WILLIAM DONALD SCHAEFER, Governor
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 Jewish Community Center of Greater Washington,
Inc. for the renovation of the facility on Montrose Road in Montgomery County.
(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 issue 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 Jewish Community Center of Greater
Washington, Inc. shall provide at least an equal and matching fund of $350,000. The
recipient No part of an applicant'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, in-kind contributions, or funds expended prior to the
effective date of the Act. In case of any dispute as to 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 Jewish Community Center of Greater Washington, Inc.
has until June 1, 1990 1992 to present evidence satisfactory to the Board of Public
Works that the matching fund will be provided. If satisfactory evidence is presented, the
Board shall certify this fact to the State Treasurer and the proceeds of the loan shall be
expended for the purposes provided in this Act. If this evidence is not presented by
June 1, 1990 1992, the proceeds of the loan shall be applied to the purposes authorized
in § 8-129 of the State Finance and Procurement Article.
(6) No portion of the proceeds of the loan or any of the matching funds may be
used for the furtherance of sectarian religious instruction, or in connection with the
design, acquisition, or construction of any building used or to be used as a place of
sectarian religious worship or instruction, or in connection with any program or
department of divinity for any religious denomination. Upon the request of the Board
of Public Works, the Jewish Community Center of Greater Washington, Inc. shall
submit evidence satisfactory to the Board that none of the proceeds of this loan or any
matching funds have been or are has been or is being used for a purpose prohibited by
this Act.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take
effect June 1, 1990.
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