Ch. 225                                    1996 LAWS OF MARYLAND

(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 grantee shall provide and expend a matching
fund. No part of the 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 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 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
grantee has until June 1, 1998, 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, 1996.

Approved April 30, 1996.

CHAPTER 225
(House Bill 438)

AN ACT concerning

Department of Housing and Community Development - National Electrical Code and
Energy Conservation Building Standards - Central Automated Database

FOR the purpose of providing for the inclusion of the National Electrical Code and local
amendments and a certain Energy Code and local energy code provisions in a
certain Department of Housing and Community Development central automated
database; and generally relating to the National Electrical Code, State and local
government energy codes, and the Department of Housing and Community
Development.

BY repealing and reenacting, with amendments,

Article 83B - Department of Housing and Community Development
Section 6-404 and 6-406
Annotated Code of Maryland
(1995 Replacement Volume)

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