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Session Laws, 1986
Volume 768, Page 1971   View pdf image
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HARRY HUGHES, Governor                                    1971

on approval by the Board of Public Works, for the following
public purposes, including any applicable architects' and
engineers1 fees: as a grant to the Mayor and City Council of
Baltimore for the purpose of developing, constructing, and
equipping the Children's Zoo in Druid Hill Park in Baltimore,

Maryland.

(4)  An annual State tax is imposed 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. The principal shall be discharged within 15 years
after 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

Mayor and City Council of Baltimore shall provide at least an

equal and matching fund of $1,300,000 $550,000. 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 Mayor and City Council of Baltimore has until June

1, 1988, 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, 1988, the proceeds of the loan shall be

applied to the purposes authorized in § 8-129 of the State

Finance and Procurement Article.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall

take effect June 1, 1986.
Approved May 13, 1986.

CHAPTER 548

(House Bill 1215)
AN ACT concerning

Creation of a State Debt - Druid Hill Park Loan of 1986

FOR the purpose of authorizing the creation of a State Debt in

the amount of $600,000 $500,000 $250,000, the proceeds to be
used as a grant to the Mayor and City Council of Baltimore
for the purpose of constructing, renovating, altering,

 

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Session Laws, 1986
Volume 768, Page 1971   View pdf image
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