WILLIAM DONALD SCHAEFER, Governor Ch. 341

(4) An annual State tax is imposed on all assessable property in the State in rate
and amount sufficient to pay the principal of and interest on the bonds, as and when
due and until paid in full. The principal shall be discharged within 15 years after the
date of issue of the bonds.

(5) Prior to the payment of any funds under the provisions of this Act for the
purposes set forth in Section 1(3) above, the Worcester Memorial Hospital Corporation
shall provide at least an equal and matching fund of $991,000 $500,000 and the Board of
County Commissioners of Worcester County shall provide at least an equal and
matching fund of $991,000 $500,000. No part of an applicant's matching fund may be
provided, either directly or indirectly, from funds of the State, whether appropriated or
unappropriated. No part of the fund may consist of real property, in kind contributions,
or funds expended prior to the effective date of this Act. The matching fund of the
Worcester Memorial Hospital Corporation may consist of funds received from a municipal
corporation. In case of any dispute as to what money or assets may qualify as matching
funds, the Board of Public Works shall determine the matter, and the Board's decision
is final. The Worcester Memorial Hospital Corporation and the Board of County
Commissioners of Worcester County have until June 1, 1992 to present evidence
satisfactory to the Board of Public Works that the matching funds will be provided. If
satisfactory evidence is presented, the Board shall certify this fact to the State
Treasurer and the proceeds of the loan shall be expended for the purposes provided in
this Act. If this evidence is not presented by June 1, 1992, the proceeds of the loan shall
be applied to the purposes authorized in § 8-129 of the State Finance and Procurement
Article.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take
effect June 1, 1990.

Approved May 2, 1990.

CHAPTER 341
(House Bill 580)

AN ACT concerning

Creation of a State Debt - Ward Foundation Complex

FOR the purpose of authorizing the creation of a State Debt in the amount of
$2,000,000 $1,000,000 $500,000 the proceeds to be used as a grant to the Ward
Foundation for the planning, design, construction, and equipping of the Ward
Foundation Headquarters and the North American Wild Fowl Art Museum to be
located on a site in Salisbury, Maryland, subject to the requirement that the Ward
Foundation provide at least an equal and matching fund of a certain kind for the
same purpose by a certain date; and providing generally for the issue and sale of
bonds evidencing the loan.

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