WILLIAM DONALD SCHAEFER, Governor Ch. 445

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 (3) above, the
National Aquarium in Baltimore, Inc. and the Mayor and City
Council of Baltimore shall jointly provide at least an equal and
matching fund of $3,000,000. 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 National Aquarium in
Baltimore, Inc. and the Mayor and City Council of Baltimore have
until June 1, 1990 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, 1990, 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, 1988.

Approved May 17, 1988.

CHAPTER 445

(House Bill 639)

AN ACT concerning

Creation of a State Debt -
Baltimore City Correctional Facility Loan of 1988

FOR the purpose of authorizing the creation of a State Debt in
the amount of $19,000,000 $17,000,000, the proceeds to be
used as a grant to the Mayor and City Council of Baltimore
for the design, construction, and equipping of the new
Baltimore City Correctional Facility; and providing
generally for the issuance and sale of bonds evidencing the
loan.

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