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STATE OF MARYLAND
151
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|
|
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Charges
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During Fiscal
|
Year 1987
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Repayments
|
During Fiscal
|
Year 1987
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|
|
|
Project
|
Balance
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|
|
|
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Balance
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|
Due From
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Code
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July 1, 1986
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Principal
|
Interest (A)
|
Total
|
Principal
|
Interest
|
Total
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June 30, 1987
|
|
Town of Delmar ....................................
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816231
|
27,538
|
|
2,238
|
2,238
|
304
|
2,240
|
2,544
|
27,232
|
|
Town of Fruitland ..................................
|
816232
|
8,090
|
|
595
|
595
|
159
|
1,222
|
1,381
|
7,304
|
|
Valley Road Bowman Addition........................
|
816234
|
350,116
|
|
28,330
|
28,330
|
3,853
|
28,369
|
32,222
|
346,224
|
|
Town of Sharptown .................................
|
816235
|
92,201
|
.... .
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7,462
|
7,462
|
1,015
|
7,473
|
8,488
|
91,175
|
|
Town of Emmitsburg................................
|
816236
|
10,355
|
|
783
|
783
|
204
|
1,572
|
1,776
|
9,362
|
|
Town of Oakland ...................................
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816239
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885,808
|
|
31,184
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31,184
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|
31,184
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31,184
|
385,808
|
|
Garrett County-Deep Creek Lake .....................
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816240
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149,776
|
|
16,427
|
16,427
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140,183
|
16,524
|
156,707
|
9,496
|
|
Town of Fruitland ..................................
|
816241
|
238,481
|
|
20,325
|
20,325
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1,906
|
20,462
|
22,368
|
236,438
|
|
Harford County-Sod Run ............................
|
816242
|
516,467
|
|
45,858
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45,858
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4,266
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45,998
|
50,264
|
512,061
|
|
Town of Betterton ..................................
|
816243
|
25,161
|
|
2,226
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2,226
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208
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2,233
|
2,441
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24,946
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|
Town of Indian Head ................................
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816244
|
161,472
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|
19,677
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19,677
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156,325
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19,721
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176,046
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5,103
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|
Town of Snow Hfll ..................................
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816245
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329,790
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|
29,183
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29,183
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2,727
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29,281
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32,008
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326,965
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|
Town of Bowling Green..............................
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816246
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57,398
|
.... .
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4,536
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4,536
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4,536
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4,536
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57,398
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|
Town of Cresaptown ................................
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816247
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35,749
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2,825
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2,825
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2,825
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2,825
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35,749
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|
Garrett County-Gorman Sewage Facilities ..............
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816248
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27,376
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4,334
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4,334
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27,488
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2,086
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29,574
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2,136
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|
Dorchester County- JacktownLovejoy...................
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816249
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74,982
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6,134
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6,134
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81,116
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Town of Grantsville .................................
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816250
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315,565
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24,003
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24,003
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......
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24,003
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24,003
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315,565
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|
Town of Chesapeake Beach ..........................
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816251
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82,006
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6,306
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6,306
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6,306
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6,306
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82,006
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|
Town of Millington..................................
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816252
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44,926
|
.... .
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3,729
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3,729
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3,729
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3,729
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44,926
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|
Town of Poolesville .................................
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816253
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105,283
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8,825
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8,825
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8,825
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8,825
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105,283
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|
Town of Cresaptown ................................
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816254
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16,399
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2,794
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2,794
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1,440
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1,440
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17,753
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Town of Aberdeen ..................................
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816255
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14,032
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|
335
|
335
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14,082
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335
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14,367
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Town of Preston....................................
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816256
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134,2%
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18,797
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18,797
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11,793
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11,793
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141,300
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Tilghman Island ....................................
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816257
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500,000
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|
65551
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65,551
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43,905
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43,905
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521,646
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Garrett County Sanitary District ......................
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816259
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60,284
|
7018
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67,302
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60,284
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3,265
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63,549
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3,753
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St. Mary's County - Piney Point ......................
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816260
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......
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225,000
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. . ...
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225,000
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|
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225,000
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La Vale Sanitary Commission ........................
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816261
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117,200
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117,200
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|
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117,200
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|
Garrett County Sanitary District ......................
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816262
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......
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56,760
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56,760
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|
|
......
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56,760
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Town of Fruitland ..................................
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8162AA
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24,316
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|
2,118
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2,118
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2,118
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2,118
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24,316
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Corporation of Woodsboro ...........................
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8162AB
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12,533
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12,533
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2,201
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2,201
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10,332
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Total............................................
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8,335,192
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471,777
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655,258
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1,127,035
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846,642
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618,454
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1,465,096
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7,997,131
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General Construction Loan of 1981:
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|
|
|
|
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|
|
|
|
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830311
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920,666
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|
84,192
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84,192
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56,721
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86,402
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143,123
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861,735
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Chesapeake Bay Water Quality Loan of 1984:
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|
|
|
|
|
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August J. Naumann, Jr..............................
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841901
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150,000
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21,602
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171,602
|
|
13,172
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13,172
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158,430
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Allied Metal Finishing Co............................
|
841902
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150,000
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21,602
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171,602
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|
13,172
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13,172
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158,430
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|
Mid- Atlantic Finishing Co............................
|
841903
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160,066
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10,028
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10,028
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|
8,781
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8,781
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101,247
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Total ............................................
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100,000
|
300,000
|
53,232
|
353,232
|
......
|
35,125
|
35,125
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418,107
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|
Net Worth Certificates:
|
|
|
|
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|
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Sharon Savings and Loan ............................
|
BANASH
|
735
|
|
2,214
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2,214
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|
2,949
|
2,949
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|
|
Fairfax Savings and Loan ............................
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BANFFX
|
202,500
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609,750
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609,750
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812,250
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812,250
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|
Gibraltar Savings and Loan ..........................
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BANGIB
|
56,308
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|
169,548
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169,548
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|
225,856
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226,856
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|
Ideal Savings and Loan ..............................
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BANIDE
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3,096
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|
9,322
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9,322
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|
12,418
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12,418
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|
|
Kent Savings and Loan ..............................
|
BANKNT
|
3,483
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|
10,488
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10,488
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|
13,971
|
13,971
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|
|
Liberty Savings and Loan ............................
|
BANLIB
|
|
|
22,215
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22,215
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|
22,215
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22,215
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|
Ashburton Savings and Loan .........................
|
BANSHA
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|
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540,153
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540,153
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|
540,153
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540,153
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Total ............................................
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|
266,122
|
......
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1,363,690
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1,363,690
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|
1,629,812
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1,629,812
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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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123001
|
98,220
|
|
|
|
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|
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98,220
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|
City of Salisbury....................................
|
123002
|
6,290
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|
|
|
|
|
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6,290
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Total ............................................
|
|
104,510
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|
|
|
|
|
|
104,510
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|
GRAND TOTAL ....................................
|
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$83,254,978
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$2,215,475
|
£5,688,104
|
$7,903,579
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$7,694,932
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$5,913,729
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$13,608,661
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$77,549,896
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SCHEDULE D-4
() 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 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 subsquent 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 Indebtedness amounts received by it after January 1, 1958, from the State School Construction Program since there are
no bonds issued by that 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 1,1958, of such funds
(A) Includes accruals totaling $1,231,970.83 and deferrals totaling $477,002.04
3.
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