Ch. 355                                    LAWS OF MARYLAND

Board that none of the proceeds of this loan or any matching
funds have been or are being used for a purpose prohibited by

this Act.

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, $100,000 OF WHICH SHALL BE ALLOCATED TO RIDGELY
METHODIST EPISCOPAL MEMORIAL. 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 historic sites in

Prince George's County of significance to Blacks. THE GRANT

SHALL INCLUDE AN ALLOCATION FOR THE RESTORATION, IMPROVEMENT,
RENOVATION, RECONSTRUCTION AND EQUIPPING OF THE RIDGELY METHODIST
EPISCOPAL MEMORIAL IN PRINCE GEORGE'S COUNTY.

(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 a matching fund equal to the amount of State funds for

- 1952 -