ROBERT L. EHRLICH, JR., Governor                             Ch. 204

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, 2006, 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.

(6) No portion of the proceeds of the loan or any of the matching funds
may be used for the furtherance of sectarian religious instruction, or in connection with
the design, acquisition, or construction of any building used or to be used as a place of
sectarian religious worship or instruction, or in connection with any program or
department of divinity for any religious denomination. Upon the request of the Board
of Public Works, the grantee shall submit evidence satisfactory to the Board that none
of the proceeds of the loan or any matching funds have been or are being used for a
purpose prohibited by this Act.

SECTION 11. 13. 12. 14. AND BE IT FURTHER ENACTED, That:

The Comptroller may advance funds from any loan fund account to any other
loan fund account established pursuant to a general obligation bond loan enabling
act, for any expenditure authorized by that act, provided that if general obligation
bonds have not been issued under the authority of that act, the next ensuing sale of
general obligation bonds shall include the issuance of bonds under the authority of
that act in an amount at least equivalent to the amount of the funds so advanced.

SECTION 12. 14. 13. 15. AND BE IT FURTHER ENACTED, That the net new
debt to be authorized by legislation in fiscal year 2004 may not exceed $740,000,000
$739,999,000 $740,000,000, as evidenced by the following:

FY 2004 debt to be authorized by this Act................................... 722,470,000

742,169,000
742,470,000

FY 2004 debt authorized by separate legislation for Southern
Maryland Regional Strategy-Action Plan for Agriculture Loan
of 2003.............................................................................................           5,000,000

FY 2004 debt to be authorized by separate legislation for

private hospitals.............................................................................           5,000,000

FY 2004 debt to be authorized by separate legislation for

projects of political subdivisions and nonprofit organizations ....         15,000,000

Subtotal........................................................................................... 742,470,000

Reductions in Previously Authorized State Debt Made in This

Bill....................................................................................................         (2,470,000)

(7,470,000)

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