70 LAWS OF MARYLAND [CH. 25
SEC. 4. And be it further enacted, That the sum of Twenty-five
Thousand Dollars ($25, 000), or so much thereof as may be neces-
sary, shall be paid by the Treasurer of the State upon the warrant
of the Comptroller out of the proceeds of the sale of said bonds or
Certificates of Indebtedness for the payment of the expense of
engraving, printing and other outlays connected with the issue of
the loan hereby authorized, and for the payment of the advertising
directed by this Act, and all other incidental expenses connected with
the execution of its provisions in connection with said loan.
SEC. 5. And be it further enacted, That the actual cash proceeds
of the sale of the Certificates of Indebtedness to 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 payment
for said Certificates, first, return to and credit to the Treasury for
a sum equivalent to the amount expended, 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 construction of public school build-
ings 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
in this State and to the Mayor and City Council of Baltimore upon
the f olio wing 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 buildings,
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 recom-
mendation 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
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