HARRY HUGHES, Governor

1293

real property or interests in land required in connection with
those buildings, site improvements, and facilities, on the
following terms and conditions:

(a)  Whenever a county or Baltimore City desires, or
whenever the counties that support a regional community college
desire, to participate in the financial assistance provided for
by this Act, the jurisdiction or jurisdictions shall file with
the State Board for Community Colleges a petition and such
information as the State Board for Community Colleges requires,
together with a complete proposal for each project for which
financial assistance is desired. The State Board for Community
Colleges shall submit to the State Board for Higher Education a
copy of each petition and project proposal.

(b)  On receipt of 1 or more petitions, the State
Board for Community Colleges shall make a written report to the
Board of Public Works describing the request or requests for
financial assistance received and recommending a disposition for
each request. The report shall contain a determination of the
priority needs for public junior, community, regional community
college facilities among the counties and Baltimore City.

(c)  The Board of Public Works shall approve each
grant and shall certify the amount of the grant to the Treasurer
and the Comptroller. The Comptroller shall issue his warrant to
the Treasurer to pay the grant to the petitioning jurisdiction or
jurisdictions, when needed, for design and construction or the
acquisition -or- of real property or interests in land. The
decision of the Board of Public Works shall be in such form as
the Board deems advisable and shall be final and conclusive.

(d)  The amount of the grant shall be a percentage of
total construction costs, including site acquisition and
development costs, as follows:

(i) For a regional community college
established under § 16-302 of the Education Article - 75 percent;
or

(ii) For a public junior or community college
that is not a regional community college - the greater of:

1.  A percentage equal to that percentage
of the expenditure for basic current expenses that the State pays
to the petitioning jurisdiction under § 5-202(b) of the Education
Article; or

2.  50 percent.

(4) An annual State tax is imposed 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. The principal shall be discharged within 15 years

after the date of issue of the bonds.