WILLIAM DONALD SCHAEFER, Governor Ch. 8

FOR the purpose of amending Chapter 343 of the Acts of 1988 and Chapter 186 of the
Acts of 1989, the Center Stage Associates, Inc. Loans of 1988 and 1989, to alter
the type of easements that the Center Stage Associates, Inc. is required to grant to
the Maryland Historical Trust; and making this Act an emergency measure.

BY repealing and reenacting, without amendments,

Chapter 343 of the Acts of the General Assembly of 1988
Section 1(1), (3), and (5)

BY repealing and reenacting, with amendments,

Chapter 343 of the Acts of the General Assembly of 1988
Section 1(6)

BY repealing and reenacting, without amendments,

Chapter 186 of the Acts of the General Assembly of 1989
Section 1(1), (3), and (5)

BY repealing and reenacting, with amendments,

Chapter 186 of the Acts of the General Assembly of 1989
Section 1(6)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Chapter 343 of the Acts of 1988

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 Center Stage
Associates, Inc. Loan of 1988 in the total principal amount of $1, 000, 000. 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.

(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 Center Stage Associates, Inc. for the purpose of
the planning, design, construction, reconstruction, renovation, restoration,
rehabilitation, improvement, furnishing, and equipping of Center Stage in Baltimore
City, including the costs of conversion and relocation.

(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 Center Stage Associates, Inc. shall provide

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