1442                                             LAWS OF MARYLAND                          [Ch. 351

this project front private and other public sources. The
said Lyric Foundation, Inc., shall have until June 1,
1976, to present evidence satisfactory to the Board of
Public Works of the sum that it has raised as an equal
and matching fund for the purpose of assisting in
construction, renovation, restoration, improvement and
equipping the existing Lyric Theater located in the City
of Baltimore, Maryland, including the acquisition of land
and the payment of architects' and engineers' fees. Upon
receiving from the Board of Public Works a certification
of such suitable evidence on or before June 1, 1976, the
Treasurer of the State is hereby authorized, empowered
and directed to proceed to spend the proceeds of said
loan, or any portion thereof equal and matching the sum
raised by the Lyric Foundation, Inc., [[agreeably to]] in
accordance with the other provisions of this Act. It such
satisfactory evidence of the raising of a sum up to Two
Million Five Hundred Thousand Dollars ($2,500,000) as an
equal and matching fund for this project is not presented
to the Board of Public Works on or before June 1, 1976,
no funds under the provisions of this Act shall
thereafter be paid over to or expended for the purpose of
assisting in construction, renovation, restoration,
improvement and equipping the existing Lyric Theater
located in the City of Baltimore, Maryland, including the
acquisition of land and the payment of architects1 and
engineers' fees.

SECTION 8. AND BE IT FURTHER ENACTED, That until
all of the interest on and principal of any bonds issued
under this Act shall 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 Hay 1, 1975 and on
or before May 1 in each taxable 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 revenue to meet interest and
principal which will be payable to the close of the next
ensuing taxable year on all bonds theretofore issued or
authorized by resolution of the Board of Public Works to
be issued, and the governing bodies of each of the
counties and of Baltimore City shall forthwith levy and
collect such tax at such rate.

Provided, however, that the levy or levies required
by this section shall not be made and the tax or taxes
shall not be collected in any year to the extent that, on
or before May 1, 1975, and on or before May 1 in each
taxable year thereafter the Board of Public Works
determines upon a certified statement rendered to the
Board by the State Comptroller that payment of principal