SPIRO T. AGNEW, Governor                     1441

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 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 of and the
payment 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.

2.    The remainder of the proceeds of said loan shall be credited
on the books of the State Comptroller to be expended for the con-
struction, improvement and development of such airports and air-
port facilities located inside or outside the State of Maryland, includ-
ing the acquisition of such property as may be required in connection
therewith, (1) which qualify for federal assistance under the Fed-
eral Airport Act of 1946, as amended; (2) for which federal par-
ticipation shall not exceed fifty per centum (50%) of the cost
thereof and the participation of the State of Maryland under this
act shall not exceed twenty-five per centum (25%) of the cost thereof;
and (3) which are publicly owned, operated, and controlled by any
of the counties or municipalities of the State of Maryland or by the
City of Baltimore. The participation of the State of Maryland under
this act shall be granted only for projects or any part or item
thereof which qualify for federal assistance under the Federal Air-
port Act of 1946, as amended. Such proceeds shall be expended
upon the following terms and conditions:

(a)    Whenever any one or more counties, municipalities or the
City of Baltimore desires to participate in the financial assistance
which is provided for under the terms and conditions of this act,
the governing body of each of the counties, or municipalities, or
the Mayor and City Council of Baltimore, thereof shall file a petition
with the State Aviation Commission with such information as the
State Aviation Commission shall require together with preliminary
plans for each project for which financial assistance is requested.

(b)    Upon receipt of the petition the State Aviation Commis-
sion, 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, municipalities or by the City of Baltimore
should be allowed and which should be denied. In making the find-
ing of fact the State Aviation Commission shall, at the request of
the Board of Public Works, determine a priority of need for airports
or airport facilities as between any one or more counties or munici-
palities and the City of Baltimore. No grant of financial assistance
shall be made until such grant has been finally ratified and ap-
proved by the Board of Public Works which shall certify the allocation
of State funds to the Treasurer of the State who shall make them
available to the County or municipality or the City of Baltimore
when needed for projects in such form as the Board deems advisable
and proper and it shall be final and conclusive upon all parties
concerned.