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147
STATE OF MARYLAND
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Charges
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during Fiscal "i
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'ear 1989
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Repayment!
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5 During Fisca
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Year 1989
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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, 1988
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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, 1989
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Beach Erosion Control Loan of 1987:
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Ocean City .........................................
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860001
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1,250,000
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1,250,000
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1,250,000
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Worcester County ..................................
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860002
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1,250,000
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1,250,000
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1,250,000
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Total ............................................
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2,500,000
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2,500,000
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2,500,000
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Net Worth Certificates:
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BANASH
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1,568
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1,568
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1,486
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1,486
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82
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BANGIB
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(1)
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......
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151,405
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151,405
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......
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56,308
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56,308
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95,096
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Liberty Savings and Loan ............................
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BANLIB
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59,846
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59,846
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......
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59,680
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59,680
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166
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BANSKA
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(1)
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246,069
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246,069
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229,565
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229,565
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16,503
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Total ............................................
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(2)
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458,888
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458,888
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347,039
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347,039
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111,847
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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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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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$73,680,034
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$3,680,000
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$3,616,033
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?7,296,033
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$6,729,913
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$ 3,696,085
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$10,425,998
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$70,550,069
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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 195S 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 participa-
tion 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 subequent 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 considered to be increased
by reason of its receipts after Januery 1, 1958, of such funds
(A) Includes Accruals totaling- $1,169,874 and Deferrals totaling $212,960.
SUMMARY
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Charges
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During Fiscal Y
|
ear 1989
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Repaymen
|
ts During Fiscal
|
Year 1989
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|
|
|
Balance
|
|
|
|
|
|
|
Balance
|
|
Due From
|
July 1, 1988
|
Principal
|
Interest
|
Total
|
Principal
|
Interest
|
Total
|
June 30, 1989
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General Public School Construction Loans:
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Counties:
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Baltimore ..........................................
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$ 291,481
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? 22,537
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? 22,537
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? 139,727
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$ 42,486
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? 182,213
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? 131,805
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Caroline ...........................................
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370,258
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30,609
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30,609
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28,222
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30,240
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58,462
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342,405
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124,611
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11,307
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11,307
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8,656
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10,831
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19,487
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116,431
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Harford ...........................................
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124,611
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11,307
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11,307
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8,656
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10,831
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19,487
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116,431
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Montgomery .......................................
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1,710,716
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21,462
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21,462
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376,902
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21,449
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398,351
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1,333,827
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Prince George's ....................................
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546,859
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40,259
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40,259
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110,765
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39,763
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150,528
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436,590
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Queen Anne's ......................................
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490,422
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46,965
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46,965
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36,125
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46,959
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83,084
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454,303
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Wicomico ..........................................
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402,861
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33,516
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33,516
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30,531
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33,040
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63,571
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372,806
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6,750,993
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586,353
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586,353
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3,480,406
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459,660
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3,940,066
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3,397,280
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Total ............................................
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10,812,812
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804,315
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804,315
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4,219,990
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695,259
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4,915,249
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6,701,878
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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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89,291
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3,613
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3,613
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18,345
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3,651
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21,996
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70,908
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Airport Development Program and Construction
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Loan of 1964. ......................................
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65,238
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1,411
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1,411
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20,643
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1,911
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22,554
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44,095
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Hospital Construction Loan of 1964 .....................
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32,201,262
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950,608
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950,608
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1,245,706
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1,292,176
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2,537,882
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30,613,988
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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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5,576,990
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Airport Development Program and Construction
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Loan of 1968 .......................................
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1,451
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49
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49
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328
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61
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389
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1,111
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Water Quality Loan of 1968 ...........................
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6,600,788
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343,563
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343,563
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222,482
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333,814
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556,296
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6,388,055
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General Public Regional Community College
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60,156
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2,692
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2,692
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18,466
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3,231
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21,697
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41,151
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General Construction Loan of 1969 .....................
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3,913,598
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189,010
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189,010
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340,954
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199,393
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540,347
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3,562,261
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General Construction Loan of 1971 .....................
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60,000
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5,000
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5,000
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55,000
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Provident Hospital Loan of 1971. . ......................
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1,392,653
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......
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(37,300)
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(37,300)
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29,308
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65,123
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94,431
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1,260,922
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Anne Arundel County Water Loan of 1972 ...............
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1,261,973
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54,073
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54,073
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225,184
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58,607
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283,791
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1,032,255
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Municipal Government Loan of 1974 ....................
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620,349
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37,464
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37,464
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13,371
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3,965
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17,336
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640,477
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Water Quality Loan of 1974 ...........................
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8,308,709
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* 430,000
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628,542
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1,058,542
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304,116
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594,727
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898,843
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8,468,408
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General Construction Loan of 1981 .....................
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798,156
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74,513
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74,513
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66,020
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77,103
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143,123
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729,546
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Water Quality Loan of 1983 ...........................
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750,000
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32,319
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782,319
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782,319
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Chesapeake Bay Water Quality Loan of 1984 .............
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1,017,095
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72,273
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72,273
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20,025
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20,025
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1,069,343
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|
Beach Erosion Control Loan of 1987 ....................
|
|
2,500,000
|
|
2,500,000
|
|
|
|
2,500,000
|
|
Net Worth Certificates ................................
|
(2)
|
|
458,888
|
458,888
|
|
347,039
|
347,039
|
111,847
|
|
Advances for Capital Improvements .....................
|
104,510
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|
|
|
|
|
|
104,510
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Grand Totals .......................................
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573,680,034
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$3,680,000
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f3,616,063
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$7,296,033
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$6,729,913
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$3,696,085
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$10,425,998
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$70,550,069
|
SCHEDULE D-4
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