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Annual Report of the Comptroller, 1962
Volume 326, Page 26   View pdf image (33K)
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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 1966 authorized by Chapter 80 of the Acts of the General
Assembly of 1966, 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 tax-
able 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 . . . .".

8. 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 Pro-
gram 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 receipts after January 1, 1958 of such funds.

The following counties are participating to the extent indicated in the General Public School Construction Loan of 1953 and 1956 under the provision of Chapter 86 of the
Acts of 1958:

 

 

General Public

General Public

General Public

General Public

General Public

General Public

General Public

General Public

General Public

   

School

School

School

School

School

School

School

School

School

   

Construction

Construction

Construction

Construction

Construction

Construction

Construction

Construction

Construction

   

Loan of 1953

Loan of 1956

Loan of 1956

Loan of 1956

Loan of 1956

Loan of 1956

Loan of 1956

Loan of 1956

Loan of 1956

County

Total

6th Installment

3rd Installment

4th Installment

5th Installment

6th Installment

7th Installment

8th Installment £

)th Installment

10th Installm't

Allegany ..........

$597,000

$13,000

             

$584,000

Baltimore.........

15,939,000

 

$2,224,000

$1,000,000

       

$8,000,000

4,715,000

Cal vert...........

290,000

       

$108,000

     

182,000

Caroline..........

184,000

184,000

               

CarrolL....

1,034,000

 

1,034,000

             

Cecil.............

1,249,000

749,000

   

$500,000

         

Charles.........

671,000

 

221,000

   

450,000

       

Frederick .....

1,359,000

 

449,000

   

700,000

$210,000

     

Garrett...........

427,000

105,000

 

65,000

   

32,000

   

225,000

Howard...........

1,825,000

 

228,000

200,000

 

30,000

400,000

$419,000

274,000

274,000

Kent ........

308,000

     

100,000

100,000

108,000

     

Montgomery .....

17,000,000

 

5,000,000

3,000,000

 

6,000,000

     

3,000,000

Prince George's....
Queen Anne's......

14,302,000
404,000

1,500,000

2,000,000

   

4,000,000
273,000

3,000,000

601,000

 

3,201,000
131,000

St. Mary's.........

960,000

 

200,000

175,000

335,000

   

250,000

   

Somerset ..........

107,000

     

107,000

         

Washington .......

1,583,000

     

800,000

360,000

300,000

123,000

   

Wicomico.........

130,000

 

80,000

           

50,000

Worcester.........

39,000

39,000

               

Total.......

$58,408,000

$2,590,000

$11,436,000

$4,440,000

$1,842,000

$12,021,000

$4,050,000

$1,393,000

$8,274,000

$12,362,000

 

 

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Annual Report of the Comptroller, 1962
Volume 326, Page 26   View pdf image (33K)
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