WILLIAM DONALD SCHAEFER, Governor                   Ch. 372

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 $1,500,000 $750,000. 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 have until
June 1, 1989, 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, 1989, the proceeds of the loan shall
be applied to the purposes authorized in § 8-129 of the State
Finance and Procurement Article.

(6) The Baltimore Museum of Art shall grant and convey a
perpetual preservation easement on the exterior and interior of
the structures, where appropriate; and on the land to the
Maryland Historical Trust, in form and substance acceptable to
the Trust.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect June 1, 1987.

Approved May 14, 1987.

CHAPTER 372

(Senate Bill 577)

AN ACT concerning

Creation of a State Debt - Baltimore Zoo

FOR the purpose of authorizing the creation of a State Debt in
the amount of $2,500,000 $1,000,000, the proceeds to be used
for a grant to the Mayor and City Council of Baltimore for
the purpose of constructing, developing, expanding and
equipping the Baltimore Zoo, located in Druid Hill Park in
Baltimore City; subject to the conditions that a matching

- 1981 -