ROBERT L. EHRLICH, JR., Governor Ch. 432
(3) The cash proceeds of the sale of the bonds shall be paid to the Treasurer
and first shall be applied to the payment of the expenses of issuing, selling, and
delivering the bonds, unless funds for this purpose are otherwise provided, and then
shall be credited on the books of the Comptroller and expended, on approval by the
Board of Public Works, for the following public purposes, including any applicable
architects' and engineers' fees: as a grant to the County Executive and County Council
of Anne Arundel County (referred to hereafter in this Act as "the grantee") for the
planning, design, construction, and capital equipping of the [Broadneck] SEVERN
DANZA Recreational Complex and related facilities and parking, to be located in
[Broadneck Park] SEVERN, in Anne Arundel County.
(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,] PROPERTY OR
in kind [contributions, or] CONTRIBUTIONS. THE FUND MAY CONSIST OF 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, [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.
Chapter 290 of the Acts of 2002
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That:
(1) The Board of Public Works may borrow money and incur indebtedness on
behalf of the State of Maryland through a State loan to be known as the Maryland
Consolidated Capital Bond Loan of 2002 in the total principal amount of
[$731,058,000] $730,458,000. This loan shall be evidenced by the issuance, sale, and
delivery of State general obligation bonds authorized by a resolution of the Board of
Public Works and issued, sold, and delivered in accordance with Sections 8-117
through 8-124 of the State Finance and Procurement Article and Article 31, Section
22 of the Code.
Section 1(3)
DA07 DEPARTMENT OF AGING
(A) Senior Citizen Activities Centers. Provide grants to acquire
property, design, construct, renovate, and equip senior citizen
activities centers. The funds appropriated for this purpose shall
be administered in accordance with Article 70B, Sections 26
through 32. Notwithstanding the provisions of Section 1(5) of
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