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Session Laws, 1985
Volume 760, Page 1876   View pdf image
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1876

LAWS OF MARYLAND

Ch. 184

applicable architects' and engineers' fees: as a grant to the
Board of County Commissioners of Calvert County for the purpose
of the rehabilitation, renovation, construction, reconstruction,
improvement, and development of the Calvert Marine Museum located
in Calvert County.

(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
Board of County Commissioners of Calvert County shall provide at
least an equal and matching fund of $1,000,000 $750,000 $500,000.
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 Board of County Commissioners of Calvert County
has until June 1, 1987, 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, 1987, 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 this Act shall
take effect June 1, 1985.

Approved May 21, 1985.

CHAPTER 185

(Senate Bill 370)

AN ACT concerning

Creation of a State Debt - Homeowner's Emergency Mortgage
Assistance Loan of 1985

FOR the purpose of authorizing the creation of a State debt in
the amount of $1,000,000, the proceeds to be used by the
Department of Economic and Community Development to make

 

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Session Laws, 1985
Volume 760, Page 1876   View pdf image
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