HARRY HUGHES, Governor                                5331

University provide at least an equal and matching fund
of a certain type for the same purpose by a certain
date; and providing generally for the issue and sale of
bonds evidencing the loan.

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That:

(1)  The Board of Public Works may borrow money and
incur indebtedness on behalf of the State of Maryland
through a State loan to be known as The Johns Hopkins
University Homewood Campus Loan of 1982 in the aggregate
principal amount of $750,000 $700,000. This loan shall be
evidenced by the issuance and sale of State general
obligation bonds authorized by a resolution of the Board of
Public Works and issued, sold and delivered in accordance
with the provisions of §§ 19 to 23 of Article 31 of the
Annotated Code of Maryland (1976 Replacement Volume and 1981
Supplement, as amended from time to time).

(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: for the
renovation and equipping equipment of laboratory and
teaching space in Dunning and Remsen Halls on The Johns
Hopkins University Homewood Campus.

(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 Johns Hopkins University shall provide at
least an equal and matching fund of $750,000 $700,000 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 matching funds the applicant's