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2000 LAWS OF MARYLAND
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Ch. 261
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directly or indirectly, from funds of the State, whether appropriated or
unappropriated. No part of the fund may consist of real property or in kind
contributions. The fund may consist of 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, 2002, 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.
(6) No portion of the proceeds of the loan or any of the matching funds may be
used for the furtherance of sectarian religious instruction, in connection with the
design, acquisition, or construction of any building used or to be used as a place of
sectarian religious worship or instruction, or in connection with any program or
department of divinity for any religious denomination. Upon the request of the Board
of Public Works, the grantee shall submit evidence satisfactory to the Board that none
of the proceeds of the loan or any matching funds has been or is being used for a
purpose prohibited by this Act.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
June 1, 2000.
Approved May 11, 2000.
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CHAPTER 261
(Senate Bill 331)
AN ACT concerning
Property Tax Credits - Construction
FOR the purpose of providing that a law granting or authorizing a property tax credit
may not be construed to affect eligibility of any entity for a property tax
exemption; providing for the construction of this Act; and generally relating to
the construction of laws granting or authorizing property tax credits.
BY adding to
Article - Tax - Property
Section 7-110
Annotated Code of Maryland
(1994 Replacement Volume and 1999 Supplement)
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
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- 1596 -
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