CHAPTER 193
(Senate Bill 693)

AN ACT concerning

Creation of a State Debt - Baltimore City - The Eubie Blake National Jazz

Institute and Cultural Center

FOR the purpose of authorizing the creation of a State Debt not to exceed $1,200,000
$500,000, the proceeds to be used as a grant to the Board of Directors of The
Eubie Blake National Jazz Institute and Cultural Center for certain
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 grant and convey a certain easement to
the Maryland Historical Trust; 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 Baltimore
City - The Eubie Blake National Jazz Institute and Cultural Center Loan of 1999 in
a total principal amount equal to the lesser of (i) $1,200,000 $500,000 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 Eubie Blake
National Jazz Institute and Cultural Center (referred to hereafter in this Act as "the
grantee") for the repair, renovation, reconstruction, construction, and capital
equipping of a building on North Howard Street in Baltimore City to be named in
honor of Eubie Blake and to be used as a modern performing arts center that would be
a home for the work of minority artists and would provide area residents with classes
and activities in the arts.