2440                                             LAWS OF MARYLAND                                         Ch. 414

WHEREAS, The Alice Ferguson Foundation Inc., which operates
the Hard Bargain Farm Environmental Center has been forced to
reduce the number of groups whom it may serve, has been prevented
from implementing needed development and has been unable to make
the Center available to many students who desire more in-depth
study, due to a limited budget and budget cutbacks; now,
therefore,

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 Alice Ferguson Foundation, Inc. Loan of
1984 in the aggregate principal amount of $100,000. 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 (1983 Replacement Volume, 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
Alice Ferguson Foundation, Inc., for the purpose of the
expansion, furnishing, equipping, reconstruction and capital
improvement of the Hard Bargain Farm Environmental Center in
Accokeek, Maryland.

(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
Alice Ferguson Foundation, Inc. shall provide at least an equal
and matching fund of $100,000. No part of an applicant's
matching fund may be provided, either directly or indirectly,
from funds of the State, whether appropriated or unappropriated.