PARRIS N. GLENDENING, Governor
Ch. 155
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,
1998, 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.
(6) (a) Prior to the issuance of the bonds, the grantee shall grant and convey to
the Maryland Historical Trust a perpetual preservation easement to the extent of its
interest:
(i) On the land or such portion of the land acceptable to the Trust;
and
(ii) On the exterior and interior, where appropriate, of the historic
structures.
(b) The easement must be in form and substance acceptable to the Trust
and the extent of the interest to be encumbered must be acceptable to the Trust.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
June 1, 1996.
Approved April 30, 1996.
CHAPTER 155
(Senate Bill 636)
AN ACT concerning
Property Tax - Computer Software
FOR the purpose of providing an exemption from valuation and property tax for certain
computer software and related documentation; defining certain terms; allowing the
governing body of a county or municipal corporation to grant a certain property tax credit
on property tax imposed on computer software; providing for the application of this
Act; and generally relating to a property tax exemption for certain computer
software and related documentation.
BY adding to
Article - Tax - Property
Section 7-238 and 9-227
Annotated Code of Maryland
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