HARRY HUGHES, Governor

3181

(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 the Johns Hopkins University of
a sum up to $2,500,000 $2,000,000 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 is final. The Johns Hopkins
University has until June 1, 1987, 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, 1987, 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 $2,500,000
$2,000,000 as a matching fund for this project is not presented
to the Board of Public Works on or before June 1, 1987, 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, 1985.

Approved May 28, 1985.

CHAPTER 700

(House Bill 1392)

AN ACT concerning

Creation of a State Debt - Mount St. Mary's College

FOR the purpose of authorizing the creation of a State Debt in
the amount of $1,150,000, the proceeds to be used as a grant
to Mount St. Mary's College to assist in the planning,
design, renovation, alteration, and equipping of the library
and of the communications center; the planning, design,
construction, and equipping of a replacement facility for