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2007 Vetoed Bills and Messages
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S.B. 1001
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unappropriated. No part of the fund may consist of real property, 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, 2003, 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.
(7) THE PROCEEDS OF THE LOAN MUST BE ENCUMBERED BY THE
BOARD OF PUBLIC WORKS OR EXPENDED FOR THE PURPOSES PROVIDED IN
THIS ACT NO LATER THAN JUNE 1, 2009.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
June 1, 2007.
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May 17, 2007
The Honorable Thomas V. Mike Miller, Jr.
President of the Senate
State House
Annapolis, MD 21401
Dear Mr. President:
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- 4528 -
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