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Ch. 481
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2000 LAWS OF MARYLAND
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for the acquisition, planning, design, construction, reconstruction, and capital
equipping of a site in Calvert County to house a Boys and Girls Club.
(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. 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, 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.
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 481
(House Bill 1404)
AN ACT concerning
Teachers* Retirement System - Employment of Retirees
FOR the purpose of exempting from a certain offset of a retirement allowance certain
retirees of the Teachers' Retirement System who retired from a board of
education or local school system on or before a certain date and are reemployed
in a part-time position with the University System of Maryland; and providing
for the delayed effective date of a portion termination of this Act.
BY repealing and reenacting, with amendments,
Article - State Personnel and Pensions
Section 22-406(b)
Annotated Code of Maryland
(1997 Replacement Volume and 1999 Supplement)
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