2762

LAWS OF MARYLAND

Ch. 948

any applicable architects' and engineers' fees: for the
conversion, renovation, reconstruction, improving, and
equipping of the Jenkins Science Building on the campus of
Loyola College, Baltimore, for the purpose of converting
that building to use as an Academic and Student Support
Services Building.

(4)    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 the
design, acquisition, or construction of any building used or
to be used as a place of sectarian religious worship or used
or to be used as a place for sectarian religious
instruction, or in connection with any part of any program
or department of divinity for any religious denomination.

Upon the request of the Board of Public Works, Loyola

College shall submit evidence satisfactory to the Board that

none of the proceeds of this loan or any of the matching

funds have been or are being used for a purpose prohibited
by this Act.

(5)    Prior to the payment of any funds under the
provisions of this Act for the purposes set forth in Section
1(3) above, Loyola College shall provide at least an equal
and matching fund of $461,300 for this project. Loyola
College shall have until June 1, 1980 to present evidence
satisfactory to the Board of Public Works that this fund
will be provided. Upon receiving from the Board of Public
Works on or before June 1, 1980, a certification of suitable
evidence, the proceeds of the loan shall be expended in
accordance with the provisions of this Act. If 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, 1980, the proceeds of the
lean shall be transferred to the Annuity Bond Fund and
applied to the debt service requirements of the State.

(6)    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 949
(House Bill 1684)
AN ACT concerning