2338                                               LAWS OF MARYLAND                        [Ch. 417

transferee thereof or, in the case of an institution
which has ceased to be a public or nonprofit facility,
from the owner thereof, an amount bearing the same ratio
to the then value (as determined by agreement of the
[[parties]] State and such transferor or transferee or by
action brought in a court of competent jurisdiction) of
so much of the institution as constituted an approved
project, as the amount of the State participation bore to
the cost of the construction under that project. This
right of recovery may not constitute a lien upon the
property of the institution prior to this determination.
All funds recovered pursuant to this right of recovery
shall be deposited in the Annuity Bond Fund. The
Secretary of Health and Mental Hygiene may waive the
State's right of recovery if he determines that there is
good cause for releasing the applicant or other owner
from this obligation.

(e)    The application in the first instance
shall be directed to the Secretary of Health and Mental
Hygiene. Upon the approval of the project and project
plans by the Secretary of Health and Mental Hygiene, he
shall promptly report the application to the Board of
Public Works, together with his report that the project
has been approved by him and that the Board of Public
Works should make available the necessary funds as
provided hereunder.

(f)    The Board of Public Works shall make
allocations from moneys available under this Act in
accordance with the provisions, stipulations and
limitations hereof. The Board of Public Works shall
certify the allocation of State funds to the Treasurer of
the State, and the Treasurer shall make them available to
the facility when needed for the construction and
equipping of the project. The Board of Public Works is
authorized, in its discretion, to adopt and promulgate
rules and regulations for receiving such applications
from public and other nonprofit facilities in this State
and for the consideration of applications and disbursing
of the funds to the applying public and other nonprofit
facilities, within the spirit and intent of this Act.

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.