WILLIAM DONALD SCHAEFER, Governor
(4) An annual 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) Prior to the payment of any matching grant funds under the provisions of
Section 1(3), Item 50.01.00 above, grantees shall provide matching funds as specified. No
part of a grantee'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. Grantees have until June 1, 1995 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, 1995, the proceeds of the loan shall be applied to the purposes
authorized in Section 8-129 of the State Finance and Procurement Article.
SECTION 2. AND BE IT FURTHER ENACTED, That the Laws of Maryland
read as follows:
- 1127 -
Chapter 289 of the Acts of 1974
Section 5(2)
(M) University of Maryland:
(4) Eastern Shore Campus (Somerset County):
(a) Construction of a Center for Student Development........................
(D) PROVIDE A PORTION OF THE FUNDS TO RENOVATE THE
ORIGINAL PORTION OF DOUGLASS LIBRARY...............................
53,000
Ch. 73
funds to design, construct, and equip the renovation and expansion
of the Carroll County Detention Center, subject to the
requirement that the grantee provide a matching fund of $527,000
for this purpose (Carroll County)......................................................
(K) Minor League Baseball Stadia. Provide a grant to the
Maryland-National Capital Park and Planning Commission to
plan, design, construct and equip a baseball stadium, subject to the
requirement that the county provide a matching fund of $5,000,000
and the team provide a matching fund of $1,500,000 and further
provide a grant to the City of Hagerstown for the repair,
renovation, rehabilitation, reconstruction, construction, expansion,
and equipping of Municipal Stadium, located in Hagerstown.........
636,000
2,525,000
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