HARRY HUGHES, Governor 1925
paid in full. The principal shall be discharged within 15 years
after 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
Mayor and City Council of Baltimore and the National Aquarium in
Baltimore, Inc., jointly shall provide at least an equal and
matching fund of $10,000,000 $3,500,000. No part of an
applicant's matching fund 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, in kind contributions, or funds expended prior to the
effective date of this Act, except for architects' and
engineering fees. 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 Mayor and City Council of Baltimore and the National Aquarium
in Baltimore, Inc., have until June 1, 1988, 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 the
proceeds of the loan shall be expended for the purposes provided
in this Act. If this evidence is not presented by June 1, 1988,
the proceeds of the loan shall be applied to the purposes
authorized in § 8-129 of the State Finance and Procurement
Article.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect June 1, 1986.
Approved May 13, 1986.
CHAPTER 525
(House Bill 1117)
AN ACT concerning
Creation of a State Debt - Hebrew Home of Greater Washington
MC 607-86
FOR the purpose of authorizing the creation of a State Debt in
the amount of $2,000,000 $1,000,000 $500,000. the proceeds
to be used as a grant; to the Hebrew Home of Greater
Washington for the purpose of the acquisition of land for
and the planning, design, construction, and equipping of a
congregate housing and supportive service project for
elderly citizens to be located in Montgomery County, subject
to the requirement that the Hebrew Home of Greater
Washington provide at least an equal and matching fund of a
certain kind for the same purpose by a certain date;
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