Ch. 254

LAWS OF MARYLAND

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
Maryland Art Place, Inc. shall provide at least an equal and
matching fund of $400,000 $250,000 $200,000. 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. The Maryland Art Place, Inc. 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.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect June 1, 1989.

Approved May 5, 1989.

CHAPTER 254

(House Bill 1042)

An ACT concerning

Caroline County - Treasurer

FOR the purpose of repeating a provision concerning the
compensation, duties, and expenses of the Caroline County

treasurer; providing that the compensation and

responsibilities of the Caroline County treasurer are as set
in the Public Local Laws altering the annual salary of the
Caroline County treasurer; providing that this Act does not
apply to the salary or compensation of the incumbent
Caroline County treasurer; and generally relating to the
Caroline County treasurer.

BY repealing and reenacting, without amendments,

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