HERBERT R. O'CONOR, GOVERNOR. 1303

THE PUBLIC DEBT OF MAEYLAND

Acct. Governor's Allowance
No. 1946 1947
OBJECT OF EXPENDITURE

v 1 Interest and Redemption Requirements on ex-
isting Public Debt of the State:

Interest .................................. $649,268.75 $514,425.00

Redemption ............................. 4,196,000.00 4,007,000.00

Totals................................... $4,845,268.75 $4,521,425.00

Less: Available surplus in Annuity Bond Fund

predicated upon 11< tax rate.............. 800,110.75 469,690.75

Required from current taxation.......... $4,045,158.00 $4,051,734.25

PAYMENT OF EEVENUE TO CIVIL DIVISIONS OF THE STATE

The following appropriations "are made from the Special Funds of the State:

Governor's Allowance
Item 1946 1947

1. To Baltimore City: Thirty Percent (30%) of the net
receipts of income from the Department of Motor
Vehicles, exclusive of Truck License Pees 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 Twenty Percent (20%) 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 aggre-
gate amount appropriated by this budget to th°
use of the Department of Motor Vehicles, appropria-
tion to the Department of Maryland State Police,
appropriation to the Traffic Courts................ $1,029,108.29 $1,135,198.18

The aggregate share of Baltimore City in the taxes
shown immediately above, is appropriated and
dedicated to its use and 50% thereof shall be ap- "' .
plied and used for maintaining all streets, roads
and bridges within the corporate limits of Balti-
more City. The remaining 50% is to be applied and
expended in the construction of new streets, high-
ways and bridges on the street and highway system,

—----and/or to the reconstruction, betterment, surface

replacement and repair of existing streets and high- '
ways; provided, however, that Baltimore City shall
report to the State Roads Commission each three