13,404

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DELEGATE SHERBOW: I hope this amendment is

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defeated. There is one place where really we ought to

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tread so lightly and so carefully and know what we are

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doing and this is in the field where the State's credit

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and the State's bond issues already outstanding and yet to

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be created are concerned.

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Now, we have already approved by Section 14 that

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the rights, powers, and duties of the Board of Public

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Works continue as so vested until January 6, 1971, but if

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we do not pass this present new Section 14 transferred all

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of the powers of the Board of Public Works to the Board of

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Review, we are really heading and I adopt Delegate Adkins

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and Delegate Morgan's words, a chaotic situation.

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Let me give you just one example. Every year

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the Board of Public Works must set the real estate tax of

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Maryland based on statutes already passed dealing with

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bond issues already outstanding. It is easy to say, of

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course, the Legislature is going to act, but just suppose

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there is an error, just suppose they do not act. You know

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you can't ever get back a credit that you have established

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that you slip up on.