PARRIS N. GLENDENING, Governor Ch. 307
fund. No part of the grantee'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 grantee has until June 1,
1997, 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, 1995.
Approved May 9, 1995.
CHAPTER 307
(House Bill 952)
AN ACT concerning
Creation of a State Debt - Baltimore City - Eubie Blake National Museum and Cultural
Center
FOR the purpose of authorizing the creation of a State Debt not to exceed $250,000
$200,000, the proceeds to be used as a grant to the Board of Directors of the Eubie
Blake National Museum and Cultural Center, Inc. for certain acquisition,
development or improvement purposes; providing for disbursement of the loan
proceeds, subject to a requirement that the Mayor and City Council of Baltimore
provide and expend a matching fund; 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 Baltimore City
- Eubie Blake National Museum and Cultural Center Loan of 1995 in a total principal
amount equal to the lesser of (i) $250,000 $200,000 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.
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