PARRIS N. GLENDENING, Governor Ch. 313
expended prior to the effective date of this Act. In case of any dispute as to the amount
of the [matching fund] CONTRIBUTION or what [money or assets] CONTRIBUTIONS
may qualify as matching [funds] CONTRIBUTIONS, the Board of Public Works shall
determine the matter and the Board's decision is final. The Mayor and City Council of
Havre de Grace and the R. Madison Mitchell Decoy Workshop have until June 1, 1996 to
present evidence satisfactory to the Board of Public Works that a matching [fund]
CONTRIBUTION will be provided [if]. IF satisfactory evidence is presented [. The], THE
Board shall certify this fact and the amount of the matching [fund] CONTRIBUTION TO
THE STATE TREASURER, and the proceeds of the loan equal to the amount of the
matching [fund] CONTRIBUTION shall be expended for the purposes provided in this
Act.
(c) Any amount of the loan in excess of the amount of the matching [fund]
CONTRIBUTIONS 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, 1995.
Approved May 9, 1995.
CHAPTER 313
(House Bill 1011)
AN ACT concerning
Creation of a State Debt - Baltimore City - Druid Hill Family YMCA Youth Enrichment
Center
FOR the purpose of authorizing the creation of a State Debt not to exceed $250,000, the
proceeds to be used as a grant to the YMCA of Greater Baltimore for certain
development or improvement purposes; providing for disbursement of the loan
proceeds, subject to a requirement that the grantee provide and expend a matching
fund; 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 Baltimore City
- Druid Hill Family YMCA Youth Enrichment Center Loan of 1995 in a total principal
amount equal to the lesser of (i) $250,000 or (ii) the amount of the matching fund
provided in accordance with Section 1(5) below. This loan shall be evidenced by the
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