WILLIAM DONALD SCHAEFER, Governor Ch. 299

(e) "Wholly owned" may mean leased property, if the:

(i) Lease will be for a minimum term of 30
years following project completion;

(ii) Lessor consents to the recording of a
notice of the State's right of recovery in the land records of
the political subdivision in which the facility is located; and

(iii) Lease agreement extends the right of
purchase to the lessee.

(5)  Any county, municipal corporation, for-profit, or
nonprofit organization sponsoring a project involving the
planning, design, construction, conversion, acquisition,
renovation, and equipping of a facility in this State may apply
to the Agency for a State grant to be applied toward the cost of
that project. The application shall be directed to the Director
of Juvenile Services. On approval of a project and the project
plans by the Agency, the Director shall promptly report the
application to the Board of Public Works, together with the
Director's recommendation that the Board make funds available as
provided in this Act.

(6)  (a) Before the Agency approves any project, the
applicant shall file with the Agency:

(i) A statement listing the personnel employed
or to be employed at the facility and showing all remuneration
and perquisites for personal services and all other expenses paid
or to be paid to these personnel, as well as all other expenses
incurred or to be incurred in operating the facility; and

(ii) The schedule of rates charged or to be
charged for services rendered.

(b) Before the Agency approves any project, the
Director of Juvenile Services shall have adopted regulations to
carry out this Act and previous or subsequent acts for the same
purposes. Among other things, these regulations shall provide
for certified annual financial statements from each facility and
may provide for other reports. For each facility, this
information shall be required annually for at least the term of
the bonds used to finance any project at that facility.

(7)  The allocation and use of State funds under this Act
are subject to the following terms and conditions:

(a) State funds may be used only for the planning,
design, construction, conversion, acquisition, renovation, and
equipping of facilities, including reports, plans,
specifications, site improvements, surveys, and programs in
connection therewith.

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