PARRIS N. GLENDENING, Governor                             Ch. 539

Approved May 14, 1996.

CHAPTER 539
(House Bill 1318)

AN ACT concerning

Creation of a State Debt - Montgomery County - National Capital Trolley Museum

FOR the purpose of authorizing the creation of a State Debt not to exceed $3,000,000
$200,000 $50,000, the proceeds to be used as a grant to the Board of Directors of
the National Capital Historical Museum of Transportation, Inc. for certain
acquisition, development, or improvement purposes; providing for disbursement of
the loan proceeds, subject to a requirement that the grantee provide and expend a
matching fund; and providing generally for the issuance and sale of bonds
evidencing the loan.

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 Montgomery
County - National Capital Trolley Museum Loan of 1996 in a total principal amount
equal to the lesser of (i) $3,000,000 $200,000 $50,000 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 Directors of the National Capital Historical Museum of
Transportation, Inc. (referred to hereafter in this Act as "the grantee") for the final
planning and design and for the construction and equipping of a now facility for the
design of a new facility for the National Capital Trolley Museum in Silver Spring, including
correction of the original design of the railway and relocation of part of it, improvement
of access to the upper car house, creation of a now visitors center with additional space
for educational activities, alternative construction for compliance with the access
requirements of the Americans with Disabilities Act, and other improvements, the

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