clear space clear space clear space white space
A
 r c h i v e s   o f   M a r y l a n d   O n l i n e
  Maryland State Archives | Index | Help | Search search for:
clear space
white space
Session Laws, 1986
Volume 768, Page 1503   View pdf image
 Jump to  
  << PREVIOUS  NEXT >>
clear space clear space clear space white space

HARRY HUGHES, Governor                                    1503

i

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 Prince George's County-Black Historic

Site Restoration Loan of 1985 in the aggregate principal amount
of $200,000. 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 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
Maryland-National Capital Park and Planning Commission for the
purpose of the renovation and restoration of [a historic site]
HISTORIC SITES 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 purpose set forth in Section 1(3) above, FOR

EACH HISTORIC SITE TO BE RENOVATED AND RESTORED, the

Maryland-National Capital Park and Planning Commission shall
provide [at least an equal and] A matching fund [of $200,000]

EQUAL TO THE AMOUNT OF STATE FUNDS FOR THE SITE PROJECT . EACH
SUCH HISTORIC SITE SHALL BE CONSIDERED A SEPARATE PROJECT
ELIGIBLE TO RECEIVE STATE FUNDS UNDER THE PROVISIONS OF THIS ACT,
SUBJECT TO THE MARYLAND-NATIONAL CAPITAL PARK AND PLANNING
COMMISSION PROVIDING AN EQUAL AND MATCHING FUND. THE AGGREGATE
AMOUNT OF STATE FUNDS FOR THE TOTAL OF HISTORIC SITE PROJECTS

SHALL NOT EXCEED $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

 

clear space
clear space
white space

Please view image to verify text. To report an error, please contact us.
Session Laws, 1986
Volume 768, Page 1503   View pdf image
 Jump to  
  << PREVIOUS  NEXT >>


This web site is presented for reference purposes under the doctrine of fair use. When this material is used, in whole or in part, proper citation and credit must be attributed to the Maryland State Archives. PLEASE NOTE: The site may contain material from other sources which may be under copyright. Rights assessment, and full originating source citation, is the responsibility of the user.


Tell Us What You Think About the Maryland State Archives Website!



An Archives of Maryland electronic publication.
For information contact mdlegal@mdarchives.state.md.us.

©Copyright  August 17, 2024
Maryland State Archives