Ch. 123

1996 LAWS OF MARYLAND

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 County Government of County Executive and County Council of Harford
County for conversion and renovation of Bel Air Church for use by the Sexual
Assault/Spousal Abuse Resource Center, Inc. as a shelter for victims of sexual assault or
spousal abuse.

(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.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
June 1, 1996.

Approved April 30, 1996.

CHAPTER 123

(Senate Bill 288)

AN ACT concerning

Creation of a State Debt - Baltimore City - Fort McHenry - Education and Visitors

Center

FOR the purpose of authorizing the creation of a State Debt not to exceed $1,000,000
$500,000, the proceeds to be used as a grant to the Board of Directors of the
Patriots of Fort McHenry, Inc. for certain acquisition, development, or
improvement purposes; providing for disbursement of the loan proceeds, subject to
the requirement that the grantee provide and expend a matching fund; requiring the
grantee to grant and convey a certain casement 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 Fort McHenry -
Education and Visitors Center Loan of 1996 in a total principal amount equal to the

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