Ch. 207
1994 LAWS OF MARYLAND
(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
issuance 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 Board of Directors of the National Museum
of Civil War Medicine, Inc. shall provide and expend a matching fund. 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 the amount of the matching fund or 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 Board of Directors of the National Museum of Civil War
Medicine, Inc. has until June 1, 1996, to present evidence satisfactory to the Board of
Public Works that a matching fund will be provided. If satisfactory evidence is presented,
the Board shall certify this fact and the amount of the matching fund to the State
Treasurer, and the proceeds of the loan equal to the amount of the matching fund shall
be expended for the purposes provided in this Act. Any amount of the loan in excess of
the amount of the matching fund certified by the Board of Public Works shall be canceled
and be of no further effect.
(6) (a) Prior to the issuance of the bonds, the Board of Directors of the
National Museum of Civil War Medicine, Inc. 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, 1994.
Approved May 2, 1994.
CHAPTER 207
(Senate Bill 775)
AN ACT concerning
Creation of a State Debt - Brunswick Community Center
FOR the purpose of authorizing the creation of a State Debt not to exceed $165,000
$100,000, the proceeds to be used as a grant to the Mayor and City Council of
- 1612 -
|