1992                                                LAWS OF MARYLAND [ Ch. 588

Comptroller out of the proceeds of the sale of said bonds
for the payment of the expense of engraving, printing and
other outlays connected with the issue of the loan hereby
authorized, and for the payment of the advertising
directed by this Act, and all other incidental expenses
connected with the execution of its provisions in
connection with said loan.

SECTION 5. AND BE IT FURTHER ENACTED, That the
actual cash proceeds of the sale of the bonds 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, to wit:

(a)    The Comptroller, immediately upon the sale of
and payment for said bonds, first, shall return to and
credit the Treasury for a sum equivalent to the amount
expended under Section 4 of this Act.

(b)    The remainder of the proceeds of such loan
shall be credited on the books of the State Comptroller,
to be [[used]] expended as needed by the State, upon
approval by the Board of Public Works, exclusively to
provide grants to assist the Maryland Environmental
Service in research, investigation, studies, planning,
design and construction necessary for the implementation
and [[establishement}] establishment of a Statewide
Resource and Energy Recovery Program to include, but not
be limited to, construction or resource and energy
recovery projects, facilities, and systems for the
collection, transportation, reduction, separation,
reclamation, recycling, processing and reprocessing of
solid wastes and for the distribution of resources,
sources of energy, or products recovered therefrom for
the benefit of the citizens of the State, subject to the
following conditions and limitations:

(1)    The full amount of the State grant for
any one project facility or system shall not exceed
twenty percent (20%) of the cost of such project,
facility or system.

(2)    The cost of the project, facility or
system eligible for a grant under this Act shall include,
but not be limited to, the cost of reports, surveys,
plans, specifications, legal, engineering and other
professional fees, identifiable administrative costs,
printing and reproduction costs, audit, equipment costs,
financing costs, insurance, construction, land,
easements, and rights—of—way. In addition, costs shall
include one year's debt service reserve fund requirement
for any bonds issued by the Maryland Environmental
Service for the project, facility or system. For