3650

LAWS OF MARYLAND

Ch. 654

(a)  For State-owned schools and hospitals, funds
provided under this Act will match the federal grants on an
equal basis (funds provided under this Act will cover 50
percent of the total eligible cost of each project).

(b)  For public community colleges and public
elementary and secondary schools, funds provided under this
Act will provide one-half of the amount needed to match the
federal grants on an equal basis, the other one-half of the
match being provided by the local government (funds provided
under this Act will cover 25 percent of the total eligible
cost of each project).

(4)  Prior to the payment of any funds under the
provisions of this Act for the purposes set forth in Section
1(3)(b) above, the local government shall provide a fund at
least equal to and matching the State's contribution. No
part of the local government's matching fund may be
provided, either directly or indirectly, from funds of the
State, whether appropriated or unappropriated. No part of
the fund may consist of real property, 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. Local government has 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 applied to the purposes authorized in
Article 78A, § 3 of the Code (1980 Replacement Volume and
1981 Supplement, as amended from time to time).

(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 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.

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

Approved June 1, 1982.

CHAPTER 655
(House Bill 819)