3670

LAWS OF MARYLAND

Ch. 665

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 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 as a
classroom and laboratory facility for the Park Heights
Street Academy.

(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 shall
provide at least an equal and matching fund of $100,000. 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 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 666
(House Bill 931)
AN ACT concerning