WILLIAM DONALD SCHAEFER, Governor                    Ch. 467

paid in full. The principal shall be discharged within 15 years
after the date of issue of the bonds.

(5)  The payment of any funds under the provisions of this
Act for the purposes set forth in Section 1(3) above, shall be
contingent upon the provision by Western Maryland College of a
sum up to $2,500,000 $2,000,000 as a matching fund for this
project. No part of an applicant's matching fund may be provided
from State funds either directly or indirectly, in whole or in
part. No part of the fund may consist of real property or in kind
contributions. 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. Western
Maryland College has until June 1, 1989, to present evidence
satisfactory to the Board of Public Works of the sum that it has
raised as a matching fund for this purpose. Upon certification of
suitable evidence from the Board of Public Works on or before
June 1, 1989, the proceeds of the loan shall be expended in
accordance with the provisions of this Act. To the extent that
satisfactory evidence of the raising of a sum up to $2,500,000
$2,000,000 as a matching fund for this project is not presented
to the Board of Public Works on or before June 1, 1989, no funds
under the provisions of this Act shall thereafter be paid over to
or expended for the purposes set forth in Section 1(3) above, and
the remaining proceeds of the loan shall be applied to the
purposes authorized in § 8-129 of the State Finance and
Procurement Article.

(6)  No portion of the proceeds of the loan or any of the
matching funds may be used for the furtherance of sectarian
religious instruction, or in connection with the design,
acquisition, or construction of any building used or to be used
as a place of sectarian religious worship or instruction, or in
connection with any program or department of divinity for any
religious denomination. Upon the request of the Board of Public
Works, Western Maryland College shall submit evidence
satisfactory to the Board that none of the proceeds of this loan
or any matching funds have been or are being used for a purpose
prohibited by this Act.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect June 1, 1987.

Approved May 14, 1987.

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