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

		CHARGES	DURING FISCAL ^	fEAR 1970	REPAYMENTS	DURING FISCAL	YEAR 1970
	BALANCE							BALANCE
DUE FROM:	July 1, 1969	Principal	Interest	Total	Principal	Interest	Total	June 30, 1970
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