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Ch. 193
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2000 LAWS OF MARYLAND
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delivering the bonds, unless funds for this purpose are otherwise provided, and then
shall be credited on the books of the Comptroller and expended, on approval by the
Board of Public Works, for the following public purposes, including any applicable
architects' and engineers' fees: as a grant to the Board of Directors of the Maryland
Agricultural Education Foundation, Inc. (referred to hereafter in this Act as "the
grantee") for the planning, design, repair, renovation, reconstruction, construction,
and capital equipping of classroom and office facilities [at Swan Harbor Farm in
Havre de Grace] IN HARFORD COUNTY to be named in memory of the late Senator
William Amoss.
(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. No part of the fund may consist of real property or in kind
contributions. The matching fund may consist of funds expended after December 1,
1997 and 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, [2000] 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, 2000.
Approved April 25, 2000.
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CHAPTER 193
(House Bill 1386)
AN ACT concerning
Howard County - Economic Development Incentive Fund
Ho. Co. 13-00
FOR the purpose of altering the authorized uses of the Howard County Economic
Development Incentive Fund to include encouraging and supporting the
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- 940 -
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