1076                             Laws of Maryland                       Ch. 470

purchases contracted for. The net profits derived from the sale of
alcoholic beverages shall be applied in the first instance toward the
payment of current interest and retirement charges on such notes,
certificates of indebtedness and/or bonds as may be issued by the
County Council for the purpose of raising funds for the establish-
ment and operation of the dispensary system. Secondly, the net
proceeds shall be applied to the creation of the revolving fund pro-
vided for herein. Thirdly, the balance of said net proceeds shall be
deposited as general funds of Montgomery County.

Sec. 2. And be it further enacted, That this Act shall take effect
on December 7, 1970.

Approved April 28, 1970

CHAPTER 470
(House Bill 341)

AN ACT to repeal and re-enact with amendments Section 67 of
Article 81 of the Annotated Code of Maryland (1969 Supplement)
title "Revenue and Taxes," subtitle "Collectors and Collections,"
to authorize the Chief Administrative Officer of Montgomery
County to make allowances to collectors of state and local taxes
for insolvencies, removals and refunds of taxes.

Section 1. Be it enacted by the General Assembly of Maryland,
That Section 67 of Article 81 of the Annotated Code of Maryland
(1969 Supplement) title "Revenue and Taxes," subtitle "Collectors
and Collections," be and is hereby repealed and re-enacted with
amendments to read as follows:

67.

The County Commissioners in each county, the [county manager]
Chief Administrative Officer in Montgomery County, and the Depart-
ment of Assessments in Baltimore City, as to local taxes, and the
Comptroller upon certificates of the County Commissioners, the
[county manager] Chief Administrative Officer in Montgomery
County, or Department of Assessments in Baltimore City, as to State
taxes, shall make all just allowances to the respective collectors for
insolvencies and removals and for refunds of taxes made in accord-
ance with the provisions of law. The final assessing authority, the
Supervisor of Assessments and the County Treasurer (in Montgom-
ery County the Director of Finance) of each county and in Balti-
more City, the City Solicitor, the Supervisor of Assessments and
the Director of the Department of Assessments, and in any incor-
porated town in Caroline County, the town boards, may by an
order, decrease or abate an assessment after the date of finality for
any year, whether a protest against said assessment was filed before
the date of finality or not, in order to correct erroneous and im-
proper assessments and to prevent injustice, provided, that the
reasons for such decrease or abatement shall be clearly set forth
in such order.