) On the exterior and interior, where appropriate, of the historic
structures.

(b) The easement must be in form and substance acceptable to the Trust
and the extent of the interest to be encumbered must be acceptable to the Trust.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
June 1, 1994.

Approved May 2, 1994.

CHAPTER 186
(Senate Bill 520)

AN ACT concerning

Creation of a State Debt - Greenbelt Center School

FOR the purpose of authorizing the creation of a State Debt not to exceed $1,000,000
$300,000 $50,000, the proceeds to be used as a grant to the Mayor and City Council
of Greenbelt for the restoration, historic preservation, repair, rehabilitation,
reconstruction, and renovation renovation, and equipping of the Greenbelt Center
School as a community center, subject to the requirement that the Mayor and City
Council of Greenbelt provide and expend a matching fund and present by a certain
date evidence that a matching fund will be provided; requiring the Mayor and City
Council of Greenbelt to grant and convey a certain easement to the Maryland
Historical Trust; and providing generally for the issuance and sale of bonds
evidencing the loan.

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That:

(1) The Board of Public Works may borrow money and incur indebtedness on
behalf of the State of Maryland through a State loan to be known as the Greenbelt Center
School Loan of 1994 in the total principal amount equal to the lesser of (i) $1,000,000
$300,000 $50,000 or (ii) the amount of the matching fund provided in accordance with
Section 1(5) below. This loan shall be evidenced by the issuance, sale, and delivery of

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