1544

LAWS OF MARYLAND

Ch. 576

a resolution of the Board of Public Works and issued,
sold and delivered in accordance with the provisions of
Sections 19 to 23 of Article 31 of the Annotated Code of
Maryland (1971 Replacement Volume and 1975 Supplement, as
amended from time to time).

The bonds issued to evidence this loan or

installments thereof may be sold as a single issue, or

may be consolidated and sold as part of a single issue   of
bonds under Section 2B of Article 31 of the Code.

(2) The actual cash proceeds of the sale of the
bonds shall be paid to the treasurer and shall be first
applied to the payment of the expenses of issuing and
delivering the bonds unless funds for this purpose are
otherwise provided and thereafter shall be credited on
the books of the State Comptroller and expended, upon
approval by the Board of Public Works, for the following
public purposes, including any applicable architects' and
engineers' fees: renovation and improvement of academic
buildings at Western Maryland College.

(3)    The payment of any funds under the provisions
of this Act for the purpose of renovating and improving
academic buildings at Western Maryland College shall be
contingent upon the provision by Western Maryland College
of at least an equal and matching fund for this project
from private and other public sources. The said Western
Maryland College shall have until June 1, 1978 to present
evidence satisfactory to the Board of Public Works that
it has raised at least this equal and matching fund for
the purpose of renovating and improving academic
buildings at Western Maryland College. Upon receiving
from the Board of Public Works a certification of such
suitable evidence on or before June 1, 1978, the
Treasurer of the State is hereby authorized, empowered
and directed to proceed to spend the proceeds of said
loan in accordance with the other provisions of this Act.
If such satisfactory evidence of the raising of at least
an equal and matching fund for this project is not
presented to the Board of Public Works on or before June
1, 1978, no funds under the provisions of this Act shall
thereafter be paid over to or expended for the purpose of
renovating and improving academic buildings at Western
Maryland College. No portion of the proceeds of the loan

or any of the matching funds may__be used for the

furtherance of sectarian religious instruction or in
connection with a design, acquisition or construction as
a place of sectarian religious worship or in connection
with any part of any program or department of divinity
for any religious denomination.

(4)    There is hereby levied and imposed an annual
State tax on all assessable property in the State in rate
and amount sufficient to pay the principal of and
interest on the bonds as and when due and until paid in
full, such principal to be discharged within fifteen
years of the date of issue of the bonds.