|
Total.................
|
$4,115,000.00
|
$20,910,000.00
|
$763,050.00
|
$21,673,050 00
|
|
$763,050 00
|
$763,050 00
|
$25,025,000 00
|
|
Total General Public School
|
|
|
|
|
|
|
|
|
|
Construction Loans..... ........
|
$106,788,659.11
|
$20,910,000.00
|
$3,712,187.30
|
$24,622,187 30
|
$11,838,963 29
|
$3,712,187 30
|
$15,551,150.59
|
$115,849,695 82
|
|
Advances for Capital Improvements:
|
|
|
|
|
|
|
|
|
|
Baltimore County...............
|
$ 200,009.28
|
|
|
|
|
|
|
$ 200,009 28
|
|
City of Salisbury.... .....
|
73,849.21
|
|
|
|
1,663 00
|
|
1,663 00
|
72,186 21
|
|
Total Advances for Capital
|
|
|
|
|
|
|
|
|
|
Improvements.... .... ......
|
273,858.49
|
|
|
|
1,663 00
|
|
1,663 00
|
272,195 49
|
|
GRAND TOTAL
|
$107,052,517 60
|
$20,910,000.00
|
$3,712,187 30
|
$24,622,187 30
|
$11,840,626 29
|
$3,712,187 30
|
$15,552,813 59
|
$116,121,891 31
|
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 "Laws of 1958" expressly provides that: "The indebtedness of any county . . . shall not be considered to be increased by reason of the
receipts by said county . . . after January 1, 1958, of money from participation by such political subdivisions 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 aaid 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 Con-
struction Program since there are no bonds issued by the county in connection with the funds received, the 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.
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