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Session Laws, 1987
Volume 769, Page 2180   View pdf image
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Ch. 450

LAWS OF MARYLAND

and Planning Commission for the purpose of the planning, design,
reconstruction, rehabilitation, renovation, and restoration of
the historic mansion know as "Marietta" and located in the Glenn
Dale area of Prince George's County.                                           

(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
Maryland-National Capital Park and Planning Commission shall
provide at least an equal and matching fund of $150,000. 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 Maryland-National Capital Park and Planning
Commission has 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.

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

Approved May 14, 1987.

CHAPTER 450

(House Bill 313)

AN ACT concerning

Program Open Space - Use of Funds by Local Governing Body

FOR the purpose of altering the method by which a local governing
body may use certain funds under Program Open Space for the
acquisition or development of land for recreation and open

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Session Laws, 1987
Volume 769, Page 2180   View pdf image
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