DEBT—PUBLIC 1355

Statements of Financial Condition.

1935, ch. 355, sec. 6.

7. It shall be the duty of every Treasurer, or, if there be no Treasurer,
of every other authorized financial officer of every county, municipal or
public corporation, special district and/or political sub-division of this
State, which has heretofore been or shall hereafter be authorized by any
law or laws of this State to incur any indebtedness redeemable from the
proceeds of any general or special tax or other levy, to file with the Board
of Public Works of the State of Maryland, at least once in each and every
year, a comprehensive statement of the financial 'condition of said county,
municipal or public corporation, special district and/or political sub-divi-
sion, said statement to be in such form as may be prescribed by said Board
and to disclose so much of the following information with regard to the
financial condition of said county, municipal or public corporation, special
district and/or political sub-division, as shall be applicable thereto: (a)
The assessed valuation of all taxable, tangible and intangible property;
(b) The total. indebtedness, which shall be sub-divided into (I) bonded
indebtedness redeemable from the proceeds of general ad valorem taxes,
(II) self-liquidating bonded indebtedness, specifying the amount of the
indebtedness for each such self-liquidating project and the source of reve-
nue for the liquidation of such indebtedness, (III) temporary or floating
indebtedness and/or obligations incurred in anticipation of tax collections,
(IV) current bills payable, (V) any contingent liabilities resulting from
the guarantee of any of the obligations of some other political sub-division
or public corporation of this State; (c) A statement as to any sinking
funds maintained for the retirement of any bonded indebtedness or other
obligations, showing the amount thereof, how such funds are invested, and
the obligations for which such sinking funds were established; (d) The
amount of the tax levy for the fiscal year for which such statement is made,
together with the amount of such levy actually collected, itemizing sepa-
rately the amount of any special assessments levied and the amount thereof
collected; (e) The tax levies for the three fiscal years next preceding the
fiscal year for which the statement is made, together with the amount of
the uncollected taxes still outstanding for each such fiscal year; (f) The
population according to the most recent Federal census, together with any
official or unofficial estimates of the population for the year in which the
statement is made; (g) Such other information with regard to the financial
affairs of any such county, municipal or public corporation, special district
and/or political sub-division, as may seem to the Board of Public Works
to be pertinent to any of the aforegoing or as may seem to said Board to
be appropriate and necessary in order to show accurately the true financial
condition of any such county, municipal or public corporation, special
district and/or political sub-division.

1935, ch. 355, sec. 7.

8. The Board of Public Works shall cause to be printed and shall have
always available, copies of the form which it may prescribe for the state-
ments of financial condition required by Section 7 of this Article, and
shall cause the same to be distributed to the respective. Treasurers or
other authorized financial officers. of the several counties, municipal or
public corporations, special districts and/or political sub-divisions of this
State, at or before the end of the fiscal year of each of the said counties,