Ch. 189

1994 LAWS OF MARYLAND

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, 1994.

Approved May 2, 1994.

CHAPTER 189
(Senate Bill 578)

AN ACT concerning

Creation of a State Debt - College of Notre Dame of Maryland - Knott Science Center

FOR the purpose of authorizing the creation of a State Debt not to exceed $2,200,000
$1,125,000, the proceeds to be used as a grant to the College of Notre Dame of
Maryland to assist in the planning, design, repair, renovation, rehabilitation,
alteration, conversion, and reconstruction of, and in the provision of capital
equipment for, Knott Science Center, and in the construction of an addition to
connect Knott Science Center to Doyle Hall, subject to the requirement that the
College of Notre Dame of Maryland provide and expend a matching fund and
present by a certain date evidence that a matching fund will be provided; providing
that no proceeds of a loan or any matching funds may be used for religious
purposes; and providing generally for the issuance and sale of bonds evidencing the
loan.

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That:

(1)     The Board of Public Works may borrow money and incur indebtedness on
behalf of the State of Maryland through a State loan to be known as the College of Notre
Dame of Maryland - Knott Science Center Loan of 1994 in a total principal amount equal
to the lesser of (i) $2,200,000 $1,125,000 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.

(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:

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