WILLIAM DONALD SCHAEFER, Governor

Ch. 421

CHAPTER 421

(Senate Bill 1003)

AN ACT concerning

Creation of a State Debt - Thomas Stone National Historic Site -

Habre de Venture

FOR the purpose of authorizing the creation of a State Debt in
the amount of $150,000 $125,000, the proceeds to be used as
a grant to the National Park Service for the restoration and
renovation of the home of Thomas Stone, known as Habre de
Venture, located on the Thomas Stone Historic Site in
Charles County, Maryland, subject to the requirement that
the National Park Service provide at least an equal and
matching fund of a certain kind by a certain date; requiring
the National Park Service to obtain certain approval by a
certain date; providing that certain easements be given 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 Thomas Stone National Historic Site -
Habre de Venture Loan of 1987 in the total principal amount of
$150,000 $125,000. 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 National Park Service for the

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