5186

VETOES

(2)  The bonds issued to evidence this loan or
installments thereof may be sold as a single issue, or may
be consolidated and sold as part of a single issue of bonds
under § 2B of Article 31 of the Code.

(3)  The actual cash proceeds of the sale of the bonds
shall be paid to the Treasurer and shall be first applied to
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: as a State
grant to assist in the design, planning, and construction of
an expansion to the Montgomery County Pre-Release Center.

(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, Montgomery County shall provide at least an
equal and matching fund of $200,000 for this project. No
part of the applicant's matching fund may be provided from
State funds, 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. Montgomery County 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 transferred to the Annuity Bond Fund and
applied to the debt service requirements of the State.
applied to the purposes authorized in Article 78A, Section 3
of the Code.

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

June 1, 1982
The Honorable James Clark, Jr.