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Session Laws, 1994
Volume 773, Page 2848   View pdf image
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Ch. 631

1994 LAWS OF MARYLAND

(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 Trustees of the Walters Art Gallery for the repair, renovation,
restoration, equipping, and improvement of the Walters Art Gallery in Baltimore City:

(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 Trustees of the Walters Art
Gallery 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 Trustees of the Walters Art Gallery 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.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
June 1, 1994.

Approved May 26, 1994.

CHAPTER 631
(House Bill 1036)

AN ACT concerning

State Personnel - Compensation - Holiday Work by Law Enforcement Employees

FOR the purpose of authorizing certain law enforcement officers of the Department of
Natural Resources to be compensated for work on New Year's Day, Thanksgiving
Day, or Christmas Day at the same rate as similar employees of the Maryland State

- 2848 -

 

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Session Laws, 1994
Volume 773, Page 2848   View pdf image
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