|
STATE OF MARYLAND
154
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|
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Charges
|
During Fiscal Year
|
1986
|
Repayments
|
During Fiscal
|
Year 1986
|
|
|
Due From
|
Project
|
Balance
|
|
|
|
|
|
|
Balance
|
|
|
Code
|
July 1, 1985
|
Principal
|
Interest (A)
|
Total
|
Principal
|
Interest
|
Total
|
June 30, 1986
|
|
General Construction Loan of 1981
|
|
|
|
|
|
|
|
|
|
|
Historic Annapolis, Inc
|
830310
|
600,000
|
(600,000) (B)
|
|
(600,000)
|
|
|
|
|
|
Workmens' Compensation Commission
|
830311
|
983,091
|
|
80,698
|
80,698
|
90,526
|
52,597
|
143,123
|
920,666
|
|
Total
|
|
1,583,091
|
(600,000)
|
80,698
|
(519,302)
|
90,526
|
52,597
|
143,123
|
920,666
|
|
Chesapeak Bay Water Quality Loan of 1984
|
|
|
|
|
|
|
|
|
|
|
Mid-Atlantic Finishing Co
|
841903
|
|
100,000
|
|
100,000
|
|
|
|
100,000
|
|
Net Worth Certificates
|
|
|
|
|
|
|
|
|
|
|
Sharon Savings and Loan
|
BANASH
|
|
|
735
|
735
|
|
|
|
735
|
|
Fairfax Savings and Loan
|
BANFFX
|
|
|
202,500
|
202,500
|
|
|
|
202,500
|
|
Gibraltar Savings and Loan
|
BANGIB
|
|
|
56,308
|
56,308
|
|
|
|
56,308
|
|
Ideal Savings and Loan
|
BANIDE
|
|
|
3,096
|
3,096
|
|
|
|
3,096
|
|
Kent Savings and Loan
|
BANKNT
|
|
|
3,483
|
3,483
|
|
|
|
3,483
|
|
Total
|
|
|
|
266,122
|
266,122
|
|
|
|
266,122
|
|
Advances for Capital Improvements
|
|
|
|
|
|
|
|
|
|
|
Baltimore County
|
123001
|
98,220
|
|
|
|
|
|
|
98,220
|
|
City of Salisbury
|
123002
|
6,290
|
|
|
|
|
|
|
6,290
|
|
Total
|
|
104,510
|
|
|
|
|
|
|
104,510
|
|
GRAND TOTAL
|
|
$89,748,500
|
$1,416,049
|
$4,994,227
|
$6,410,276
|
$8,893,431
|
$4,010,367'
|
$12,903,798
|
$83,254,978
|
( ) Denotes Deficit
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, or money
from participation by such political subdivision in the General Public School Construction Loan of 1956 authorized by Chapter 80 of the Laws of 1956, or any similar act passed or to be
"hereafter passed "
2 The participating Counties are not obliged to levy taxes m 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 theat 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 in-
creased
(A) Includes Accruals totaling $1,225,445,50 and Deferrals totaling $601,790 71
(B) Chapter 286 of the Acts of 1986 amended this repayable to make it a grant
SCHEDULE D-4
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