3672

LAWS OF MARYLAND

Ch. 666

(5) Prior to the payment of any funds under the
provisions of this Act for the purposes set forth in Section
1(3) above, Loyola College shall provide at least an equal
and matching fund of $720,000 for this project. No part of
an the applicant's matching fund may be provided from State
funds, either directly or indirectly, in whole or in part.
No part of the applicant's matching fund may consist of real
property, or in kind contributions. In case of any dispute
as to what money or assets may qualify as the applicant's
matching funds fund, the Board of Public Works shall
determine the matter, and the Board's decision shall be
final. Loyola College shall have until June 1, 1984 to
present evidence satisfactory to the Board of Public Works

that the matching this fund will be provided. If

satisfactory evidence is is presented, the Board shall certify
this fact to the State Treasurer and the proceeds of the
loan shall be expended for the purpose 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. If satisfactory
evidence of the raising of at least an equal and matching
fund for this project is presented to the Board of Public
Works on or before June 1, 1984, the Board of Public Works
shall so certify to the Treasurer of the State and the
proceeds of the loan shall be expended in accordance with
the provisions of this Act. If satisfactory evidence of the
raising of at least an equal and matching fund for this
project is not presented to the Board of Public Works on or
before June 1, 1984, the proceeds of the loan shall be
applied to the purposes authorized in Article 78A, § 3 of
the Code.

(6) No portion of the proceeds of the loan or
any of the matching funds may be used for the furtherance of
sectarian religious instruction, or in connection with the
design, acquisition, or construction of any building used or
to be used as a place of sectarian religious worship or used
or to be used as a place for sectarian religious
instruction, or in connection with any part of any program
or department of divinity for any religious denomination.
Upon the request of the Board of Public Works, Loyola
College shall submit evidence satisfactory to the Board that
none of the proceeds of this loan or any of the matching
funds have been or are being used for a purpose prohibited
by this Act.

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

Approved June 1, 1982.