WILLIAM DONALD SCHAEFER, Governor                   Ch. 684

(3) PROMOTE INTEREST IN AND THE STUDY OF HISTORIC
PROPERTIES.

5-303.

THE PROGRAM IS DECLARED TO BE OF GENERAL BENEFIT TO THE
CITIZENS OF THIS STATE AND CHARITABLE IN NATURE.

5-304.

THE POWERS AND DUTIES OF THE PROGRAM ARE VESTED IN AND
EXERCISED BY THE BOARD.

5-305.

THE BOARD SHALL ADOPT REGULATIONS TO CARRY OUT THE
PROVISIONS OF THIS SUBTITLE.

5-306.

(A)  THERE IS A PRINCE GEORGE'S COUNTY HISTORIC PROPERTY
GRANT FUND.

(B)  THE BOARD ADMINISTERS THE FUND.

(C)  THE BOARD SHALL DEPOSIT IN THE FUND THOSE FUNDS
AUTHORIZED IN ACCORDANCE WITH § 2-118 OF THIS ARTICLE, TO
IMPLEMENT AND ENCOURAGE RESTORATION AND PRESERVATION OF HISTORIC
PROPERTIES AND TO IMPLEMENT THE PROGRAM'S PURPOSES AS SET FORTH
IN THIS SUBTITLE.

(D)  EXCEPT AS PROVIDED IN SUBSECTIONS (E), (F), AND (G) OF
THIS SECTION, THE BOARD SHALL EXPEND THE AMOUNTS IN THE FUND TO
PROVIDE GRANTS TO NONPROFIT ORGANIZATIONS OR FOUNDATIONS,
POLITICAL SUBDIVISIONS, OR INDIVIDUALS FOR THE PURPOSE OF
ACQUIRING, PRESERVING, RESTORING, OR REHABILITATING HISTORIC
PROPERTIES. IN MAKING GRANTS THE BOARD SHALL SOLICIT AND CONSIDER
THE RECOMMENDATIONS OF THE PRINCE GEORGE'S COUNTY HISTORIC
PRESERVATION COMMISSION.

(E)  THE GRANT RECIPIENT SHALL CONVEY A PERPETUAL
PRESERVATION EASEMENT TO THE BOARD AT THE TIME THE GRANT IS
AWARDED.

(F) THE TOTAL GRANT FUNDS AWARDED TO A RECIPIENT IN ANY 1
YEAR MAY NOT EXCEED 10 PERCENT OF THE TOTAL FUNDS AUTHORIZED FOR
THE FUND IN ACCORDANCE WITH § 2-118 OF THIS ARTICLE.

(G) (F) DECISIONS BY THE BOARD CONCERNING GRANTS SHALL BE
MADE WITHOUT REGARD TO THE FINANCIAL STATUS OR ANNUAL INCOME OF
THE APPLICANT. HOWEVER, THE BOARD MAY REQUIRE MATCHING FUNDS IN
WHATEVER PROPORTION THE BOARD DEEMS APPROPRIATE.

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