HARRY HUGHES, Governor

2487

least an equal and matching fund for this project is not
presented to the Board of Public Works on or before June 1,
1982, the proceeds of the loan shall be transferred to the

Annuity Bond Fund and applied to the debt service

requirements of the State.

(5) Prior to the payment of any funds under the
provisions of this Act for the purposes set forth in Section
1(3) above, the Mayor and City Council of Baltimore or the
Baltimore Zoological Society or both shall provide at least
an equal and matching fund of $700,000 for this project. No
part of the applicants' matching fund may be provided from
State funds either directly or indirectly. No part of the
fund may consist of real property, or in-kind contributions,
or funds expended prior to the effective date of this Act.
In case of any dispute as to what money or assets may
qualify as matching funds, the Board of Public Works shall
determine the matter, and the Board's decision is final.
The Mayor and City Council of Baltimore or the Baltimore
Zoological Society or both shall have until June 1, 1983 to
present evidence satisfactory to the Board of Public Works
that the matching fund will be provided. If satisfactory
evidence is presented, the Board shall certify this fact to
the State Treasurer, and the proceeds of the loan shall be
expended for the purposes provided in this Act. If this
evidence is not presented by June 1, 1983 the proceeds of
the loan shall be transferred to the Annuity Bond Fund and
applied to the debt service requirements of the State.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect June 1, 1981.

Approved May 19, 1981.

CHAPTER 638

(House Bill 719)

AN ACT concerning

Creation of a State Debt -
Johns Hopkins University Biology Building

FOR the purpose of authorizing the creation of a State Debt
in the amount of $1,500,000, the proceeds to be used to
assist in the planning, design, construction, and
equipping of a biology laboratory and teaching facility
at the Johns Hopkins University in Baltimore, Maryland,
subject to the requirement that the Johns Hopkins
University provide at least an equal and matching fund
of a certain type for the same purpose by a certain
date; and providing generally for the issue and sale of
bonds evidencing the loan.