PARRIS N. GLENDENING, Governor

Ch. 286

(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.

(5)     Prior to the payment of any funds under the provisions of this Act for the
purposes set forth in Section 1(3)above, the Board of Directors of the Baltimore City Life
Museums, Inc. shall provide and expend a matching fund. No part of an applicant'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 in kind
contributions. The fund may consist of funds expended prior to the effective date of this
Act or real property. 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 Board of Directors of the
Baltimore City Life Museums, Inc. has until June 1, 1995, 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 bond, the Board of Directors of the
Baltimore City Life Museums, Inc. 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 is an emergency measure, is necessary for the immediate preservation of the
public health and safety, has been passed by a yea and nay vote supported by three-fifths
of all of the members elected to each of the two Houses of the General Assembly, and
shall take effect from the date it is enacted.

Approved April 30, 1996.

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