|
Anne Arundel County .......................................
|
813902
|
|
818,500
|
|
818,500
|
|
|
|
818,500
|
|
Washington County .........................................
|
813921
|
|
893,000
|
|
893,000
|
|
|
|
893,000
|
|
Caroline County ............................................
|
813928
|
|
288,000
|
17,928
|
305,928
|
|
|
|
305,928
|
|
Caroline County ............................................
|
828105
|
|
470,380
|
|
470,380
|
|
|
|
470,380
|
|
Dorchester County ..........................................
|
828109
|
|
500,000
|
|
500,000
|
|
|
|
500,000
|
|
Washington County .........................................
|
828111
|
|
607,000
|
|
607,000
|
|
|
|
607,000
|
|
TOTAL:
|
|
4,324,675
|
3,576,880
|
234,580
|
3,811,460
|
119,256
|
216,652
|
335,908
|
7,800,227
|
|
TOTAL LOAN FUND:
|
|
4,324,675
|
3,576,880
|
234,580
|
3,811,460
|
119,256
|
216,652
|
335,908
|
7,800,227
|
|
GRAND TOTAL ......................................
|
|
$125,151,721
|
$6,452,300
|
$5,798,526
|
$12,250,826
|
$14,197,031
|
$5,573,523
|
$19,770,554
|
$117,631,993
|
( ) 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 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
the State School Construction Program, since Chapter 86 expressly provides that "No County ... shall be required to levy ad valoram 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 county ..."
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 the indebtedness of any county shall not be considered to be increased
by reason of its receipts after January 1, of such funds.
SCHEDULED D—4
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