WILLIAM DONALD SCHAEFER, Governor Ch. 717
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
Benedictine School for Exceptional Children, Inc. shall provide a
at least an equal and matching fund of $1,500,000 $600,000. 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. The fund may consist of 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 Benedictine School for Exceptional Children, Inc. has 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.
(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 Benedictine School for Exceptional Children, Inc.,
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, 1989.
Approved May 25, 1989.
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