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Session Laws, 2003
Volume 799, Page 1044   View pdf image
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Ch. 30                                      2003 LAWS OF MARYLAND

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, 2003.

Approved April 8, 2003.

CHAPTER 30
(Senate Bill 682)

AN ACT concerning

Prince George's County - Kettering Largo Boys & Girls Club Storage Facility

Loan of 2001

FOR the purpose of amending Chapter 326 of the Acts of the General Assembly of
2001, the Prince George's County - Kettering Largo Boys & Girls Club Storage
Facility Loan of 2001, to allow the matching fund to consist of real property and
extend the date by which the Board of Directors of the Kettering Largo Boys &
Girls Club must provide and expend a matching fund.

BY repealing and reenacting, with amendments,

Chapter 326 of the Acts of the General Assembly of 2001
Section 1(5)

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

Chapter 326 of the Acts of 2001

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

(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 funds expended
prior to the effective date of this Act. The fund may consist of REAL PROPERTY OR in
kind contributions. 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,
[2003] 2005, 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

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Session Laws, 2003
Volume 799, Page 1044   View pdf image
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