WILLIAM DONALD SCHAEFER, Governor

Ch. 174

(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 Glen Echo Park Foundation shall provide at
least an equal and matching fund of $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. Glen Echo Park
Foundation has until June 1, [1993] 1995, 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, [1993] 1995, the proceeds of the loan shall be applied to the
purposes authorized in § 8-129 of the State Finance and Procurement Article.

(6) (A) PRIOR TO THE ISSUANCE OF THE BONDS, THE GLEN ECHO PARK
FOUNDATION SHALL GRANT AND CONVEY TO THE MARYLAND HISTORICAL TRUST A
PERPETUAL PRESERVATION EASEMENT TO THE EXTENT OF ITS INTEREST:

(I) ON THE LAND OR SUCH PORTION OF THE LAND ACCEPTABLE TO
THE TRUST; AND

(II) ON THE EXTERIOR AND INTERIOR, WHERE APPROPRIATE, OF THE
HISTORIC STRUCTURES.

(B) THE EASEMENT MUST BE IN FORM AND SUBSTANCE ACCEPTABLE TO
THE TRUST AND THE EXTENT OF THE INTEREST TO BE ENCUMBERED MUST BE
ACCEPTABLE TO THE TRUST.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
June 1, 1993.

Approved April 26, 1993.

Montgomery County - Alcoholic Beverages -
Employment of Persons Under Age 21

MC 316-93

CHAPTER 174
(House Bill 701)

AN ACT concerning

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