WILLIAM DONALD SCHAEFER, Governor                         Ch. 206

Approved May 2, 1994.

CHAPTER 206
(Senate Bill 774)

AN ACT concerning

Creation of a State Debt - City of Frederick - National Museum of Civil War Medicine

FOR the purpose of authorizing the creation of a State Debt not to exceed $1,000,000,
the proceeds to be used as a grant to the Board of Directors of the National
Museum of Civil War Medicine, Inc. for the repair, renovation, rehabilitation, and
reconstruction of a building in the City of Frederick for use as the National Museum
of Civil War Medicine, and for the provision of capital equipment and exhibit space
for the Museum, subject to the requirement that the Board of Directors of the
National Museum of Civil War Medicine, Inc. provide and expend a matching fund
and present by a certain date evidence that a matching fund will be. provided;
requiring the Board of Directors of the National Museum of Civil War Medicine,
Inc. to grant and convey a certain easement to the Maryland Historical Trust; and
providing generally for the issuance and sale of bonds evidencing the loan.

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That:

(1)     The Board of Public Works may borrow money and incur indebtedness on
behalf of the State of Maryland through a State loan to be known as the City of Frederick
- National Museum of Civil War Medicine Loan of 1994 in a total principal amount equal
to the lesser of (i) $1,000,000 or (ii) the amount of the matching fund provided in
accordance with Section 1(5) below. This loan shall be evidenced by the issuance, sale,
and delivery of State general obligation bonds authorized by a resolution of the Board of
Public Works and issued, sold, and delivered in accordance with §§ 8-117 through 8-124
of the State Finance and Procurement Article and Article 31, § 22 of the Code.

(2)     The bonds to evidence this loan or installments of this loan may be sold as a
single issue or may be consolidated and sold as part of a single issue of bonds under §
8-122 of the State Finance and Procurement Article.

(3)     The cash proceeds of the sale of the bonds shall be paid to the Treasurer and
first shall be applied to the payment of the expenses of issuing, selling, and delivering the
bonds, unless funds for this purpose are otherwise provided, and then shall be credited on
the books of the Comptroller and expended, 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 Board of Directors of the National Museum of Civil War Medicine, Inc.
for the repair, renovation, rehabilitation, and reconstruction of a building in the City of
Frederick for use as the National Museum of Civil War Medicine, and for the provision of
capital equipment and exhibit space for the Museum.                                                    ,

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