WILLIAM DONALD SCHAEFER, Governor Ch. 570

(3)  The cash proceeds of the sale of the bonds shall be
paid to the Treasurer and first shall be applied to the payment
of the expenses of issuing, selling, and delivering the bonds,
unless funds for this purpose are otherwise provided, and then
shall be credited on the books of the Comptroller and expended,
on approval by the Board of Public Works, for the following
public purposes, including any applicable architects' and
engineers' fees: as a grant to the College of Notre Dame of
Maryland to assist in the planning, design, renovation,
replacement, and equipping of Gibbons Hall, Meletia Hall, and
other academic facilities.

(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)  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 the College of Notre Dame of
Maryland of a sum up to $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.
The College of Notre Dame of Maryland has until June 1, 1990, 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
a certification of suitable evidence from the Board of Public
Works on or before June 1, 1990, 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 $2,000,000 as a matching fund for this project is not
presented to the Board of Public Works on or before June 1, 1990,
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, the College of Notre Dame of Maryland shall submit
evidence satisfactory to the Board that none of the proceeds of

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