1972                                        LAWS OF MARYLAND                                    Ch. 548

improving, and expanding the roads, buildings and
facilities, and landscaping and reforesting, in Druid Hill
Park, including the area known as Cloverdale Park, in
Baltimore, Maryland, subject to the requirement that the
Mayor and City Council of Baltimore provide at least an
equal and matching fund of a certain kind for the same
purpose by a certain date; and providing generally for the
issue and sale of bonds evidencing the loan.

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 Druid Hill Park Loan of 1986 in the total

principal amount of $600,000 $500,000 $250,000. This loan shall
be evidenced by the issuance, sale, and delivery of State general

obligation bonds authorized by a resolution of the Board of

Public Works and issued, sold, and delivered in accordance with

§§ 8-117 through 8-124 of the State Finance and Procurement

Article and Article 31, § 22 of the Code.

(2)  The bonds to evidence this loan or installments of this
loan may be sold as a single issue, or may be consolidated and
sold as part of a single issue of bonds under § 8-122 of the
State Finance and Procurement Article.

(3)  The cash proceeds of the sale of the bonds shall be
paid to the Treasurer and first shall be applied to the payment
of the expenses of issuing, selling, and delivering the bonds,
unless funds for this purpose are otherwise provided, and then
shall be credited on the books of the Comptroller and expended,
on approval by the Board of Public Works, for the following
public purposes, including any applicable architects' and
engineers' fees: as a grant to the Mayor and City Council of
Baltimore for the purpose of constructing, renovating, altering,
improving, and expanding the roads, buildings and facilities, and
landscaping and reforesting, in Druid Hill Park, including the
area known as Cloverdale 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 $600,000 $500,000 $250,000. 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