Ch. 181                                    2003 LAWS OF MARYLAND

(3) Adopt regulations.

(b) Any contractual agreement that the Department enters into under the
Green Shores Program shall specify the terms of the grant or payment.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
October 1, 2003.

Approved April 22, 2003.

CHAPTER 181
(House Bill 929)

AN ACT concerning

Worcester County - Worcester County Development Center Loan of 2001

FOR the purpose of amending Chapter 482 of the Acts of the General Assembly of
2001, the Worcester County - Worcester County Development Center Loan of
2001, to extend to June 1, 2005 the time by which the Board of County
Commissioners of Worcester County must provide and expend a matching fund.

BY repealing and reenacting, with amendments,

Chapter 482 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 482 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 in kind contributions or funds
expended prior to the effective date of this Act. The fund may 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, [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 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.

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