5218

VETOES

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 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 two 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. 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, and all other historic
properties receiving State funds, income-generating so that
the properties property will become self-supporting.

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

June 1, 1982
The Honorable James Clark, Jr.
President of the Senate
State House
Annapolis, Maryland 21404

Dear Mr. President:

In accordance with Article II, Section 17 of the
Maryland Constitution, I have today vetoed Senate Bill 1093,

This bill authorizes the creation of a State Debt to be
used to assist Historic Annapolis, Inc. to purchase and
restore the Brice House in Annapolis.