Volume 768, Page 1971 View pdf image |
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HARRY HUGHES, Governor 1971 on approval by the Board of Public Works, for the following Maryland. (4) An annual State tax is imposed on all assessable (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 shall provide at least an equal and matching fund of 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 Mayor and City Council of Baltimore has 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. CHAPTER 548 (House Bill 1215) Creation of a State Debt - Druid Hill Park Loan of 1986 FOR the purpose of authorizing the creation of a State Debt in the amount of |
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Volume 768, Page 1971 View pdf image |
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