CHAPTER 230
(House Bill 369)

AN ACT concerning

Creation of a State Debt - Baltimore County - Westchester Community

Center

FOR the purpose of authorizing the creation of a State Debt in the amount of
$120,000, the proceeds to be used as a grant to the Board of Directors of the
Westchester Center Foundation, Inc. for certain acquisition, development, or

improvement purposes; providing for disbursement of the loan proceeds;

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
County - Westchester Community Center Loan of 1999 in the total principal amount
of $120,000. 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 Directors of the Westchester
Center Foundation, Inc. for the repair, renovation, and capital equipping of the
Westchester Community Center, including the installation of air conditioning.

(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) (a) Prior to the issuance of the bonds, the grantee shall grant and convey
to the Maryland Historical Trust a perpetual preservation easement to the extent of
its interest: