Ch. 74

1997 LAWS OF MARYLAND

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.

(6) Prior to the issuance of the bonds, the grantee shall present to the Board
of Public Works evidence, acceptable to the Board, that the grantee has complied with all
relevant provisions of the Maryland Youth Camp Act, Title 14, Subtitle 4 of the Health -

General Article,

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
June 1, 1997.

Approved April 8, 1997.

CHAPTER 74
(Senate Bill 287)

AN ACT concerning

Charles County - Bel Alton High School Loan of 1995

FOR the purpose of amending Chapter 212 of the Acts of the General Assembly of 1995,
the Charles County - Bel Alton High School Loan of 1995, to extend the time by
which the grantee shall provide evidence of a matching fund.

BY repealing and reenacting, with amendments,

Chapter 212 of the Acts of the General Assembly of 1995
Section 1

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Chapter 212 of the Acts of 1995

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF

MARYLAND, That:

(!) 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 Charles County
- Bel Alton High School Loan of 1995 in a total principal amount equal to the lesser of (i)
$50,000 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.

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