WILLIAM DONALD SCHAEFER, Governor Ch. 166

on approval by the Board of Public Works, for the following
public purposes, including any applicable architects' and
engineers' fees: as a grant to the Society for the Preservation
of Maryland Antiquities to assist in the renovation,
rehabilitation, reconstruction, repair, improvement, restoration,
and equipping of the old grist mill at Wye Mills, Maryland,
commonly known as Wye Mill.

(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
Society for the Preservation of Maryland Antiquities shall
provide at least an equal and matching fund of $75,000. 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 Society for the Preservation of Maryland
Antiquities has 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.

(5) (6) The Society for the Preservation of Maryland
Antiquities shall grant and convey a perpetual preservation
easement on the exterior and interior of the structures, 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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