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Session Laws, 1947
Volume 411, Page 1218   View pdf image (33K)
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1218 LAWS OF MARYLAND. [CH. 514
THE PUBLIC DEBT OF MARYLAND

OBJECT OF EXPENDITURE

   

Acct.

   

No.

1948

1949

1 Interest and Redemption Requirements on exist-

   

ing Public Debt of the State:

   

Interest ......................................

484,666.25

373,277.50

Redemption ..................................

3,786,000.00

3,580,000.00

Total Appropriations from Special Funds....

4,270,666.25

3,953,277.50

PAYMENT OF REVENUE TO CIVIL DIVISISIONS

OF THE

STATE

The following appropriations are made from the Special

Funds of the

State:

Item

1948

1949

1 To Baltimore City: Thirty percent (30%) of the

   

net receipts of income from Department o£ Motor

   

Vehicles, exclusive of Truck License Fee and

   

Franchise Taxes, together with thirty percent

   

(30%) of the remainder of the latter tax after

   

the payment of Debt Service on State Roads Com-

   

mission of Maryland Refunding and Improvement

   

Bonds, and thirty percent (30%) of the net re-

   

ceipts of income from the Department of Motor

   

Vehicles, derived from Fines and Forfeitures,

   

after deducting from the total of these taxes, the

   

aggregate amount appropriated by this budget to

   

the use of the Department of Motor Vehicles, ap-

   

propriation to the Department of Maryland State

   

Police, and appropriation to the Traffic Courts...

1,344,864.10

1,361,086.94

The aggregate share of Baltimore City in the

   

taxes shown immediately above, is appropriated

   

and dedicated to its use, and fifty percent (50%)

   

thereof shall be applied and used for maintaining

   

all streets, roads and bridges within the corporate

   

limits of Baltimore City. The remaining fifty per-

   

cent (50%) is to be applied and expended in the

   

construction of new streets, highways and bridges

   

on the street and highway system, and/or to the

   

reconstruction, betterment, surface replacement

   

and repair of existing streets and highways, pro-

   

vided, however, that Baltimore City shall report

   

to the State Roads Commission each three months

   

the manner in which, and the project or location

   

on which, funds from these appropriations have

   

been used or are being applied.

   


 

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Session Laws, 1947
Volume 411, Page 1218   View pdf image (33K)
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