HARRY HUGHES, Governor

2595

SECTION 5. AND BE IT FURTHER ENACTED, That the actual
cash proceeds from the sale of certificates of indebtedness
to be issued under this act shall be paid to the Treasurer
of the State upon the warrant of the Comptroller, and such
proceeds shall be used exclusively for the following
purposes:

1.  The Comptroller shall immediately upon the sale of
and the payment for said certificates, first, return to and
credit the treasury for a sum equivalent to the amount
expended, as provided for in Section 4 of this act.

2.  The remainder of the proceeds of said loan shall be
credited on the books of the State Comptroller to be
expended for the construction, improvement and development
of such airports and airport facilities located inside or
outside the State of Maryland, including the acquisition of
such property as may be required in connection therewith,
(1) which qualify for federal assistance under the [Federal
Airport Act of 1946] AIRPORT AND AIRWAY DEVELOPMENT ACT OF
1970, as amended; (2) for which federal participation shall
not exceed [fifty] EIGHTY per centum [(50%)] (80%) of the
cost thereof and the participation of the State of Maryland
under this act shall not exceed twenty-five per centum (25%)
of the cost thereof; and (3) which are publicly owned,
operated, and controlled by any of the counties or
municipalities of the State of Maryland or by the City of
Baltimore. The participation of the State of Maryland under
this act shall be granted only for projects or any part or
item thereof which qualify for federal assistance under the
[Federal Airport Act of 1946] AIRPORT AND AIRWAY DEVELOPMENT
ACT OF 1970, as amended. Such proceeds shall be expended
upon the following terms and conditions:

(a)  Whenever any one or more counties,
municipalities or the City of Baltimore desires to
participate in the financial assistance which is provided
for under the terms and conditions of this act, the
governing body of each of the counties, or municipalities,
or the Mayor and City Council of Baltimore, thereof shall
file a petition with the State Aviation [Commission]
ADMINISTRATION with such information as the State Aviation
[Commission] ADMINISTRATION shall require together with
preliminary plans for each project for which financial
assistance is requested.

(b)  Upon receipt of the petition the State
Aviation [Commission] ADMINISTRATION, shall make a written
finding of fact addressed to the Board of Public Works in
the form of a recommendation to that Board advising it which
of the requests for financial assistance made by any of the
counties, municipalities or by the City of Baltimore should
be allowed and which should be denied. In making the
finding of fact the State Aviation [Commission]
ADMINISTRATION, shall, at the request of the Board of Public
Works, determine a priority of need for airports or airport
facilities as between any one or more counties or