(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 in kind contributions or funds
expended prior to the effective date of this Act. The fund may consist of real property.
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, 2001, 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, 1999.
Approved April 27, 1999.
CHAPTER 145
(Senate Bill 101)
AN ACT concerning
Health Insurance - Medical Clinical Trials - Coverage
FOR the purpose of requiring certain insurers, nonprofit health service plans, and
health maintenance organizations to provide coverage under certain
circumstances for certain patient cost incurred as a result of treatment being
provided in a Phase I clinical trial for a life-threatening condition other than
cancer; providing for the application of this Act; and generally relating to
coverage for patient cost incurred as a result of a treatment being provided in
accordance with a clinical trial.
BY repealing and reenacting, with amendments,
Article - Insurance
Section 15-827
Annotated Code of Maryland
(1997 Volume and 1998 Supplement)
|