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145
STATE OF MARYLAND
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Charges]
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During Fiscal
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Year 1988
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Repayments
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During Fiscal
|
Year 1988
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Project
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Balance
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Balance
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Due From
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Code
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July 1, 1987
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Principal
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Interest (A)
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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, 1988
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Net Worth Certificates:
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Sharon Savings and Loan ............................
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BANASH
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2,965
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2,965
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......
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2,965
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2,965
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Fairfax Savings and Loan ............................
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BANFFX
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377,550
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377,550
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377,550
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377,550
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Gibraltar Savings and Loan ..........................
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BANGIB
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227,107
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227,107
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227,108
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227,108
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(1)
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Ideal Savings and Loan ..............................
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BANIDE
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5,814
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5,814
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5,814
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5,814
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Kent Savings and Loan ..............................
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BANKNT
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8,785
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8,785
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8,785
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8,785
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Liberty Savings and Loan ............................
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BANLIB
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60,177
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60,177
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60,177
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60,177
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BANSHA
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541,653
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541,653
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541,654
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541,654
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(i)
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Total ............................................
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1,224,051
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1,224,051
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1,224,053
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1,224,053
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(?)
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Advances for Capital Improvements:
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Baltimore County ...................................
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123001
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98,220
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......
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98,220
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City of Salisbury....................................
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123002
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6,290
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6,290
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Total ............................................
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104,510
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104,510
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GRAND TOTAL ....................................
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$77,549,896
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$2,846,750
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$5,101,865
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$7,948,615
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$6,812,267
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$5,006,161
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$11,818,428
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$73,680,083
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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 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 partitipation 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 repaying to the
State any such money received during the calendar year 1958 or any snbsquent 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 that County in connection with the funds received. Chapter 86, as above set forth, specifically provides the indebtedness of any County shall not be consider, to be increased
by reason of its receipts after January 1, 1958, of such funds
(A) Includes Accruals totaling $1,212,601.73 and Deferrals totaling $342,156.48.
SUMMARY
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Charges
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During Fiscal Yeay
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1988
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Repayments
|
During Fiscal
|
Year 1988
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|
Balance
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|
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|
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Balance
|
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Due From
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July 1, 1987
|
Principal
|
Interest
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Total
|
Principal
|
Interest
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Total
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June 30, 1988
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General Public School Construction Loans:
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Counties:
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$ 362,062
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$ 25,823
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$ 25,823
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$ 70,591
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$ 25,814
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$ 96,405
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$ 291,480
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Caroline ...........................................
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396,151
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33,086
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33,086
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26,502
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32,477
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58,979
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370,258
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Dorchester.........................................
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132,679
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12,121
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12,121
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8,656
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11,532
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20,188
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124,612
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Harford ...........................................
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132,840
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11,960
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11,960
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8,656
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11,532
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20,188
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124,612
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Howard ...........................................
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(3)
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. . ...
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3
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3
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......
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......
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Montgomery .......................................
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568,171
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$1,725 011
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80,876
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1,805,887
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582,336
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81,005
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663,341
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1,710,717
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Prince George's ....................................
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875,995
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58739
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57,159
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115,898
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374,395
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70,638
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445,033
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546,860
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Queen Anne's ......................................
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523,511
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50,342
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50,342
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33,095
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50,337
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83,432
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490,421
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Wicomico ..........................................
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431,215
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.. ...
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35,891
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35,891
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28,781
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35,463
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64,244
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402,862
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Baltimore City .......................................
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9,897,105
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......
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766,841
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766,841
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3,265,406
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647,550
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3,912,956
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6,750,990
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Total ............................................
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13,319,726
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1,783,750
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1,074,102
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2,857,852
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4,398,418
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966,348
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5,364,766
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10,812,812
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New Marsh Wholesale Produce Market Authority
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Loan of 1957 .......................................
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795,005
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795,005
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Area Redevelopment Loan of 1962 ......................
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106,893
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4,391
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4,391
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17,539
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4,455
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21,994
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89,290
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Airport Development Program and Construction
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Loan of 1964.......................................
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85,768
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2,026
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2,026
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20,042
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2,511
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22,553
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65,241
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Hospital Construction Loan of 1964 .....................
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33,416,151
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1,322,998
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1,322,998
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1,197,706
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1,340,178
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2,537,884
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32,201,265
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Greater Baltimore Consolidated Wholesale Food
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Market Loan of 1967 ................................
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5,576,990
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......
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5,576,990
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Airport Development Program and Construction
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Loan of 1968. ......................................
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1,779
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......
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63
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63
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315
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74
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389
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1,453
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Water Quality Loan of 1968 ...........................
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6,826,001
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355,734
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355,734
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220,563
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360,361
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580,924
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6,600,811
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General Public Regional Community College
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Construction Loan of 1969 ...........................
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78,147
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8,686
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3,686
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17,481
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4,196
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21,677
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60,156
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General Construction Loan of 1969 .....................
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4,247,411
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206,535
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206,535
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323,947
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216,400
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540,347
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3,913,599
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General Construction Loan of 1971 .....................
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65,000
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......
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......
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5,000
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......
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5,000
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60,000
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Provident Hospital Loan of 1971. .......................
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1,420,646
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66,444
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66,444
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27,869
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66,561
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94,430
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1,392,660
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Anne Arandel County Water Loan of 1972 ..............
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1,481,300
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64,464
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64,464
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214,998
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68,793
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283,791
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1,261,973
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747,596
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......
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43,094
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43,094
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130,698
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39,639
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170,337
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620,353
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Water Quality Loan of 1974 ...........................
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7,997,131
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600,000
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559,041
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1,059,041
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176,505
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570,951
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747,456
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8,308,716
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General Construction Loan of 1981 .....................
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861,735
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79,544
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79,544
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61,186
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81,937
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143,123
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798,156
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Chesapeake Bay Water Quality Loan of 1984 .............
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418,107
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563,000
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95,692
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658,692
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59,704
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59,704
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1,017,095
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Net Worth Certifaetes ................................
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......
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1,224,051
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1,224,051
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1,224,053
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1,224,053
|
(2)
|
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Advances for Capital Improvements .....................
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104,510
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......
|
......
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|
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104,510
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Grand Totals .......................................
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$77,549,896
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$2,846,750
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$5,101,865
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$7,948,615
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$6,812,267
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$5,006,161
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$11,818,428
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$73,680,083
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SCHEDULE D-4
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