Ch. 404

LAWS OF MARYLAND

(3) The loan is to be used primarily for working
capital to perform a contract for a project [that a federal;
State, or local government finances] FINANCED BY THE FEDERAL OR
STATE GOVERNMENT, A LOCAL GOVERNMENT, OR A UTILITY REGULATED BY
THE PUBLIC SERVICE COMMISSION.

(b) A loan that the Authority makes shall mature not later
than the term of the government contract, unless the Authority
finds that a longer term better carries out the purposes of this
subtitle.

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

Approved May 14, 1987.

CHAPTER 404

(Senate Bill 869)

AN ACT concerning

Creation of a State Debt - Baltimore Museum of Industry

FOR the purpose of authorizing the creation of a State Debt in
the amount of $1,000,000 $500,000 $200,000, the proceeds to
be used as a grant to the Baltimore Museum of Industry for
the planning, design, construction, reconstruction,
expansion, improvement, rehabilitation, renovation, and
equipping of the Baltimore Museum of Industry, subject to
the requirement that the Baltimore Museum of Industry
provide at least an equal and matching fund of a certain
kind by a certain date; requiring that certain easements be
granted to the Maryland Historical Trust; 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 Baltimore Museum of Industry Loan of 1987
in the total principal amount of $1,000,000 $500,000 $200,000.
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

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