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General Public School Construction
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Loan of 1965
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Counties
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Allegany
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$325,000 00
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$15,843 75
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$340,843 75
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$ 15,843 75
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$15,84375
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$325 000 00
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Anne Arundel
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4,690,000 00
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228,637 50
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4,918,637 50
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228,637 50
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228, 637 50
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4,690,000 00
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Carroll
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800,000 00
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27,200 00
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827,200 00
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27 200 00
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27,200 00
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800,000 00
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Charles
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1,350,000 00
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56,962 50
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1,406,962 50
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56,962 50
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56,962 50
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1,350,000 00
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Frederick
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1,150,000 00
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56,062 50
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1,206,062 50
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56 062 50
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56,062 50
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1,150,00000
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Garrett
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250,000 00
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8,500 00
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258,500 00
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8,500 00
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8,500 00
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250,000 00
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Howard
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300,000 00
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10,200 00
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310 200 00
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10,200 00
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10,200 00
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300 000 00
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Prince George's
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8,950,000 00
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436,312 50
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9,386,312 50
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436,312 50
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436 312 50
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8,950,000 00
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St Mary's
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130,000 00
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6,337 50
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136,337 50
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6,337 50
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6,337 50
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130,000 00
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Total
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$17,945,000 00
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$846,056 25
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$18,791,05625
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$846,056 25
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$846,056 25
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$17,945,000 00
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Total — General Public School
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Construction Loans
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$115,849,695 82
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$26,570,000 00
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$4,622,485 89
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$31,192,48589
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$11,356,077 49
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$4,622,485 89
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$15,978,563 38
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$131 063,618 33
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Advances for Capital Improvements
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Baltimore County
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$200,00928
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$200,00928
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City of Salisbury
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72,18621
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$825 00
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$ 825 00
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71,36121
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Total — Advances for Capital
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Improvements
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$272,195 49
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$825 00
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825 00
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$271,37049
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GRAND TOTAL
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$116,121.891 31
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$26,570,000 00
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$4 622,485 89
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$31,192,485 89
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$11,356,902 49
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$4,622,485 89
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$15,979,388 38
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$131,334,988 82
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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 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 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 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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