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Ch. 589
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2000 LAWS OF MARYLAND
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(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. No part of the fund may consist of real property. 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.
(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;
and
(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 589
(House Bill 353)
AN ACT concerning
Tobacco Authority - Sunset Extension and Program Evaluation
FOR the purpose of continuing the Tobacco Authority in accordance with the
provisions of the Maryland Program Evaluation Act (Sunset Law) by extending
to a certain date the termination provisions relating to the statutory and
regulatory authority of the Tobacco Authority; requiring that an evaluation of
the Tobacco Authority and the statutes and regulations of the Tobacco Authority
be performed on or before a certain date; requiring the Tobacco Authority to
issue a certain report to the General Assembly containing certain information by
a certain date annually; and generally relating to the Tobacco Authority.
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- 3074 -
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