Ch. 280

1997 LAWS OF MARYLAND

CHAPTER 280
(House Bill 1161)

AN ACT concerning

Creation of a State Debt - Harford County - Aberdeen Baseball Museum

FOR the purpose of authorizing the creation of a State Debt in the amount of $400,000

$300,000 $400,000, the proceeds to be used as a grant to the Board of Trustees of
the Aberdeen Baseball Museum, Inc. for certain acquisition purposes; providing for
disbursement of the loan proceeds, subject to a requirement that the grantee
provide and expend a certain matching fund be provided and expended; 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 Harford County
- Aberdeen Baseball Museum Loan of 1997 in the total principal amount of $400,000
$300,000 $400,000. 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 Trustees of the Aberdeen Baseball Museum, Inc. for the
acquisition of a building and surrounding parking lot in Aberdeen to be used as the
Aberdeen Baseball Museum.

(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 Town City of Aberdeen shall provide and
expend a matching fund of $400,000 $200,000. No part of the grantee'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 in kind contributions,
or funds expended prior to the effective date of this Act. The fund may consist of real
property. In case of any dispute as to the amount of the matching fund or what money or

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