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Ch. 441
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2000 LAWS OF MARYLAND
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(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 grantee shall provide and expend a
matching fund. No part of the grantee's matching fund may be provided, either
directly or indirectly, from funds of the State, whether appropriated or
unappropriated. The fund may consist of real property. No part of the fund may
consist of in kind contributions? or funds expended prior to the effective date of this
Act. In case of any dispute as to the amount of the matching fund or 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 grantee has until June 1, 2002, to
present evidence satisfactory to the Board of Public Works that a matching fund will
be provided. If satisfactory evidence is presented, the Board shall certify this fact and
the amount of the matching fund to the State Treasurer, and the proceeds of the loan
equal to the amount of the matching fund shall be expended for the purposes provided
in this Act. Any amount of the loan in excess of the amount of the matching fund
certified by the Board of Public Works shall be canceled and be of no further effect.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
June 1, 2000.
Approved May 11, 2000.
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CHAPTER 441
(House Bill 967)
AN ACT concerning
Alcoholic Beverages - License Prohibitions - Exceptions
FOR the purpose of creating a certain exception to the prohibition against issuing
more than one certain alcoholic beverages license licenses to a person certain
persons; creating a certain exception to the prohibition against certain licensees
having a financial interest in certain licensed premises; authorizing certain
manufacturers to have a financial interest in certain licensed premises; and
generally relating to exceptions to alcoholic beverages license prohibitions.
BY repealing and reenacting, without amendments,
Article 2B - Alcoholic Beverages
Section 9-102(a) 12-104(b)(1)
Annotated Code of Maryland
(1998 Replacement Volume and 1999 Supplement)
BY adding to
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