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Ch. 534 2000 LAWS OF MARYLAND
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(6) (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:
(i) On the land or such portion of the land acceptable to the Trust;
(ii) On the exterior and interior, where appropriate, of the historic
structures.
(b) The easement must be in form and substance acceptable to the Trust
and the extent of the interest to be encumbered must be acceptable to the Trust.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
June 1, 2000.
Approved May 18, 2000.
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CHAPTER 534
(Senate Bill 501)
AN ACT concerning
Creation of a State Debt - Prince George's County - Potomac Curling Club of
the National Capital Area, Inc.
FOR the purpose of authorizing the creation of a State Debt not to exceed $500,000
$250,000, the proceeds to be used as a grant to the Board of Directors of the
Potomac Curling Club of the National Capital Area, Inc. 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;
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 Prince
George's County - Potomac Curling Club of the National Capital Area, Inc. Loan of
2000 in a total principal amount equal to the lesser of (i) $500,000 $250,000 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.
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