STATE ROADS COMMISSION—(Concluded)

BUDGET FOR THE STATE ROADS COMMISSION OF MARYLAND

	FOR THE BIENNIUM 1948-1949
Account		GOVERNOR'S ALLOWANCE
Number	Account Title	For the Fiscal Year 1948	For the Fiscal Year 1949
	come derived from the Two Cent (2c.) Gasoline
	Tax, after making refunds applicable thereto, that
	yield at the rate of One and Four-Tenths Mills
	($.0014) of such Two Cent (2c.) Gasoline Tax.
	The proceeds from this source are to be set over
	to the use of the State Roads Commission, and so
	much of the funds as may be required, shall be
	expended by it for interest and the annual pay-
	ment of principal on Bond obligations of the State
	Roads Commission as herein provided. The re-
	mainder of the income is to merge with the income
	produced by the Two Cent (2c. ) Gasoline Tax
	and net income from the Department of Motor Ve-
	hicles and Traffic Courts, and 70% of such amount
	so reverting, is to be expended by the State Roads
	Commission for general maintenance or reconstruc-
	tion of the State System of Roads. The remain-
	ing 30% of the above revenue is to be paid by the
	Comptroller of the Treasury to Baltimore City at
	the close of each fiscal year, and is to be applied
	by Baltimore City in the same manner as the City's
	proportionate share of 30% of the Two Ce.nt (2c.)
	Gasoline Tax and Income from Department of
	Motor Vehicles ..............................	$486 570.00	$499,905.00
	The estimated, amount not required for Debt Service
	and to merge and consolidate with the Two Cent
	(2c.) Gasoline Tax and Department of Motor Ve-
	hicles Income, of which the State Roads Commis-
	sion's share, at 70%, is expected to be...........	$340,599.00	$349,933.50
	and of which Baltimore City's share, at 30%, is
	expected to be ...............................	145,971.00 486,570.00	149,971.50 499,905.00 . .
	Amount required for Debt Service on State Roads
	Commission of Maryland Refunding and Improve-
	ment Bonds, Issue of $11,000,000, authorized by
	Chapter 884 of the Acts of 1941 ................	None	None
	Amount required for Debt Service on State Roads
	Commission of Maryland Chesapeake Bay Ferry Improvement Bonds ..........................	$ 117,750.00	$ 117,750.00
	GRAND TOTAL OF BUDGETARY
	APPROPRIATIONS ..............	$15,6785123.95	$16,050,248.96

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