WILLIAM DONALD SCHAEFER, Governor

Ch. 214

Madison Mitchell Decoy Workshop provide and expend a matching fund and present
by a certain date evidence that a matching fund will be provided; 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 Havre de
Grace - Maritime Museum of Havre do Grace Chesapeake Bay Heritage Loan of 1994 in
a total principal amount equal to the lesser of (i) $400,000 $425,000 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 Mayor and City Council of Havre de Grace for the planning, design,
conversion, repair, renovation, rehabilitation, reconstruction, and construction of, and for
the provision of capital equipment for, the Maritime Museum of Havre de Grace and as
a grant to the Mayor and City Council of Havre de Grace not to exceed $25,000 for the
restoration and renovation of the R. Madison Mitchell Decoy Workshop, both projects to
enhance Havre de Grace's commemoration of its Chesapeake Bay heritage.

(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)     (a) Prior to the payment of any funds under the provisions of this Act for
the purposes set forth in Section 1(3) above, for the planning, design, conversion, repair,
renovation, rehabilitation, reconstruction, and construction of, and for the provision of capital
equipment for, the Maritime Museum of Havre de Grace, the Mayor and City Council of
Havre de Grace and the Maritime Museum of Havre de Grace 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 Mayor and City Council
of Havre de Grace and the Maritime Museum of Havre de Grace have until June 1, 1996,

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