PARRIS N. GLENDENING, Governor                             Ch. 152

contributions, or funds expended prior to the effective date of this Act. In case of any
dispute as to 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. Baltimore City Life
Museums has until June 1, 1991, to present evidence satisfactory to the Board of Public
Works that the matching fund will be provided. If satisfactory evidence is presented, the
Board shall certify this fact to the State Treasurer and the proceeds of the loan shall be
expended for the purposes provided in this Act. If this evidence is not presented by June
1, 1991, the proceeds of the loan shall be applied to the purposes authorized in § 8-129 of
the State Finance and Procurement Article.

(6) The Baltimore City Life Museums shall grant and convey a [perpetual]
preservation easement on the exterior and interior of the improvements, where
appropriate, and on the land to the Maryland Historical Trust, in form and substance
acceptable to the Trust.

SECTION 2. AND BE IT FURTHER ENACTED, That the Laws of Maryland
read as follows:

Chapter 475 of the Acts of 1993

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
Life Museums Loan of 1993 in a total principal amount equal to the lesser of (i) $500,000
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 Board of Trustees of the Baltimore City Life Museums, Inc. for the
planning, design, site preparation, construction and equipping of an exhibition center, an
admissions kiosk, and pathways, and for the landscaping of the surrounding property on
Museum Row in the Jonestown area of 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.

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