Advances for Capital Improvements:
Baltimore County
City of Salisbury
|
$ 165,974 28
16.541 39
|
|
|
|
$ 2,801 60
|
|
$ 2,801 60
|
$ 165,974 28
13,739 79
|
Town of Northeast
|
23 083 38
|
|
|
|
|
|
|
23,033 38
|
Total — Advances for Capital
Improvements
|
$ 205,549 05
|
|
|
|
$ 2,801 60
|
|
$ 2,801 60
|
$ 202,747 46
|
GRAND TOTAL
|
$204,814,144 66
|
$32,517,074 75
|
$8,286,946 36
|
$40,804,021 11
|
$16,138,229 52
|
$8,189,152 43
|
$24,827,381 95
|
$221,290,783 82
|
In connection with the General Public School Construction Loan, 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" ex-
pressly 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 195C 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 tho 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 purposes of repaying to the State any such money received
during tho calendar year 1968 or any subsequent year, or the interest or carrying charges with respect to such money, by said county . "
3. It in not necessary for the county to include in its schedule the 'bonded debtednes" amounts received by it after January 1, 1968, from the State School Construction Program sirce there are no bonds issued
by the county in connection with the funds received, Chapter 86, as above set forth, specifically provides that the indebtness of any county shall not be considered to be increased by reason of its receipts after
January 1, 1958 of such funds
SUMMARY
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CHARGES
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DURING FISCAL ^
|
fEAR 1970
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REPAYMENTS
|
DURING FISCAL
|
YEAR 1970
|
|
|
BALANCE
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|
|
|
|
|
|
BALANCE
|
DUE FROM:
|
July 1, 1969
|
Principal
|
Interest
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Total
|
Principal
|
Interest
|
Total
|
June 30, 1970
|
|
|
|
|
|
|
|
|
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General Public School Construction Loans by
|
|
|
|
|
|
|
|
|
County
Allegany
Anne Arundel
Baltimore
|
$2,783,884 69
28,125,179 66
44,898,11404
500,268.57
|
$ 820,000 00
6,685.000 00
7,000,000 00
190,000 00
|
$ 103,826 16
1,039,950 89
1,931,373 23
26,455 77
|
$ 423,826 16
6,724,960 89
8,931,373 28
216,455 77
|
$ 427,145 23
1,827,331 16
3,533,807 67
64,636 44
|
$ 103,826 16
1.039.950 89
1,931,37323
26,455 77
|
$ 630,971 39
2,867,282 05
6.465.18090
81,092 21
|
$2 676,739 46
26,982,848 49
48,364,306 37
635,632 13
|
Calvert
|
496,145 10
|
90,000 00
|
18,715 46
|
108,715 46
|
70,611 62
|
18,715 46
|
89,327 08
|
615.533 48
|
Carroll
|
4.347.459 84
|
295,000 00
|
162,273 70
|
457,273 70
|
489,570 09
|
162,273 70
|
651,843 79
|
4,152,889 75
|
Cecil
|
1,372,815 54
|
|
37,663 65
|
37.663 65
|
260.091 76
|
37.663 65
|
802,755 41
|
1,107,723 78
|
Charles
|
4,017, 12^ 14
|
|
137,190 35
|
137,19035
|
879,432 64
|
137.190 35
|
616,622 99
|
8,637,692 50
|
Frederick
|
6,103,781 73
|
110.000 00
|
210,220 17
|
820,220 17
|
623,403 57
|
210,220 17
|
833,623 74
|
6,590,378 16
|
Garrett
|
972,746 03
|
65,000 00
|
84,320 88
|
99,329 88
|
94,950 86
|
34,329 88
|
129,280 74
|
942,795 17
|
Harford
|
3,360,000 00
|
600,000 00
|
162 874 88
|
762,874 88
|
210,604 13
|
162,874 88
|
873,479 01
|
8,749,395 87
|
Howard
|
8,271,274 50
|
290,000 00
|
121,430 22
|
411,430 22
|
806,651 75
|
121,430 22
|
428,081 97
|
8,254,622 75
|
Kent
|
1,295.353 50
|
70,000 00
|
44,550 56
|
114,550 56
|
101,042 48
|
44,550 56
|
145,593 04
|
1,264,311 02
|
Montgomery
Pnnce George s
Queen Anne's
St. Mary's
|
20,980,283 32
87,489,420 22
227,673 22
8,499,769 50
|
2,310,000 00
285,000 00
200,000 00
|
591,683 08
1,408.103 48
21,545 21
182,325 14
|
691,683 08
8,718,103 48
806,545 21
832,325 14
|
2,982,175 34
8,357 249 15
81,280 07
334,718 73
|
691,683 08
1,408,103 48
21,545 21
132,325 14
|
3,573,858 42
4,765,352 63
52,825 28
467,043 87
|
17,998,107 98
86,392 171 07
481,393 15
3,365,050 77
|
Somerset
|
115,19575
|
70,000 00
|
7,207 73
|
77,207 73
|
14,660 58
|
7,207 73
|
21,868 31
|
170,535 17
|
Talbot
|
980,477 34
|
90,000 00
|
84,834 19
|
124,834 19
|
66,063 92
|
84,834 19
|
100,898 11
|
1,004,41342
|
Washington
|
1,226,486 88
|
485,000 00
|
61,559 63
|
496,559 63
|
163,085 91
|
61,559 63
|
224,645 54
|
1.498,400 97
|
Wicomico
|
247.055 16
|
|
6,795 18
|
6,795 18
|
69,454 64
|
6,795 18
|
76,249 72
|
177.600 62
|
Worcester
|
651,490 30
|
1,000,000 00
|
67,869 79
|
1,067,869 79
|
114,032 38
|
67,869 79
|
181,902 17
|
1,437,457 92
|
Baltimore City
|
|
6,275,000 00
|
273,875 38
|
6,548,875 38
|
|
273,875 38
|
273,875 38
|
6,275,000 00
|
|
|
|
|
|
|
|
|
|
Construction Loans
|
$161,812,000 02
|
$24,380,000 00
|
$6,636,653 73
|
$31,016,653 73
|
$15,517,00002
|
$6,636,653 73
|
$22,153,653 76
|
$170,675,000 00
|
General Sanitary Facilities Construction
Loan of 1963
|
$ 104,913 23
|
|
$ 4 035 86
|
$ 4,035 86
|
$ 7,981 39
|
$ 4,035 86
|
$ 12,017 25
|
$ 96,931 84
|
Airport Development Program and Construction
Loan of 1964
|
$ 152,709 36
|
$ 183,306 00
|
$ 4,581 28
|
$ 187,887 28
|
$ 6,881 68
|
$ 4,581 28
|
$ 11,462 96
|
$ 329,138 68
|
Area Redevelopment Loan of 1962
|
$ 182,752 67
|
|
$ 10,229 30
|
$ 10,229 30
|
|
$ 9,239 74
|
$ 9,239 74
|
$ 183,742 23
|
Hospital Construction Loan of 1964
|
$41,082,631 50
|
$6,416,898 75
|
$1,597,596 99
|
$8,014,494 74
|
$ 644,325 36
|
$1,500,791 62
|
$2,045,116 98
|
$47,052,009 26
|
General Public Regional Community College
Construction Loan of 1965
|
$ 583,275 00
|
|
$ 28,036 45
|
$ 23,036 45
|
|
$ 23,036 45
|
$ 23.036 45
|
$ 583,275 00
|
Water Quality Loan of 1968
|
|
$1,405,500 00
|
$ 10,813 76
|
$1,416,313 75
|
|
$ 10,813 76
|
$ 10,813 75
|
$1,405,60000
|
New Marsh Wholesale Produce Market
|
|
|
|
|
|
|
|
|
Authority Loan of 1957
|
$ 690,313 83
|
$ 131,370 00
|
|
$ 131,370 00
|
$ 59,239 47
|
|
$ 59,289 47
|
$ 762,444 36
|
Advances for Capital Improvements
|
$ 205.549 05
|
|
|
|
$ 2,801 60
|
|
$ 2,801 60
|
$ 202,747 45
|
GRAND TOTAL
|
$204,814,144 66
|
$32,517,074 75
|
$8,286,946 36
|
$40,804.021 11
|
$16,138,229 52
|
$8,181,152 43
|
$24,327,381 95
|
$221 290,783 82
|
STATEMENT A—5
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