WILLIAM DONALD SCHAEFER, Governor H.B. 1145
Foundation, Inc. for the expansion and renovation of the Strathmore Hall Arts Center,
subject to the requirement that the grantee provide a matching fund.
Senate Bill 552, which was passed by the General Assembly and signed by me on May 2,
1994, accomplishes the same purpose. Therefore, it is not necessary for me to sign House
Bill 1145.
Sincerely,
William Donald Schaefer
Governor
House Bill No. 1145
AN ACT concerning
Creation of a State Debt - Strathmore Hall Arts Center
FOR the purpose of authorizing the creation of a State Debt not to exceed $1,000,000
$500,000 $1,000,000, the proceeds to be used as a grant to the Board of Trustees of
the Strathmore Hall Foundation, Inc. for the expansion and renovation expansion,
renovation, and equipping of the Strathmore Hall Arts Center located at 10701
Rockville Pike in Montgomery County, Maryland subject to the requirement that
the Board of Trustees of the Strathmore Hall Foundation, 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 Trustees of the Strathmore Hall Foundation, 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 Strathmore Hall
Arts Center Loan of 1994 in a total principal amount equal to the lesser of (i) $1,000,000
$500,000 $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:
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