Ch. 518 LAWS OF MARYLAND
and engineers' fees: as a grant to Florence Crittenton Services of Baltimore, Inc. for the
expansion, repair, and renovation of the facility in Baltimore City.
(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
clue 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 Florence Crittenton Services of Baltimore,
Inc. shall provide at least an equal and matching fund of $600,000 $400,000. The
recipient No part of an applicant's matching fund may be provided, either directly or
indirectly, from funds of the State, whether appropriated or unappropriated. The No
part of the fund may consist of real property, in-kind contributions, or funds expended
prior to the effective date of this Act. 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. Florence Crittenton Services of Baltimore, Inc. has
until June 1, 1992, to present evidence satisfactory to the Board of Public Works that
the matching fund 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.
(6) (a) Florence Crittenton Services of Baltimore, 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, 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, 1990.
Approved May 29, 1990.
CHAPTER 518
(Senate Bill 866)
AN ACT concerning
Maryland Automobile Insurance Fund - Agents and Brokers - Premium Receipts
FOR the purpose of establishing that certain insurance agents and brokers are
- 2314 -
|