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Session Laws, 1963
Volume 671, Page 974   View pdf image (33K)
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976                             LAWS OF MARYLAND                      [CH. 546

for said certificates, first return to and credit the Treasury for a
sum equivalent to the amount expended as provided for in Section 4
of this Act; the remainder of the proceeds of said loan shall be
credited on the books of the State Treasury Department, to be ex-
pended as needed by the State, upon approval by the Board of Public
Works, for the purpose of aiding in the construction of a new science
wing to Lewis Hall and a new dining hall on the campus of Western
Maryland College in Westminster.

Sec. 6. And be it further enacted, That the payment of any
funds under the provisions of this Act, for the purpose of aiding in
the construction of a new science wing to Lewis Hall and a new
dining hall on the campus of Western Maryland College in West-
minster, shall be contingent upon the provisions by Western Mary-
land College of at least an equal and matching fund from other
sources, including the Federal government. The said College shall
have until January 1, 1965, to present evidence satisfactory to the
Board of Public Works that it has raised at least this equal and
matching fund for the purpose of aiding in the construction of a
new science wing to Lewis Hall and a new dining hall on the campus
of Western Maryland College in Westminster. Upon receiving from
the Board of Public Works a certification of such suitable evidence
on or before January 1, 1965, the Treasurer of the State is hereby
authorized, empowered and directed to proceed to spend the proceeds
of said loan agreeably to the other provisions of this Act. If such
satisfactory evidence of the raising of at least an equal and matching
fund is not presented to the Board of Public Works on or before
January 1, 1965, no funds under the provisions of this Act shall
thereafter be paid over to or expended for the purpose of aiding
in the construction of a new science wing to Lewis Hall and a new
dining hall on the campus of Western Maryland College in
Westminster.

Sec. 7. And be it further enacted, That until all of the interest
on and principal of any certificates issued under this Act have been
paid in full, there is hereby levied and imposed an annual State tax
on each $100 of assessable property at the rate to be determined in
the following manner: on or before December 1, 1963, and on or
before December 1 in each calendar year thereafter, the Board of
Public Works shall certify to the governing bodies of each of the
Counties and Baltimore City the rate of State tax on each $100 of
assessable property necessary to produce revenues to meet all inter-
est and principal which will be payable to the close of the next ensu-
ing calendar year on all certificates theretofore issued or theretofore
authorized by resolution of the Board of Public Works to be issued,
and the governing bodies of each of the Counties and Baltimore
City shall forthwith levy and collect such tax at such rate.

All matters committed by this Act to the discretion of the Board
of Public Works shall be determined by a majority of said Board.

Sec. 8. And be it further enacted, That this Act shall take effect
June 1, 1963.

Approved April 30, 1963.

 

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Session Laws, 1963
Volume 671, Page 974   View pdf image (33K)
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