is final. The Board of Trustees of the Avalon Theatre, Inc. has until June 1, 1995, to
present evidence satisfactory to the Board of Public Works that the matching fund
will be provided. If satisfactory evidence is presented, the Board shall certify this fact
to the State Treasurer and the proceeds of the loan shall be expended for the purposes
provided in this Act. If this evidence is not presented by June 1, 1995, the proceeds of
the loan shall be applied to the purposes authorized in § 8-129 of the State Finance
and Procurement Article.]

(5) (A) THE GRANTEE SHALL PROVIDE AND EXPEND A MATCHING FUND.

(B) 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, 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.

(C) THE GRANTEE SHALL PRESENT EVIDENCE TO THE SATISFACTION OF
THE BOARD OF PUBLIC WORKS OF THE PROVISION AND EXPENDITURE OF THE
MATCHING FUND, AND THE BOARD OF PUBLIC WORKS SHALL DISBURSE THE
PROCEEDS OF THE GRANT UNDER THE PROVISIONS OF THIS ACT FOR THE PURPOSES
SET FORTH IN SECTION 1(3) ABOVE, BOTH TO BE DONE IN INSTALLMENTS.

(D) AS THE GRANTEE PROVIDES AND EXPENDS AN INSTALLMENT OF
THE MATCHING FUND, THE BOARD OF PUBLIC WORKS SHALL DISBURSE AN
INSTALLMENT OF THE PROCEEDS OF THE GRANT EQUAL TO THE PORTION OF THE
MATCHING FUND PRESENTED AT THAT TIME BY THE GRANTEE.

(E) THIS METHOD OF PRESENTATION OF THE MATCHING FUND IN
INSTALLMENTS AND OF THE DISBURSEMENT OF THE PROCEEDS OF THE LOAN IN
INSTALLMENTS THAT ARE EQUAL TO EACH PRESENTATION OF THE MATCHING FUND
SHALL CONTINUE UNTIL THE FIRST TO OCCUR OF THE DISBURSEMENT OF THE
TOTAL AMOUNT OF THE GRANT OR JUNE 1, 2001.

(F) THE GRANTEE HAS UNTIL JUNE 1, 2001, TO PRESENT THE FINAL
EVIDENCE SATISFACTORY TO THE BOARD OF PUBLIC WORKS THAT THE TOTAL
MATCHING FUND WILL BE PROVIDED. IF SATISFACTORY EVIDENCE IS PRESENTED,
THE BOARD SHALL CERTIFY THIS FACT, THE AMOUNT OF THE FINAL INSTALLMENT
OF THE MATCHING FUND, AND THE AMOUNT OF THE TOTAL MATCHING FUND TO
THE STATE TREASURER, AND THE FINAL PROCEEDS OF THE LOAN EQUAL TO THE
FINAL INSTALLMENT OF THE MATCHING FUND SHALL BE EXPENDED FOR THE
PURPOSES PROVIDED IN THIS ACT. AFTER JUNE 1, 2001, 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) The Board of Trustees of the Avalon [Theatre] FOUNDATION, Inc. shall
grant and convey a preservation easement on the exterior and interior of the Avalon
Theatre, where appropriate, and on the land or on the recipients interest in the land