WILLIAM DONALD SCHAEFER, Governor Ch. 343

government, and private sources have until June 1, 1990, 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, 1990, 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, 1988.

Approved May 17, 1988.

CHAPTER 343

(Senate Bill 738)

AN ACT concerning

Creation of a State Debt - Center Stage Associates, Inc.

FOR the purpose of authorizing the creation of a State Debt in
the amount of $1,935,000 $900,000 $1,000,000, the proceeds
to be used as a grant to the Center Stage Associates, Inc.,
for the purpose of the planning, design, construction,
reconstruction, renovation, restoration, rehabilitation,
improvement, furnishing, and equipping of Center Stage in
Baltimore City, and including the costs of conversion and
relocation, subject to the requirement that the Center Stage
Associates, Inc. provide at least an equal and matching fund
of a certain kind for the same purpose 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 Center Stage Associates, Inc. Loan of
1988 in the total principal amount of $1,935,000 $900,000
$1,000,000. 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

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