Ch. 286

1996 LAWS OF MARYLAND

CHAPTER 286
(House Bill 938)

AN ACT concerning

Baltimore City life Museums Loan of 1993

FOR the purpose of amending Chapter 475 of the Acts of the General Assembly of 1993,
the Baltimore City Life Museums Loan of 1993, to alter the type of preservation
easement granted by the Museums to the Maryland Historical Trust; and making
this Act an emergency measure.

BY repealing and reenacting, with amendments,

Chapter 475 of the Acts of the General Assembly of 1993
Section 1

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, 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.

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