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Session Laws, 1974
Volume 713, Page 1450   View pdf image
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1450                                        LAWS OF MARYLAND                       [Ch. 354

amount expended under Section 4 of this Act.

(2) The remainder of the proceeds of such
loan shall be credited on the books of the State
Comptroller, to be made part of "The Hearing and Speech
Agency Loan of 1974," to be expended as needed by the
State, upon approval by the Board of Public Works[[; and
as further provided in this Act]], for the purpose of
aiding in the acquisition and remodeling of a facility
for The Hearing and Speech Agency of Metropolitan
Baltimore, Inc.

SECTION 6. AND BE IT FURTHER ENACTED, That all
funds which may be appropriated at any time or from time
to time by the General Assembly in any Annual State
Budget Bill for the payment of principal and interest on
bonds issued pursuant to this Act shall be deposited in
the Annuity Bond Fund by the State Comptroller to be
applied to the payment of principal and interest on bonds
issued pursuant to this Act.

[[SECTION 7. AND BE IT FURTHER ENACTED, That the
payment of any funds under the provisions of this Act for
the purpose of aiding in the acquisition and remodelling
of a facility for The Hearing and Speech Agency of
Metropolitan Baltimore, Inc., shall be contingent upon
the provision by The Hearing and Speech Agency of
Metropolitan Baltimore, Inc. of a sum up to Six Hundred
Thousand Dollars ($600,000) as an equal and matching fund
for this project from private and other public sources.
The said Hearing and Speech Agency of Metropolitan
Baltimore, Inc., shall have until June 1, 1976, to
present evidence satisfactory to the Board of Public
Works of the sum that is raised has an equal and matching
fund for the purpose of aiding in the acquisition and
remodeling of a facility for The Hearing and Speech
Agency of Metropolitan Baltimore, Inc. 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 Hearing and Speech Agency of Metropolitan
Baltimore, Inc., agreeable to the other provisions of
this Act. If such satisfactory evidence of the raising
of a sum up to Six Hundred Thousand Dollars ($600,000) 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
aiding in the acquisition and remodeling of a facility
for The Hearing and Speech Agency of Metropolitan

 

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Session Laws, 1974
Volume 713, Page 1450   View pdf image
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