STATE ROADS COMMISSION—(Continued)

BUDGET OF THE STATE ROADS COMMISSION OF MARYLAND FOR THE BIENNIUM 1942-1943

Account

Number TITLE OF ACCOUNT For the Fiscal Year 1942 For the Fiscal Year 1943
025-2 ONE AND FOUR-TENTHS MILLS (.0014) OF TWO-
CENT (2c.) GASOLINE TAX:

To the State Roads Commission, 100% of all income
produced by deducting from the gross income de-
rived from the 2c. Gasoline Tax, after making
refunds applicable thereto, that yield at the rate
of one and four-tenihs mills (.0014) of such 2c
Gasoline Tax. The proceeds from this source are
to be set over to the use of the State Roads Com-
mission, and so much of the fund as may be
required, shall be expended by it for interest and
the annual payment of principal on Bond obliga-
tions of the State Roads Commission as herein
provided. The remainder of the income, after
providing for annual reserves in accordance with
the Bond Contracts, is to merge with the income
produced by the 2c. Gasoline Tax and net income
from the Commissioner of Motor Vehicles and
Traffic Courts; and 70% of such amount so revert-
ing, is to be expended by the State Roads Com-
mission for general maintenance or reconstruction
of the State System of Roads. The remaining 30%
of the above revenue is to be paid by the Comp-
troller 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 2c. Gasoline
Tax and Income from Commissioner of Motor
Vehicles .................................... $ 430,317.21 $ 444,303.01

The estimated amount not required for debt service
and to merge and consolidate with the 2c. Gasoline
Tax and Commissioner of Motor Vehicles Income,
of which the State Roads Commission's share, at
70%, shall be................................... $301,222.05 $311,012.11

and of which Baltimore City's share, at 30%,

shall be ................................... 129,095.16 430,317.21 133,290.90 444,303.01

Amount required for debt service on State Roads Com-
mission of Maryland Refunding Bonds, $5,358,000,
Issue of 1937................................ None None

The Income from Truck License Fees and Franchise
Taxes is sufficient, for the entire debt service
requirements, so that none of the dedicated fund
of one and f our-tenths mills (.0014) of the 2c.
Gasoline Tax will be used.

GRAND TOTAL* OF BUDGETARY APPROPRIATIONS. $14,811,019.69 $15,185,121.64