(iv) whether insurance is available from insurers other than the
Maryland Automobile Insurance Fund.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take
effect October 1, 1999 January 1, 2000. It shall remain effective for a period of four
and one half years and, at the end of June 30, 2004, with no further action required by
the General Assembly, this Act shall be abrogated and of no further force and effect.

Approved April 27, 1999.

CHAPTER 202
(House Bill 45)

AN ACT concerning

Creation of a State Debt - Baltimore City - The American Visionary Art

Museum

FOR the purpose of authorizing the creation of a State Debt not to exceed $750,000
$650,000, the proceeds to be used as a grant to the Board of Directors of The
American Visionary Art Museum, Inc. for certain development or improvement
purposes; providing for disbursement of the loan proceeds, subject to a
requirement that the grantee provide and expend a matching fund; 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 Baltimore
City - The American Visionary Art Museum Loan of 1999 in a total principal amount
equal to the lesser of (i) $750,000 $650,000 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 State general obligation bonds authorized by a
resolution of the Board of Public Works and issued, sold, and delivered in accordance
with §§ 8-117 through 8-124 of the State Finance and Procurement Article and
Article 31, § 22 of the Code.

(2) The bonds to evidence this loan or installments of this loan may be sold as
a single issue or may be consolidated and sold as part of a single issue of bonds under
§ 8-122 of the State Finance and Procurement Article.

(3) The cash proceeds of the sale of the bonds shall be paid to the Treasurer
and first shall be applied to the payment of the expenses of issuing, selling, and
delivering the bonds, unless funds for this purpose are otherwise provided, and then
shall be credited on the books of the Comptroller and expended, on approval by the
Board of Public Works, for the following public purposes, including any applicable
architects' and engineers' fees: as a grant to the Board of Directors of The American
Visionary Art Museum, Inc. (referred to hereafter in this Act as "the grantee") for the