3470

VETOES

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That:

(1)  The Board of Public Works may borrow money and
incur indebtedness on behalf of the State of Maryland
through a State loan to be known as the Kent County Jail
Loan of 1981 in the aggregate principal amount of
$1,500,000. This loan shall be evidenced by the issuance
and sale of State general obligation bonds authorized by a
resolution of the Board of Public Works and issued, sold and
delivered in accordance with the provisions of §§ 19 to 23
of Article 31 of the Annotated Code of Maryland (1976
Replacement Volume and 1980 Supplement, as amended from time
to time).

(2)  The bonds issued to evidence this loan or
installments thereof may be sold as a single issue, or may
be consolidated and sold as part of a single issue of bonds
under § 2B of Article 31 of the Code.

(3)  The actual cash proceeds of the sale of the bonds
shall be paid to the Treasurer and shall be first applied to
the payment of the expenses of issuing and delivering the
bonds unless funds for this purpose are otherwise provided
and thereafter shall be credited on the books of the State
Comptroller and expended, upon approval by the Board of
Public Works, for the following public purposes, including
any applicable architects' and engineers' fees: for
alteration, enlargement, extension, expansion, improvement,
reconstruction, rehabilitation, renovation, and repair of
the Kent County Jail, including the costs of acquisition and
development of property rights, acquisition and installation
of furnishings and equipment and any related financial and
planning services.

(4)  Prior to the payment of any funds under the
provisions of this Act for the purposes set forth in Section
1 (3) above, Kent County shall provide at least an equal and
matching fund of $1,500,000 for this project. No part of
the applicant's 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
fund 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. Kent County
has 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.