S.B. 575 VETOES
FUND SHALL CONTINUE UNTIL THE FIRST TO OCCUR OF THE DISBURSEMENT OF
THE TOTAL AMOUNT OF THE GRANT OR JUNE 1, 1997.
(G) The Board of Directors of the Franciscan Center, Inc. has until June 1,
[1996] 1997, to present evidence satisfactory to the Board of Public World 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 THE FINAL EVIDENCE SATISFACTORY TO
THE BOARD OF PUBLIC WORKS THAT THE TOTAL MATCHING FUND WILL BE
PROVIDED. IF SATISFACTORY EVIDENCE IS PRESENTED. THE BOARD SHALL
CERTIFY THIS FACT, THE AMOUNT OF THE FINAL INSTALLMENT OF THE MATCHING
FUND. AND THE AMOUNT OF THE TOTAL MATCHING FUND TO THE STATE
TREASURER, AND THE FINAL PROCEEDS OF THE LOAN EQUAL TO THE FINAL
INSTALLMENT 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) No portion of the proceeds of the loan or any of the matching funds may be
used for the furtherance of sectarian religious instruction, or in connection with the
design, acquisition, or construction of any building used or to be used as a place of
sectarian religious worship or instruction, or in connection with any program or
department of divinity for any religious denomination. Upon the request of the Board of
Public Works, the Board of Directors of the Franciscan Center, Inc. shall submit evidence
satisfactory to the Board that none of the proceeds of the loan or any matching funds has
been or is being used for a purpose prohibited by this Act.
(7) (a) Prior to the issuance of the bonds, the Board of Directors of the
Franciscan Center, 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.
May 23, 1996
The Honorable Thomas V. Mike Miller, Jr.
President of the Senate
State House
Annapolis MD 21401
Dear Mr. President:
- 4104 -
|