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STATE OF MARYLAND
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Charges
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During Fiscal Year
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1984
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Repayments
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During Fiscal
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Year 1984
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Project
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Balance
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Balance
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Code
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July 1, 1983
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Principal
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Interest
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Total
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Principal
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Interest
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Total
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June 30, 1984
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Washington County
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828111
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590,465
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49,074
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49,074
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9,312
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49,074
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58,386
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581,153
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St Mary's County
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828118
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150,000
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16,740
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16,740
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16,740
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16,740
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150,000
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Worcester County
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828123
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275,000
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30,690
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30,690
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30,690
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30,690
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275,000
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Baltimore City
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828124
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373,325
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42,897
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42,897
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373,325
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42,897
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416,222
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Caroline County
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828125
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291,500
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24,227
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24,227
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24,227
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24,227
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291,500
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Washington County
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828126
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504,200
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54,000
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54,000
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54,000
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54,000
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504,200
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Baltimore City
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828127
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1,500,000
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1,500,000
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1,500,000
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Dorchester County
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828129
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279,000
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279,000
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279,000
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Baltimore City
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828130
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1,000,000
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1,000,000
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1,000,000
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Baltimore City
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828131
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1,500,000 _
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1,500,000
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1,500,000
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Total
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10,085,681
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4,279,000
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727,170
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5,006,170
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557,700
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749,383
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1,307,083
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13,784,768
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Total Enterprise Fund
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10,085,681
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4,279,000
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727,170
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5,006,170
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557,700
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749,383
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1,307,083
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13,784,768
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Grand Total
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$113,217,696
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$9,640,633
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$6,007,188
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$15,647,821
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$12,318,375
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$5,566,704
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$17,885,079
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$110,980,438
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( ) Denotes Red Figure
(A) Includes Accruals totaling $1,034,548 and Deferrals totaling $1,196,070
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 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 "
3 It is not necessary for the County to include in its schedule the "Bonded Indebtedness" 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 fund 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
SCHEDULE D—4
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