|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2442
|
|
Ch. 542
|
|
|
|
|
LAWS OF MARYLAND
|
|
|
|
|
|
|
|
|
|
|
|
|
|
the Annotated Code of Maryland (1971 Replacement Volume
and 1976 Supplement) be and it is hereby repealed and
reenacted, with amendments, to read as follows:
Article 41 - Governor - Executive and
Administrative Departments
181-I-1.
(a) A Capital Revolving Fund for Historic
Preservation is created, into which the Comptroller of
the Treasury shall place to the account of the Maryland
Historical Trust, funds authorized by statute or budget
allocation or otherwise and intended to implement and
encourage restoration and preservation of historic
properties and the purposes set forth in the other
provisions of this subtitle. NO LOAN SHALL BE MADE UNDER
THIS ACT UNLESS THE PROPERTY HAS BEEN DESIGNATED AS
HISTORICAL BY THE NATIONAL TRUST FOR HISTORIC
PRESERVATION OR THE MARYLAND HISTORICAL TRUST. The funds
may be expended by the Maryland Historical Trust, with
the approval of the Board of Public Works, for the
following purposes:
(1) Purchase, or other acquisition or
restoration, for resale, subject to appropriate
covenants, of properties intended for preservation.
(2) Loans to nonprofit preservation
foundations, [and] organizations, AND INDIVIDUALS for the
purpose of acquiring ana restoring properties worthy of
perpetuation. LOANS TO INDIVIDUALS UNDER THIS ACT WILL
BE CONSIDERED ONLY AFTER THEY HAVE APPLIED FOR A LOAN
FROM A PRIVATE LENDING INSTITUTION AND HAVE BEEN TURNED
DOWN. THE BOARD OF PUBLIC WORKS HAS DETERMINED THAT
PRIVATE FINANCING CANNOT BE OTHERWISE OBTAINED. THE
LOANS TO INDIVIDUALS SHALL BEAR INTEREST AT AN ANNUAL
RATE EQUAL TO 2 PERCENT PLUS THE RATE RECEIVED ON THE
LAST STATE AND FACILITIES LOAN COMPLETED PRIOR TO THE
FISCAL YEAR IN WHICH THE LOAN IS TO BE MADE.
|
|
|
|
|
|
|
|
|
|
SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1977.
Approved May 17, 1977.
|
|
|
|
|
|
|
|
|
|
CHAPTER 543
(House Bill 1314)
AN ACT concerning
Bicycles — Operation on Roadway
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
