Ch. 12                                     1996 LAWS OF MARYLAND

Chapter 725 of the Acts of 1986, as amended by Chapter 497 of the Acts of 1989 and

Chapter 122 of the Acts of 1995

SECTION 2. AND BE IT FURTHER ENACTED, That the provisions of this Act
creating the Maryland Small Business [Extension Service] DEVELOPMENT Center
Program, and any regulations adopted under this Act, shall be void and of no effect after
July 1, 2000.

DRAFTER'S NOTE:

Error: Obsolete terminology in title and uncodified provision of bill being
cured.

Occurred: Chapter 122 (House Bill 1377) of the Acts of 1995.

Chapter 220 of the Acts of 1994, as amended by Chapter 322 of the Acts of 1995

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 Eubie Blake
National Museum and Cultural Center Loan of 1994 in a total principal amount equal to
the lesser of (i) $250,000 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 Eubie Blake National Museum and Cultural Center, Inc. for the razing
of an existing building and the planning, design, construction, and equipping of a new
building at Franklin and Howard Streets in Baltimore City, to be used as the Eubie Blake
National Museum and Cultural Center.

(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 Eubie Blake National Museum and Cultural
Center, 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,

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