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General Public Regional Community College
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Construction Loan of 1965
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|
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Caroline County
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$ 218,955 00
|
|
$ 8,647 63
|
$ 8,647 63
|
|
$ 8,647 63
|
$ 8,647 63
|
$ 218,955 00
|
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Kent County
|
168,053 00
|
|
6,637 25
|
6,637 25
|
|
6,637 25
|
6,637 25
|
168,053 00
|
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Queen Anne's County
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196,267 00
|
|
7,751 57
|
7,751 57
|
|
7,751 57
|
7,751 57
|
196,267 00
|
|
Total — General Public Regional
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Community College Con
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|
|
|
|
|
|
|
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struction Loan of 1965
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$ 583,275 00
|
|
$ 23,036 45
|
$ 23,036 45
|
|
$ 23,036 45
|
$ 23,036 45
|
$ 583,275 00
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Water Quality Loan of 1968
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|
|
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|
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Town of Greensboro
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$ 250,000 00
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|
$ 10,813 75
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$ 10,813 75
|
|
$ 10,813 75
|
$ 10,813 75
|
$ 250,000 00
|
|
Town of Secretary
|
250,000 00
|
|
10,813 75
|
10,813 75
|
|
10,813 75
|
10,813 75
|
250,000 00
|
|
Town of Manchester
|
250,000 00
|
|
10,813 75
|
10,813 75
|
|
10,813 75
|
10,813 75
|
250,000 00
|
|
Town of Fruitland
|
250,000 00
|
|
13,082 25
|
13,082 25
|
|
13,082 25
|
13,082 25
|
250,000 00
|
|
Wnght's Crossing — Grahamtown
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|
|
|
|
|
|
|
|
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Sewerage System
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81,500 00
|
|
4,264 81
|
4,264 81
|
|
4,264 81
|
4,264 81
|
81,500 00
|
|
Centennial Hill Sewerage System
|
74,000 00
|
|
3,872 35
|
3,872 35
|
|
3,872 35
|
3,872 35
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74,000 00
|
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Eckhart Mines — Clarysville Sewerage
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|
|
|
|
|
|
|
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System
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250,000 00
|
|
13,082 25
|
13,082 25
|
|
13,082 25
|
13,082 25
|
250,000 00
|
|
Town of Poolesville
|
|
$ 250,000 00
|
13,082 25
|
263,082 25
|
|
6,541 13
|
6,541 13
|
256,541 12
|
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Town of Queenstown
|
|
250,000 00
|
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250,000 00
|
|
|
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250,000 00
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Garrett County Sanitary Commission
|
|
160,000 00
|
|
160,000 00
|
|
|
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160,000 00
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Total — Water Quality Loan of 1968
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$ 1,405,500 00
|
$ 660,000 00
|
$ 79,825 16
|
$ 739,825 16
|
|
$ 73,284 04
|
$ 73,284 04
|
$ 2,072,041 12
|
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New Marsh Wholesale Produce Market
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|
|
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Authority Loan of 19o7
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$ 762,444 36
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$ 118,000 00
|
$ 15,152 50
|
$ 133,152 50
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$ 86,414 37
|
|
$ 86,414 37
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$ 809,182 49
|
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Advances for Capital Improvements
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|
|
|
|
|
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|
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Baltimore County
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$ 165,974 28
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|
|
|
|
|
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$ 165,974 28
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City of Salisbury
|
13,739 79
|
$(6,154 79)
|
|
$(6,154 79)
|
$ 370 00
|
|
$ 370 00
|
7,215 00
|
|
Town of Northeast
|
23,033 38
|
|
|
|
|
|
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23,033 38
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Total — Advances for Capital
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|
|
|
|
|
|
|
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Improvements
|
$ 202,747 45
|
$(6,154 79)
|
|
$(6,154 79)
|
$ 370 00
|
|
I 370 00
|
$ 196,222 66
|
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GRAND TOTAL
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$ 221,290,783 82
|
$42,253,945 21
|
$ 9,863,276 22
|
$52,117,221 43
|
$17,916,741 62
|
$ 9,727,551 11
|
$27,644,292 73
|
$245,763,712 52
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( ) Denotes Red Figure
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 authonzed 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 pnncipal 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 purposes 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 county "
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, 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.
STATEMENT A—5—Continued
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