Ch. 414

LAWS OF MARYLAND

of Caroline County to plan for the expansion, enlargement and
addition for the Caroline County Jail.

(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
Board of County Commissioners of Caroline County shall provide at
least an equal and matching fund of $1,000,000 $100,000. 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 Board of County Commissioners of Caroline County
has until June 1, 1989, 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, 1989, 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 l, 1987.

Approved May 14, 1987.

CHAPTER 414

(Senate Bill 953)

AN ACT concerning

Department of Transportation - County Transportation Bonds

FOR the purpose of providing the Department of Transportation
with sufficient authority to assure that its County
Transportation Bonds comply with the Tax Reform Act of 1986;
authorizing the Department to disburse the proceeds of
County Transportation Bonds pursuant to agreements with
participating counties; providing that the Department may

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