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Total — General Public School
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Construction Loans.....
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$99,623,245.03
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$16,090,000.00
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$3,607,632.62
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$19,697,632.62
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$9,776,142.48
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$2,766,076.06
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$12,542,218.54
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$106,778,659.11
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Advances for Capital Improvements:
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Baltimore County...........
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$200,009.28
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$ 200,009.28
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City of Salisbury ...............
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73,849.21
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73,849.21
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Total — Advances for Capital
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Improvements ......
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$273,858.49
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$ 273,858.49
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(A)
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GRAND TOTAL.......
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$99,897,108.52
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$16,090,000.00
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$3,607,632.62
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$19,697,632.62
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$9,776,142.48
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$2,766,076.06
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$12,542,218.54
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$107,052,517.60
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(A) $841,556.56 charged in Fiscal Year 1964, received in Fiscal Year 1963. See Fiscal Year 1963 Comptroller's Annual Report.
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
July 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 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 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 the "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 pro-
vides 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.
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