Ch. 493

1993 LAWS OF MARYLAND

$1,000,000 $2,000,000 or (ii) the amount of the matching fund provided in accordance
with Section 1(5) below: This loan shall be evidenced by the issuance, sale, and delivery of
State general obligation bonds authorized by a resolution of the Board of Public Works
and issued, sold, and delivered in accordance with §§ 8-117 through 8-124 of the State
Finance and Procurement Article and Article 31, § 22 of the Code.

(2)     The bonds to evidence this loan or installments of this loan may be sold as a
single issue or may be consolidated and sold as part of a single issue of bonds under §

8-122 of the State Finance and Procurement Article.

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(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 Kennedy-Krieger Institute in Baltimore City for the upgrading of the
heating, ventilation, air-conditioning, mechanical, and electrical systems of the existing
facilities so that those facilities may be used to treat children who have a combined
developmental disability and psychiatric condition, to educate more disabled elementary
school children, and to educate disabled middle school children.

(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
issuance 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 Kennedy-Krieger Institute shall provide and
expend a matching fund. 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 the amount of the
matching fund or 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
Kennedy-Krieger Institute has until June 1, 1995, to present evidence satisfactory to the
Board of Public Works that a matching fund will be provided. If satisfactory evidence is
presented, the Board shall certify this fact and the amount of the matching fund to the
State Treasurer, and the proceeds of the loan equal to the amount of the matching fund
shall be expended for the purposes provided in this Act. Any amount of the loan in excess
of the amount of the matching fund certified by the Board of Public Works shall be
canceled and be of no further effect.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
June 1, 1993.

Approved May 27, 1993.

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