WILLIAM DONALD SCHAEFER, Governor Ch. 146

the Susquehanna and Tidewater Canal and locks of the Canal, and
for a feasibility study for the restoration of a scenic railroad
line along the Canal leading from Havre de Grace to Susquehanna
State Park, which includes the State of Maryland, Harford County,
Arundel Corporation, and the Conawingo Power Company.

(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 Havre de Grace shall provide at least
an equal and matching fund of $300,000. No part of an 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 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 Mayor and City Council of Havre de Grace have
until June 1, 1991, 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, 1991, the proceeds of the loan shall
be applied to the purposes authorized in § 8-129 of the State
Finance and Procurement Article.

(6)  The Mayor and City Council of Havre de Grace shall
grant and convey a perpetual preservation easement on the
exterior and interior of the improvements, where appropriate, and
on the 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, 1989.

Approved May 5, 1989.

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