Ch. 205

LAWS OF MARYLAND

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
National Aquarium in Baltimore and the Mayor and City Council of
Baltimore shall jointly provide at least an equal and matching
fund of $1,500,000. No part of the 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
and the Mayor and City Council of Baltimore have until June 1,
1991 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, 1991, 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, 1989.

Approved May 5, 1989.

CHAPTER 20 5

(House Bill 473)

AN ACT concerning

Creation of a State Debt - Baltimore City
Correctional Facility Loan of 1989

FOR the purpose of authorizing the creation of a State Debt in
the amount of $22,660,000 $22,700,000 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 issue and sale of bonds evidencing the
loan.

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