MARVIN MANDEL, Governor                      1121

ness to be issued under this Act are SHALL BE paid to the Treas-
urer of the State upon the warrant of the Comptroller, and such
proceeds are SHALL BE used exclusively for the following purposes:

1.  The Comptroller SHALL immediately upon the sale and the
OF AND payment for said certificates, first returns to and credits
to the treasury , RETURN TO AND CREDIT THE TREAS-
URY 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 are SUCH LOAN
SHALL BE credited on the books of the State Comptroller to be
expended to finance the construction of public regional community
college buildings and facilities, and to finance the cost of the acqui-
sition of such real estate as may be required in connection there-
with 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 for Community Colleges, with such information as the State
Board for Community Colleges shall require, together with complete
plans for each project for which financial assistance is desired.

(b)  Upon receipt of the petition, the State Board for Community
Colleges 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 for Community Colleges will, at the request of the Board of
Public Works, determine a priority of need for public regional com-
munity colleges as between any one or more counties in the State
and the City of Baltimore. 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 STATE TREASURER
AND THE STATE COMPTROLLER WHO WILL ISSUE HIS
WARRANT ON THE TREASURER OF THE STATE TO MAKE
available to the county or city 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 com-
munity college land acquisition and/or construction project. How-
ever, 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 be-
half of said college shall execute and acknowledge in a manner ac-
cording to law an agreement which shall specify that: (1) the
amount of financial assistance in excess of seventy-five percent
(75%) of the cost of such project, granted as provided herein, to-
gether with interest and carrying charges, shall be repaid to the