PARRIS N. GLENDENING, Governor                             Ch. 334

(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 Glen Echo Park Foundation 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 real property, in kind 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. Glen Echo Park Foundation has
until June 1, 1997, 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 Glen Echo Park Foundation 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 334
(House Bill 1319)

AN ACT concerning

Washington County - Alcoholic Beverages
(Renewal of licenses)

FOR the purpose of establishing, in Washington County, a certain penalty for failing to
file an application for renewal of an alcoholic beverages license by a certain date;

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