PARRIS N. GLENDENING, Governor

Ch. 205

(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 Children's Guild, Inc. shall provide at least
an equal and matching fund of $500,000. 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 the 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. The Children's Guild, Inc. has
until June 1, 1992 to present evidence satisfactory to the Board of Public Works that the
matching fund will be provided. If satisfactory evidence is presented, the Board shall
certify this fact to the State Treasurer and the proceeds of the loan shall be expended for
the purposes provided in this Act. If this evidence is not presented by June 1, 1992, the
proceeds of the loan shall be applied to the purposes authorized in § 8-129 of the State
Finance and Procurement Article.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
June 1, 1997.

Approved April 29, 1997.

CHAPTER 205
(Senate Bill 834)

AN ACT concerning

Creation of a State Debt - Anne Arundel County - Charles Carroll House of Annapolis,

Inc.

FOR the purpose of authorizing the creation of a State Debt not to exceed $200,000, the
proceeds to be used as a grant to the Charles Carroll House of Annapolis, 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; requiring the grantee to convey a historic
easement to the Maryland Historical Trust; prohibiting the grantee from using the
proceeds of the bonds or any of the matching funds for sectarian religious purposes;
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 Anne Arundel
County - Charles Carroll House of Annapolis, Inc. Loan of 1997 in a total principal
amount equal to the lesser of (i) $200,000 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

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