1926                                        LAWS OF MARYLAND                                    Ch. 525

prohibiting the use of any  proceeds of the loan or any of

the matching funds for    certain religious purposes; and

providing generally for    the issue and sale of bonds
evidencing the loan.

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That:

(1)  The Board of Public Works may borrow money and incur
indebtedness on behalf of the State of Maryland through a State
loan to be known as the Hebrew Home of Greater Washington Loan of
1986 in the total principal amount of $2,000,000 $1,000,000

$500,000. This loan shall be evidenced by the issuance, sale,
and delivery of State general obligation bonds authorized by a
resolution of the Board of Public Works and issued, sold, and
delivered in accordance with §§ 8-117 through 8-124 of the State
Finance and Procurement Article and Article 31, § 22 of the Code.

(2)  The bonds to evidence this loan or installments of this
loan may be sold as a single issue, or may be consolidated and
sold as part of a single issue of bonds under § 8-122 of the
State Finance and Procurement Article.

(3)  The cash proceeds of the sale of the bonds shall be
paid to the Treasurer and first shall be applied to the payment
of the expenses of issuing, selling, and delivering the bonds,
unless funds for this purpose are otherwise provided, and then
shall be credited on the books of the Comptroller and expended,
on approval by the Board of Public Works, for the following
public purposes, including any applicable architects' and
engineers' fees: 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.

(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.

(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
Hebrew Home of Greater Washington shall provide at least an equal

and matching fund of $2,000,000 $1,000,000 $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. 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 Hebrew Home of Greater Washington has until June

1, 1988, to present evidence satisfactory to the Board of Public