(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. 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.
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 May 13, 1999.

CHAPTER 496
(House Bill 1164)

AN ACT concerning

Carroll County Agricultural Center Loan of 1997

FOR the purpose of amending Chapter 213 of the Acts of the General Assembly of
1997, the Carroll County Agricultural Center Loan of 1997, to extend the time
by which the Carroll County Agricultural Center shall present certain evidence
of a matching fund to the Board of Public Works.

BY repealing and reenacting, with amendments,

Chapter 213 of the Acts of the General Assembly of 1997

Section 1

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

Chapter 213 of the Acts of the General Assembly of 1997

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That:

(1) 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 Carroll
County Agricultural Center Loan of 1997 in a total principal amount equal to the
lesser of (i) $300,000 or (ii) the amount of the matching fund provided in accordance