1222 LAWS OF MARYLAND. [CH. 502

be issued under this Act shall be paid to the Treasurer of
the State upon the warrant of the Comptroller, and such
proceeds shall be used exclusively for the following
purposes:

1. The Comptroller shall immediately upon the sale and
the payment for said Certificates, first, return to and credit
to the Treasury for a sum equivalent to the amount ex-
pended, as provided in Section 4 of this Act.

2. 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 con-
struction of public school buildings and public school facili-
ties, 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 Coun-
cil of Baltimore upon a matching basis and upon the fol-
lowing terms and conditions:

(a) Whenever any county or the City of Baltimore de-
sires to participate in the financial assistance which is pro-
vided 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 buildings, school facilities and real estate; (4)
the total amount of money from all sources currently avail-
able to and dedicated by each of said counties and the City
of Baltimore for the purpose of financing the construction
of public school buildings and public school facilities and
the purchase of public school lands; (5) such other in-
formation as may be required by regulations passed by the
State Board of Education.

(b) Upon the receipt of the certified statement as speci-
fied 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 such form and contain such
information as the said Board of Public Works shall re-
quire, said finding of fact to include, among other things,
the total amount of money from all sources currently avail-