WILLIAM DONALD SCHAEFER, Governor Ch. 422

OF HISTORIC PRESERVATION PLANNING DOCUMENTS AND EDUCATIONAL
MATERIALS;

(4)  TO FUND THE PURCHASE OR ACQUISITION BY THE TRUST
OF HISTORIC PROPERTIES OR PARTIAL INTERESTS IN HISTORIC
PROPERTIES FOR USE IN ACCORDANCE WITH THE TRUST'S AUTHORIZED
PURPOSES OR FOR RESALE OR LEASE SUBJECT TO APPROPRIATE
PRESERVATION COVENANTS;

(5)  TO FUND THE COSTS OF RESTORATION OR
REHABILITATION OF HISTORIC PROPERTIES OWNED BY THE TRUST FOR USE
IN ACCORDANCE WITH THE TRUST'S AUTHORIZED PURPOSES OR FOR RESALE
OR LEASE SUBJECT TO APPROPRIATE PRESERVATION COVENANTS, WHICH MAY
INCLUDE COSTS DIRECTLY RELATED TO RESTORATION OR REHABILITATION
SUCH AS THE COSTS OF STUDIES, SURVEYS, PLANS AND SPECIFICATIONS,
AND ARCHITECTURAL, ENGINEERING, OR OTHER SPECIAL SERVICES; AND

(6)  TO FUND HISTORIC PRESERVATION EDUCATION AND
PROMOTION BY THE TRUST, INCLUDING THE RESEARCH, SURVEY, AND
EVALUATION OF HISTORIC PROPERTIES AND THE PREPARATION OF HISTORIC
PRESERVATION PLANNING DOCUMENTS AND EDUCATIONAL MATERIALS.

(E)  (1) THE TRUSTEES SHALL REVIEW AND MAKE RECOMMENDATIONS
TO THE SECRETARY WHO SHALL APPROVE EACH GRANT OR EXPENDITURE OF
MONEYS FROM THE MHT GRANT FUND.

(2)  EXCEPT FOR THE EMERGENCY RESERVE ALLOCATION
REFERRED TO IN PARAGRAPH (3) OF THIS SUBSECTION, THE TRUSTEES'
RECOMMENDATIONS TO THE SECRETARY ON THE GRANTING OF MONEYS FROM
THE MHT GRANT FUND TO NONPROFIT ORGANIZATIONS, LOCAL
JURISDICTIONS, BUSINESS ENTITIES, AND INDIVIDUALS SHALL BE BASED
UPON A COMPETITIVE SELECTION PROCESS.

(3)  IN ANY FISCAL YEAR, THE SECRETARY MAY ALLOCATE UP
TO 20 PERCENT OF THE TOTAL MONEYS AVAILABLE IN THE MHT GRANT FUND
TO BE HELD IN RESERVE FOR UNANTICIPATED EMERGENCY USE IN
ACCORDANCE WITH SUBSECTION (D) OF THIS SECTION.

(4)  GRANTS TO BUSINESS ENTITIES MAY NOT EXCEED MORE
THAN 10 PERCENT OF ALL GRANTS MADE BY THE TRUST UNDER THIS
SECTION.

(F)  THE TRUST SHALL:

(1)  ENSURE THAT FUNDING UNDER THE MHT GRANT PROGRAM
FOR THE ACQUISITION, RESTORATION, OR REHABILITATION OF HISTORIC
PROPERTIES IS UTILIZED ONLY IF THE PROPERTY HAS BEEN LISTED IN OR
IS ELIGIBLE FOR THE MARYLAND REGISTER OF HISTORIC PROPERTIES; AND

(2)  REQUIRE RECIPIENTS OF GRANTS MADE UNDER THE MHT
GRANT PROGRAM TO ENTER INTO AN AGREEMENT TO PRESERVE AND MAINTAIN
THE HISTORIC PROPERTY, WHICH AGREEMENT SHALL BE A RECORDABLE
HISTORIC PRESERVATION EASEMENT IF THE PROPERTY IS HISTORIC REAL

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