PARRIS N. GLENDENING, Governor

Ch. 322

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 Hospice of Prince George's County (referred to hereafter in this Act as
"the grantee") for the planning, design, construction, and equipping of a building at 10101
White House Road in Upper Marlboro for use by the grantee.

(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) (A) 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. The fund may consist of 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
grantee has until June 1, [1997] 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.

(B) THE GRANTEE MAY PROVIDE THE EVIDENCE OF A MATCHING FUND
AND RECEIVE THE PROCEEDS OF THE SALE OF THE BONDS BOTH IN INCREMENTS OF
AT LEAST $250,000 EACH.

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

Approved May 8, 1997.

CHAPTER 322
(House Bill 923)

AN ACT concerning

Hospice of Prince George's County Loan of 1995

FOR the purpose of amending Chapter 269 of the Acts of the General Assembly of 1995,
the Hospice of Prince George's County Loan of 1995, to allow the grantee to receive
the proceeds of the grant in increments of a certain amount; and to extend the time
by which the grantee shall provide evidence of a matching fund.

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