WILLIAM DONALD SCHAEFER, Governor Ch. 438

(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,
private sources, foundations and local government shall provide
at least an equal and matching fund of $1,000,000 $350,000
$300,000 and Talbot County shall provide an additional equal and
matching fund of $350,000 $300,000. 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. Private
sources, foundations and local government 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.

(6) The Academy of Arts, Inc. shall grant and convey a
perpetual preservation easement on the exterior and interior of
the structures, where appropriate, and on land to the Maryland
Historical Trust in form and substance acceptable to the Trust.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect June 1, 1988.

Approved May 17, 1988.

CHAPTER 438

(House Bill 605)

AN ACT concerning

Handguns and Certain Firearms - Parole Eligibility

FOR the purpose of prohibiting a person convicted of a first
offense of using a handgun or certain firearm in the

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