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PARRIS N. GLENDENING, Governor
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Ch. 67
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CHAPTER 67
(House Bill 476)
AN ACT concerning
Prince George's County - Mt. Rainier Revitalization Project Loan of 2000
FOR the purpose of altering the date by which the grantee is required to provide a
matching fund, pursuant to Chapter 695 of the Acts of the General Assembly of
2000, Prince George's County - Mt. Rainier Revitalization Project Loan of 2000,
from June 1, 2002 to June 1, 2004; and generally relating to the Prince George's
County - Mt. Rainier Revitalization Project Loan of 2000.
BY repealing and reenacting, with amendments,
Chapter 695 of the Acts of the General Assembly of 2000
Section 1(5)
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Chapter 695 of the Acts of 2000
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, 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, [2002] 2004, 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, 2002.
Approved April 9, 2002.
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- 1171 -
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