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2000 LAWS OF MARYLAND
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Ch. 612
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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 in kind contributions or funds expended
prior to the effective date of this Act. The fund may, with appropriate documentation,
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, 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 18, 2000.
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CHAPTER 612
(House Bill 509)
AN ACT concerning
Frederick County - Employees' Pension System - Contributory Pension
Benefit
FOR the purpose of allowing the employees of Frederick County who are members of
the Employees' Pension System to become subject to a certain contributory
pension benefit that alters the benefits those members receive and requires a
certain member contribution; authorizing the purchase of service credit under
certain circumstances; altering a certain cost-of-living adjustment of certain
allowances; requiring Frederick County to pay for certain additional pension
liabilities according to a certain amortization schedule approved by the Board of
Trustees for the State Retirement and Pension System; making this Act subject
to a certain contingency; requiring the State Retirement Agency to verify certain
information; and generally relating to participation in the contributory pension
benefit part of the Employees' Pension System by certain employees of Frederick
County.
BY adding to
Article - State Personnel and Pensions
Section 21-307(k) and 23-307.2
Annotated Code of Maryland
(1997 Replacement Volume and 1999 Supplement)
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