Ch. 153

2003 LAWS OF MARYLAND

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.".

(2) If an enabling act requires a lesser matching fund, the fifth
paragraph is as follows:

"(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 of $ ..., (amount of the matching fund to be provided by the grantee).
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, 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, ... (2 years from the effective date of the Act), 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 to the State Treasurer, and the
proceeds of the loan shall be expended for the purposes provided in this Act.".

(E) AN ENABLING ACT MAY ALSO CONTAIN THE FOLLOWING PARAGRAPH:

"THE PROCEEDS OF THE LOAN MUST BE EXPENDED OR ENCUMBERED BY THE
BOARD OF PUBLIC WORKS FOR THE PURPOSES PROVIDED IN THIS ACT NO LATER
THAN JUNE 1, .... (7 YEARS FROM THE EFFECTIVE DATE OF THE ACT). IF ANY FUNDS
AUTHORIZED BY THIS ACT REMAIN UNEXPENDED OR UNENCUMBERED AFTER JUNE
1, .... (7 YEARS FROM THE EFFECTIVE DATE OF THE ACT), THE AMOUNT OF THE
UNENCUMBERED OR UNEXPENDED AUTHORIZATION SHALL BE CANCELED AND BE
OF NO FURTHER EFFECT. IF BONDS HAVE BEEN ISSUED FOR THE LOAN, THE
AMOUNT OF UNEXPENDED OR UNENCUMBERED BOND PROCEEDS SHALL BE
DISPOSED OF AS PROVIDED IN § 8-129 OF THE STATE FINANCE AND PROCUREMENT
ARTICLE.".

[(e)] (F) An enabling act under this section may contain:

(1)     an additional provision for all or part of the principal of and interest
on the State bonds issued under the enabling act to be paid primarily from sources of
funds other than a State tax on assessable property; and

(2)     any other additional provision that is appropriate to the purpose of
the enabling act and the nature of State bonds.

8-128.

(a) If, within 2 years after the date of an authorization of State debt,
EVIDENCE THAT A REQUIRED MATCHING FUND WILL BE PROVIDED HAS NOT BEEN
PRESENTED TO THE BOARD OR no part of the project or program for which the

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