3784

LAWS OF MARYLAND

Ch. 723

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: to assist
Historic Annapolis, Inc. to preserve and restore historic
buildings purchase and restore the Brice House, 42 East
Street in Annapolis.

(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 Historic Annapolis, Inc. shall provide at
least up to an a part of its equal and matching fund of
$600,000. 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 , or 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 Board of Public Works may not authorize more
than 2 payments and no payment may exceed the matching fund
provided. Historic Annapolis, Inc. has until June 1, 1984
to present evidence satisfactory to the Board of Public
Works that the matching fund will be provided and in what
amount. 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, 1984 the proceeds of the loan shall be applied to
the purposes authorized in Article 78A, § 3 of the Code.

SECTION 2. AND BE IT FURTHER ENACTED, That Historic
Annapolis, Inc. is hereby encouraged to use the proceeds of
this loan to make the Brice House income-generating so that
the property will become self-supporting.

SECTION 2 3. AND BE IT FURTHER ENACTED, That this
Act shall take effect June 1, 1982.

Approved June 1, 1982.