Ch. 119 LAWS OF MARYLAND

amended, to extend the time for the City of Bowie to present evidence satisfactory
to the Board of Public Works of the provision of a certain matching fund.

BY repealing and reenacting, with amendments,

Chapter 75 of the Acts of the General Assembly of 1983, as amended by Chapter
403 of the Acts of the General Assembly of 1985

Section 1

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

Chapter 75 of the Acts of 1983, as amended by Chapter 403 of the Acts of 1985

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 Belair Mansion
Loan of 1983 in the aggregate principal amount of $500,000. This loan shall be
evidenced by the issuance and sale of State general obligation bonds authorized by a
resolution of the Board of Public Works and issued, sold and delivered in accordance
with the provisions of §§ 19 to 23 of Article 31 of the Annotated Code of Maryland
(1976 Replacement Volume and 1982 Supplement, as amended from time to time).

(2) The bonds issued to evidence this loan or installments thereof may be sold as
a single issue, or may be consolidated and sold as part of a single issue of bonds under
§ 2B of Article 31 of the Code.

(3) The actual cash proceeds of the sale of the bonds shall be paid to the
Treasurer and shall be first applied to the payment of the expenses of issuing and
delivering the bonds unless funds for this purpose are otherwise provided and
thereafter shall be credited on the books of the State Comptroller and expended, upon
approval by the Board of Public Works, for the following public purposes, including any
applicable architects' and engineers' fees: as a grant to the City of Bowie for the
purpose of renovation, restoration, rehabilitation, repair, alteration, and improvement
of the Belair Mansion.

(4) There is hereby levied and imposed an annual State tax 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, such principal to be discharged
within fifteen years of 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 City of Bowie shall provide at least an
equal and matching fund of $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. Of this amount $300,000 may consist of real property, in kind
contributions, or funds expended prior to the effective date of this Act. The remaining
$200,000 may not 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

- 572 -