3668

LAWS OF MARYLAND

Ch. 664

(4)  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 of 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.

(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. No part of an
applicant'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. The Mayor and City Council of
Baltimore or the Baltimore Zoological Society or both 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 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 665

(House Bill 922)

AN ACT concerning

Creation of a State Debt -
Park Heights Street Academy

FOR the purpose of authorizing the creation of a State Debt
in the amount of $200,000 100,000, the proceeds to be
used for a grant to the Mayor and City Council of
Baltimore for the renovation, alteration, improvement,
and equipping of the building at 2706 Shirley Avenue in
Baltimore City for use as a classroom and laboratory