1020                            LAWS OF MARYLAND                      [CH. 709

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
from the sale of certificates of indebtedness to be issued under this
act are paid to the Treasurer of the State upon the warrant of the
Comptroller, and such proceeds are used exclusively for the follow-
ing purposes:

1.    The Comptroller immediately upon the sale and the payment
for said certificates, first, returns to and credits 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
finance the construction of public regional community college build-
ings and facilities, and to finance 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 upon the following terms and conditions:

(a)   Whenever any two or more counties or one or more counties
and Baltimore City desire to participate in the financial assistance
which is provided for under the terms and conditions of this act,
the county commissioners, county council, or the Mayor and City
Council of Baltimore thereof shall file a petition with the State Board
of Education, with such information as the State Board of Educa-
tion shall require, together with complete plans for each project for
which financial assistance is desired.

(b)   Upon receipt of the petition, the State Board of Education
shall make a written finding of fact addressed to the Board of
Public Works, in the form of a recommendation to that Board
advising it which of the requests for financial assistance made by
any of the counties or by the City of Baltimore should be allowed
and which should be denied. In making the finding of fact, the State
Board of Education will, at the request of the Board of Public Works,
determine a priority of need for public regional community colleges
as between any one or more public regional community colleges of
the State. No grant of financial assistance is allowed until such
grant has been finally ratified and approved by the Board of Public
Works, which certifies the allocation of State funds to the Treasurer
of the State, who makes them available to the public regional com-
munity college when needed for construction of the project. The
decision of the Board of Public Works in this regard is made in such
form as the Board deems advisable and proper and it is final and
conclusive upon all parties concerned.

(c)   The amount of financial assistance granted under the terms
and conditions of this act to any public regional community college
may be in the full amount of the cost of any public regional commu-
nity college land acquisition and/or construction project. However,
before any public regional community college shall receive any grant
in an amount in excess of seventy-five percent (75%) of the cost of
such project, the counties or city making the request on behalf of
said college shall execute and acknowledge in a manner according
to law an agreement which shall specify that: (1) the amount of