HARRY HUGHES, Governor

2343

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 Belair Mansion Loan of 1983 in the
aggregate principal amount of $500,000. 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 (1976
Replacement Volume and 1982 Supplement, 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
City of Bowie for the purpose of renovation, restoration,
rehabilitation, repair, alteration, and improvement of the Belair
Mansion.

(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
City of Bowie shall provide at least an equal and matching fund
of $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. Of this amount $300,000
may consist of real property, in kind contributions, or funds
expended prior to the effective date of this Act. The remaining
$200,000 may not 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 City of Bowie has
until June 1, [1985] 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