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STATEMENT A—6—Continued
In connection with the General Public School Construction Loans, the Attorney General has advised:
1. That participating counties do not become a debtor of the State of Maryland by reason of their participation in the State School Construction Program after January
1, 1958, since Chapter 86 expressly provides that: "The indebtedness of any county .... shall not be considered to be increased by reason of the receipt by said county ....
after January 1, 1958, of money from participation by such political subdivision in the General Public School Construction Loan of 1956 authorized by Chapter 80 of the
Acts of the General Assembly of 1956, or any similar act passed or to be hereafter passed".
2. The participating counties are not obliged to levy taxes in rate and amount sufficient to repay the principal of an interest on funds received by it from the State as a
result of its participation in the State School Construction Program, since Chapter 86 expressly provides that "No county .... shall be required to levy ad valorem taxes
upon its taxable basis for the purpose of repaying to the State any such money received during the calendar year 1958 or any subsequent year, or the interest or carrying
charges with respect to such money, by said counties . . .".
3. It is not necessary for the county to include in its schedule of "bonded debtedness" amounts received by it after January 1, 1958, from the State School Construction
Program since there are no bonds issued by the county in connection with the funds received, and Chapter 86, as above set forth, specifically provides that the indebtedness
of any county shall not be considered to be increased by reason of its receipt after January 1, 1958 of such funds.
The following counties are participating to the pxtent indicated in the General Public School Construction Loan of 1953 and 1956 under the provision of Chapter 86 of
the Acts of 1958:
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General Public School
Construction Loan of 1953
6th Installment
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General Public School
Construction Loan of 1956
3rd Installment
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General Public School
Construction Loan of 1956
4th Installment
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Allegany County
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$ 13,000.00
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Baltimore County
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$2,224,000.00
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$1,000,000.00
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Caroline County
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184,000.00
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Can-oil County
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1,034,000.00
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Cecil County
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749,000.00
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Charles County
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221,000.00
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Frederick County
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449,000.00
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Garrett County
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105,000.00
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65,000.00
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Howard County
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228,000.00
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200,000.00
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Montgomery County
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5,000,000.00
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3,000,000.00
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Prince George's County
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1,500,000.00
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2,000,000.00
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St. Mary's County
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200,000.00
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175,000.00
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Wicomico County
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80,000.00
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Worcester County
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39,000.00
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$2,590,000.00
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$11,436,000.00
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$4,440.000.00
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