WILLIAM DONALD SCHAEFER, Governor                   Ch. 357

(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
Mayor and City Council of Baltimore shall provide at least an
equal and matching fund of $2,215,000. 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, or in kind
contributions. The fund may consist of 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 Mayor and City Council of Baltimore 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 357

(Senate Bill 836)

AN ACT concerning

Creation of a State Debt - Baltimore Zoo

FOR the purpose of authorizing the creation of a State Debt in
the amount of $2,500,000 $1,750,000, the proceeds to be
used as a grant to the Mayor and City Council of Baltimore
for the purpose of constructing, developing, expanding,
improving, and equipping the Baltimore Zoo, located in Druid
Hill Park in Baltimore City, subject to the requirement that
the Baltimore Zoological Society provide at least an equal
and matching fund of a certain kind for the same purpose by

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