778 LAWS OF MARYLAND. [CH. 612

County", sub-title "Budget", as said section was enacted by
Chapter 185 of the Acts of 1939, be and it is hereby repealed
and re-enacted, with amendments, to read as follows:

174C. (a) The budget for the County shall include all
amounts of County funds to be expended for all purposes
during the next ensuing fiscal year and shall classify all such
amounts into four schedules:

(1) "Debt Service" which shall include all payments of
principal and interest to be made during the year on the
County debt;

(2) "Current Expenses" which shall include any antici-
pated deficit for the current year, and all governmental run-
ning expenses and all other ordinary or recurring expendi-
tures except debt service, including a proportionate part of
the estimated election expenses each year, which amount shall
be carried forward to the years when elections are held;

(3) "Capital Improvements" which shall include all ex-
penditures for land, labor, materials and construction other
than "current expenses";

(4) "Emergency Fund" which may amount to not more
than two and one-half per cent (2^/2%) of the aggregate of
the preceding categories and which may be expended only in
accordance with this sub-title.

Each such schedule (except the "Emergency Fund") shall
specify in complete detail the objects, items and amounts
comprising each appropriation to each County agency.

(b) The schedule of anticipated receipts for the County
shall include all moneys to be received during the ensuing
fiscal year from all sources.

(e) "Future Capital Improvements" which shall include
such amount or amounts for future capital improvements
such as school buildings and other public buildings as may be
deemed necessary in order to make unnecessary the issuance
of bonds for such improvements. Any amount or amounts so
included shall be carried forward from year to year until
a sufficient sum has been accumulated for such capital im-
provements as are necessary, and 110 part of said fund or
funds shall be expended for any other purpose than for a
capital improvement.

SEC. 2. And be it further enacted, That this Act shall take
effect June 1, 1943.

Approved May 4, 1943.