2486

LAWS OF MARYLAND

Ch. 713

ceased to be a public or nonprofit facility, from the owner,
an amount bearing the same ratio to the then value (as
determined by agreement of the State and such transferor,
transferee, or owner, 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. When this amount has been determined This
right of recovery shall be recorded in the land records of
the political subdivision in which the facility is located
prior to the release of any grant funds for the project.
Such recording of the State's right of recovery does not
constitute a lien against the property. When a facility is
determined to be in default, 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.

(f) 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 funds
available as provided in this Act.

(g) The Board of Public Works shall make
allocations from moneys available under this Act in
accordance with the provisions, stipulations, and
limitations of this Act. The Board of Public Works shall
certify the allocation of State funds to the Treasurer of
the State, and the Treasurer shall make funds 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 applications for public and other
nonprofit facilities in this State and for considering
applications and disbursing 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.