2350 LAWS OF MARYLAND Ch. 368
(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 grant to the
governing body Board of County Commissioners of Cecil County for
the purpose of the construction and equipping of the Cecil County
Detention Center/Sheriff's Office.
(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 provision
of this Act for the purposes set forth in Section 1(3) above, the
Board of County Commissioners of Cecil County shall provide at
least an equal and matching fund of $95,000. No part of an
applicant's matching funds 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
or in kind contributions. The fund may include funds expended
prior to the effective date of this Act which have not previously
been used to satisfy local matching requirements of a State grant
for this project. 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 Board of County Commissioners has until June 1, 1986 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 proceeds of the loan shall be expended for the
purposes provided in this Act. If this evidence is not presented
by June 1, 1986, the proceeds shall be 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, 1984.
Approved May 15, 1984.
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