Ch. 261 LAWS OF MARYLAND
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 Chesapeake Foundation for Human
Development, Inc. shall provide at least an equal and matching fund of $150,000. 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. 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 Chesapeake Foundation for Human Development, 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) The Chesapeake Foundation for Human Development. 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 2, 1990.
CHAPTER 261
(Senate Bill 293)
AN ACT concerning
Maryland Constitutional Convention - Sense of the Voters
FOR the purpose of taking, at the general election to be held in 1990, the sense of the
voters of this State in regard to calling a convention for altering the Constitution
or for framing a new one pursuant to Article XIV, Section 2 of the Constitution of
Maryland.
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