HARRY HUGHES, Governor

2919

(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)  The payment of any funds under the provisions of this
Act for the purposes set forth in Section 1(3), above, shall be
contingent upon the provision by Villa Julie College of a sum up
to $1,120,000 as a matching fund for this project. No part of
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 fund, the Board of
Public Works shall determine the matter and the Board's decision
shall be final. Villa Julie College shall have until June 1,
1986, to present evidence satisfactory to the Board of Public
Works of the sum that it has raised as a matching fund for this
purpose. Upon a certification of suitable evidence from the
Board of Public Works on or before June 1, 1986, the proceeds of
the loan shall be expended in accordance with the provisions of
this Act. To the extent that satisfactory evidence of the
raising of a sum up to $1,120,000 as a matching fund for this
project is not presented to the Board of Public Works on or
before June 1, 1986, no funds under the provisions of this Act
shall thereafter be paid over to or expended for the purposes set
forth in Section 1(3), above, and the remaining 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, 1984.

Approved May 29, 1984.

CHAPTER 563

(Senate Bill 764)

AN ACT concerning

Consumer Protection Act - Merchant Exemption Repeal

FOR the purpose of altering the Consumer Protection Act to allow
the Consumer Protection Division of the Office of the
Attorney General to enforce the Act against merchants
regulated by the Public Service Commission. altering the
exemption provision of the Consumer Protection Act to