MARVIN MANDEL, Governor                             2487

and shall notify other appropriate units of State and

local governments. The Department of State Planning

shall furnish advisory recommendations to the Board of
Public Works.

[[(b)]] (c) Upon receipt of the certified statement
as specified in paragraph (a) of this subsection, the
Board of Public Works shall make a written finding of
fact advising which of the requests for financial
assistance made by any of the municipal corporations, as
aforesaid, should be allowed and which of such requests
for financial assistance should be denied. No grant of
financial assistance as provided for in this Act shall be
allowed until such grant has been finally ratified and
approved by the Board of Public Works. The decision of
the Board of Public Works in this regard shall be in such
form as the [[said board]] Board shall, deem advisable and
proper and shall be final and conclusive upon all parties
concerned.

[[(c)]] (4) Each municipal corporation whose request
for financial assistance has been allowed, as provided in
paragraph [[(b)]] (c) of this subsection, shall execute
and acknowledge in a manner according to law an agreement
which shall specify that the amount of financial
assistance allowed, as provided herein, together with
interest and carrying charges as determined by the Board
of Public Works shall be repaid by the municipal
corporation within fourteen (14) years from the date of
the issuance of the certificates subject to such other
terms and conditions as may be required by the Board of
Public Works[[.]] , including conditions that in the
event of any default in repayment by a municipality, the

State Comptroller is authorized to make repayment from

any State funds to which the defaulting municipality

would otherwise be entitled.

[[(d)]] (e) The agreement described in paragraph
[[(c)]] (d) of this subsection shall be signed on behalf
of the State of Maryland by the Board of Public Works.

[[(e)]] (f) The governing body of each of the
municipal corporations is hereby authorized and empowered
to enter into any and all contracts or agreements
required under the terms of this Act, or which may be
required by regulations duly promulgated by the Board of
Public Works pursuant to the provisions of this Act, any
other previsions of public general law or of public local
law to the contrary notwithstanding.

[[(f)]] (g) For the purposes of this Act, municipal
corporations shall mean those subject to Article XI—E of
the Constitution.