HARRY HUGHES, Governor

3505

principal to be discharged within fifteen years of the date
of issue of the bonds.

(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 Hagerstown shall
provide at least an equal and matching fund of $250,000 for
this project. No part of the applicant's matching fund may
be provided from State funds either directly or indirectly ,
either directly or indirectly, from funds of the State,
whether appropriated or unappropriated. 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 Hagerstown have until June 1, 1984 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, 1984 the proceeds of
the loan shall be transferred to the Annuity Bond Fund and
applied to the debt service requirements of the State
applied to the purposes authorized in Article 78A, § 3 of
the Code.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect June 1, 1982.

Approved June 1, 1982.

CHAPTER 600

(House Bill 102)

AN ACT concerning

Revenue Anticipation Notes

FOR the purpose of authorizing the State Treasurer, subject
to the approval of the Board of Public Works, to make
and sell short-term notes in the name of the State in
anticipation of the collection of revenue, including
revenues from the proceeds of sales of bonds, subject
to certain conditions; and submitting this amendment to
the qualified voters of the State of Maryland for their
adoption or rejection.

BY proposing an amendment to the Constitution of Maryland