AMENDMENT NO. 8 TO SENATE BILL NO. 215
|
|
1948
|
1949
|
|
The combined net products of the aforesaid revenues shall
|
|
|
|
be received and administered by the State Roads Com-
|
|
|
|
mission as a Construction Fund, subject, however, to
|
|
|
|
the prior and continuing pledge — until no longer re-
|
|
|
|
quired — of such part thereof as may be necessary for:
|
|
|
|
(a) Preserving the annual tax laid by Section 140-K of
|
|
|
|
Article 89B, as enacted by Chapter 856 of the
|
|
|
|
Acts of 1941, and described therein as part of
|
|
|
|
the State Roads Commission's share of the One-
|
|
|
|
half Cent (1/2c.) Gasoline Tax.
|
|
|
|
(b) Preserving that portion of the annual tax laid by
|
|
|
|
Section 147-E of Article 89B, as enacted by
|
|
|
|
Chapter 884 of the Acts of 1941, and described
|
|
|
|
therein as part of the One and four-tenths Mills
|
|
|
|
($.0014) of the Two Cent (2c) Gasoline tax.
|
|
|
|
(c) Preserving the annual tax laid by Section 140-T
|
|
|
|
of this Article as enacted by Chapter 755 of the
|
|
|
|
Acts of 1945. and described therein as the State
|
|
|
|
Roads Commission's share of the One-half Cent
|
|
|
|
(1/2c.) Grade Elimination Gasoline Tax.
|
|
|
|
(d) .To the extent required for Debt Service on State
|
|
|
|
Highway Construction Bonds, pursuant to Sec-
|
|
|
|
tions 147-G to 147-P, both inclusive, of Article
|
|
|
|
89B, to be enacted at the 1947 Session of the
|
|
|
|
General Assembly.
|
|
|
|
(e) The establishment of a Construction Fund for the
|
|
|
|
construction or reconstruction of a project or
|
|
|
|
projects as more particularly described in the
|
|
|
|
Bill.
|
|
|
|
The amounts named herein are computed as estimates
|
|
|
|
only, it being the intention that these Appropriations
|
|
|
|
shall be One Hundred Percent. (100%) of the net
|
|
|
|
revenue aforesaid, and it being further the intention
|
|
|
|
that should the proceeds of this tax exceed the respec-
|
|
|
|
tive amounts herein set forth, then such excess shall
|
|
|
|
not revert to the General Fund of the State, but shall
|
|
|
|
be applied and administered for those purposes and in
|
|
|
|
like manner as the sums hereby requested.
|
|
|
|
GASOLINE TAX FUND FOR USE OF THE COUNTIES
|
|
|
|
To the State Roads Commission for the use of the twenty-
|
|
|
|
three (23) Counties and Municipalities, the net pro-
|
|
|
|
ceeds of Twenty Percedt. (20%) (after Refund exemp-
|
|
|
