WM. PRESTON LANE, JR., GOVERNOR. 7

from the tax so collected, an amount equal to such payment
and use the same for the purposes of this Act.

4. The remainder of the proceeds of said loan shall be
credited on the books of the State Treasury Department to
be expended to supplement the financing of the construction
of public school buildings and public school facilities, and to
supplement the cost of the acquisition of such real estate as
may be required in connection therewith by each of the
Counties in this State and by the Mayor and City Council
of Baltimore. Such financial assistance shall be granted for
the purposes stated hereinabove to each of the Counties of
this State and to the Mayor and City Council of Baltimore
upon the following terms and conditions:

(a) Whenever any County or the City of Baltimore desires
to participate in the financial assistance which is provided
for under the terms and conditions of this Act, said County
or City, as the case may be, shall certify a statement to the
State Board of Education showing: (1) the number, class,
type and character of all public school buildings or public
school facilities required by the said County or the said City
for which funds are currently unavailable; (2) the amount,
type and character of real estate necessary in conjunction
therewith; (3) the total estimated cost of said school build-
ings, school facilities and real estate; (4) the total issued
and outstanding bonded indebtedness of said County or City;
(5) the total assessable taxable basis of said County or City
as determined on the last preceding date of finality; and (6)
such other information as may be required by regulations
passed by the State Board of Education.

(b) Upon receipt of the certified statement as specified in
sub-paragraph (a) of this sub-section, the State Board of
Education shall make a written finding of fact which shall
be addressed to the Board of Public Works, said finding of
fact to be in the form of a recommendation to the Board of
Public Works advising said Board which of the requests for
financial assistance made by any of the Counties or made by
the City of Baltimore, as aforesaid, should be allowed and
which of such requests for financial assistance should be
denied. In making the aforesaid finding of fact, the State
Board of Education shall, at the request of the Board of
Public Works, determine a priority of need for school
buildings as between any County in the State or as between
any County in the State and the City of Baltimore. No
grant of financial assistance as provided for in this Act shall
be allowed until such grant has been finally ratified and ap-
proved by the Board of Public Works. The decision of the
Board of Public Works in this regard shall be in such form
as the said Board shall deem advisable and proper and shall
be final and conclusive upon all parties concerned.