BLAIR LEE III, Acting Governor 2639
the Secretary of Health and Mental Hygiene shall cause to be
recorded among the land records of the political subdivision
in which the facility is located a notice of the amount
which the State is entitled to recover; and, such amount
shall constitute a lien upon the real property of the
institution from the date of the determination. All funds
recovered pursuant to this right of recovery shall be
deposited in the Annuity Bond Fund and shall be applied to
the debt service requirements of the State. 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 transferor, transferee, or 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 for 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.
(5) 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.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect June 1, 1978.
Approved May 29, 1978.
CHAPTER 905
(House Bill 870)
|