2422

LAWS OF MARYLAND

Ch. 441

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 and 1984 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
County Executive and County Council of Prince George's County
Maryland-National Capital Park and Planning Commission for the
purpose of the renovation and restoration of a historic site in
Prince George's County of significance to Blacks.

(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
Maryland-National Capital Park and Planning Commission shall
provide at least an equal and matching fund of $200,000. No part
of an applicant's matching fund may be provided, either directly
or indirectly, from funds of the State, whether appropriated or
unappropriated. 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
Maryland-National Capital Park and Planning Commission 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. Furthermore, the Maryland-National Capital Park and
Planning Commission shall grant and convey a perpetual
preservation easement to the Maryland Historical Trust on the
interior and exterior of the improvements and on the land, where
appropriate, in form and substance acceptable to the Trust.