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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 author-
ized 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 and 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 dunng 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 Con-
struction 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 extent indicated in the General Public School Construction Loan of 1958 and 1956 under the provision of Chapter 86
of the Acts of 1958
|
|
Total
|
General Public School
Construction Loan of
1953
6th Installment
|
General Public School
Construction Loan of
1956
3rd Installment
|
General Public School
Construction Loan of
1956
4th Installment
|
General Public School
Construction Loan of
1956
5th Installment
|
General Public School
Construction Loan of
1956
6th Installment
|
|
AUegany County
|
$13,000 00
|
$13,000 00
|
|
|
|
|
|
Baltimore County
|
3,224,000 00
|
|
$2,224,000 00
|
$1,000,00000
|
|
|
|
Calvert County
|
108,000 00
|
|
|
|
|
$108,000 00
|
|
Caroline County
|
184 000 00
|
184,000 00
|
|
|
|
|
|
Carroll County
|
1.034,000 00
|
|
1,034,000 00
|
|
|
|
|
Cecil County
|
1,249,000 00
|
749,000 00
|
|
|
$500,000 00
|
|
|
Charles County
|
671,000 00
|
|
221,000 00
|
|
|
450,000 00
|
|
Frederick County
|
1,149,000 00
|
|
449,000 00
|
|
|
700,000 00
|
|
Garrett County
|
170,000 00
|
105,000 00
|
|
65 000 00
|
|
|
|
Howard County
|
458,000 00
|
|
228,000 00
|
200,000 00
|
|
30,000 00
|
|
Kent County
|
200,000 00
|
|
|
|
100,000 00
|
100,000 00
|
|
Montgomery County
|
14,000,000 00
|
|
5,000,000 00
|
3,000,000 00
|
|
6,000,000 00
|
|
Prince George's County
|
7,500,000 00
|
1,500,000 00
|
2,000,000 00
|
|
|
4,000,000 00
|
|
Queen Anne's County
|
273,000 00
|
|
|
|
|
273,000 00
|
|
St Mary's County
|
710,000 00
|
|
200,000 00
|
175,000 00
|
335,000 00
|
|
|
Somerset County
|
107,000 00
|
|
|
|
107,000 00
|
|
|
Washington County
|
1,160,000 00
|
|
|
|
800,000 00
|
360,000 00
|
|
Wicomico County
|
80,000 00
|
|
80,000 00
|
|
|
|
|
Worcester County
|
39,000 00
|
39,000 00
|
|
|
|
|
|
Total__
|
$32,329,000 00
|
$2,590,000 00
|
$11,436,00000
|
$4,440,000 00
|
$1,842,000 00
|
$12,021,000 00
|
Repayments of interest and principal due under the above installments are deducted from funds distributable to the political subdivisions as their share of income tax,
incentive fund for school buildings, etc
|
 |
