Volume 341, Page 39 View pdf image (33K) |
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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 partici pation 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 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 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 STATEMENT A—5—Continued
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Volume 341, Page 39 View pdf image (33K) |
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