WILLIAM DONALD SCHAEFER, Governor

Ch. 544

CHAPTER 544
(House Bill 680)

AN ACT concerning

Canal Place Preservation and Development Authority

FOR the purpose of establishing a Canal Place Preservation and Development Authority
to create and develop a historic Chesapeake and Ohio Canal preservation district in
the City of Cumberland, Maryland; making certain legislative findings; providing for
the status, composition, and procedures of the Authority and the terms of its
members; authorizing the Authority to appoint an Executive Director; specifying
the duties of the Executive Director; specifying the powers and duties of the
Authority, including the duty to develop a certain management plan for a certain
preservation district in accordance with certain criteria and procedures; providing
for a certain approval of the management plan by the Maryland Historical Trust in
accordance with certain procedures; prohibiting the Authority from making certain
expenditures until certain conditions occur and authorizing the Authority to make
certain other expenditures before those conditions occur; requiring the City of
Cumberland to submit a certain plan to the Authority before the City takes certain
action within a certain area of the preservation district; requiring the Authority to
appoint a certain Task Force; establishing a. Canal Place Preservation and
Development Authority Financing Fund; authorizing the Authority to issue certain
bonds under certain conditions and to take certain actions related to the issuance of
the bonds; exempting the Authority from certain laws; requiring certain actions by
certain units of the State government and prohibiting certain other actions by these
units; authorizing the Board of Public Works to refuse to take certain action
concerning the financial commitments of the Authority under certain
circumstances; requiring the Authority to comply with the State minority business
purchasing law; making any appointee or employee of the Authority subject to the
State Public Ethics Law; authorizing certain employees of the Authority to
participate in the State Pensions System; providing for the construction of this Act;
making provisions of this Act severable; defining certain terms; providing for the
effective date of this Act; and generally relating to the establishment of a Canal Place
Preservation and Development Authority.

BY adding to

Article - Financial Institutions

Section 13-1001 through 13-1032 13-1031 to be under the new subtitle "Subtitle

10. Canal Place Preservation and Development Authority"
Annotated Code of Maryland
(1992 Replacement Volume and 1992 Supplement)

BY repealing and reenacting, with amendments,
Article - State Finance and Procurement
Section 14-301(e)
Annotated Code of Maryland

- 2719 -