Ch. 307                                    2004 LAWS OF MARYLAND

which the sale, lease, or disposal occurred, if the public school building was:
CONSTRUCTED UNDER A CONTRACT EXECUTED ON OR AFTER FEBRUARY 1, 1971.

(i) Constructed under a contract executed on or after February 1,
1971; and

(ii) Paid for primarily with State funds under this section.

(3) The part of the proceeds from the sale, lease, or disposal of a public
school building that fairly represents the appraised value of land and that part of the
cost of the public school building that was funded by the county shall remain as the
funds of the county.

[(k)] (J) (1) Whether by budget bill or supplementary appropriation bill, all
money appropriated to carry out the purposes of this section is a separate fund that
shall be administered by the State Comptroller in accordance with the [rules and]
regulations adopted by the Board of Public Works.

(2)      (I) EXCEPT AS PROVIDED IN SUBPARAGRAPH (II) OF THIS
PARAGRAPH, ANY FUNDS APPROVED FOR A PROJECT THAT HAS NOT BEEN
CONTRACTED FOR WITHIN 2 YEARS OF THE APPROVAL OF THE PROJECT SHALL
REVERT TO THE FUND ESTABLISHED UNDER PARAGRAPH (1) OF THIS SUBSECTION.

(II) THE INTERAGENCY COMMITTEE, WITH THE APPROVAL OF THE
BOARD OF PUBLIC WORKS, MAY EXTEND THE TIME PERIOD UNDER SUBPARAGRAPH
(I) OF THIS PARAGRAPH IF THE INTERAGENCY COMMITTEE DETERMINES THAT
UNUSUAL CIRCUMSTANCES EXIST.

(3)      ANY UNEXPENDED ALLOCATIONS OF FUNDS FOR PREVIOUSLY
APPROVED PROJECTS SHALL BE TRANSFERRED TO THE FUND ESTABLISHED UNDER
PARAGRAPH (1) OF THIS SUBSECTION.

(4)      ON OR BEFORE JUNE 1 AND DECEMBER 1 OF EACH YEAR, THE
INTERAGENCY COMMITTEE SHALL REPORT TO THE GENERAL ASSEMBLY, IN
ACCORDANCE WITH § 2-1246 OF THE STATE GOVERNMENT ARTICLE, ON THE
BALANCE IN THE FUND AS THE RESULT OF TRANSFERS OR REVERSIONS REQUIRED
UNDER THIS SUBSECTION.

SECTION 4. AND BE IT FURTHER ENACTED, That the Laws of Maryland
read as follows:

Article - Education

5-206.

(f) In fiscal year [2004] 2006 and in each fiscal year thereafter, the State shall
distribute grants to county boards under the Aging Schools Program administered by
the Interagency Committee on School Construction in the following amounts:

(1)     Allegany County.....................................................[$355,000] $166,000

(2)     Anne Arundel County.............................................[$570,000] $859,000

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