H.B. 1169

VETOES
House Bill 1169

AN ACT concerning

Calvert County Historical Society - "Linden" Project Loan of 1998

FOR the purpose of amending Chapter 163 of the Acts of the General Assembly of
1998, the Calvert County Historical Society - "Linden" Project Loan of 1998, to
permit the Calvert County Historical Society, Inc. to use in kind contributions or
prior expended funds in the matching fund; and to expand the purpose of the
grant to include the construction of associated parking.

BY repealing and reenacting, with amendments,

Chapter 163 of the Acts of the General Assembly of 1998
Section 1

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Chapter 163 of the Acts of 1998

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 Calvert
County Historical Society - "Linden" Project Loan of 1998 in a total principal amount
equal to the lesser of (i) $300,000 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 Calvert
County Historical Society, Inc. (referred to hereafter in this Act as "the grantee") for
the rehabilitation, restoration, renovation, expansion, and capital equipping of the
historic building known as "Linden", located in Prince Frederick, the building to be
used as a research and education center, a historical repository, and for offices for the
Calvert County Historical Society AND ASSOCIATED PARKING FACILITIES.