1182 LAWS OF MARYLAND. [CH. 488

as between any county in the State and the City of Balti^
more. No grant of financial assistance as provided for in
this Act shall be allowed until such grant has been finally
ratified and approved by the Board of Public Works. The
decision of the Board of Public Works in this regard shall
be in such form as the said Board shall deem advisable and
proper and shall be final and conclusive upon all parties
concerned.

(c) The amount of financial assistance granted to any
county or to the City of Baltimore under the terms and
conditions of this Act shall in no case exceed an amount
calculated as follows:

(1) There shall first be determined and allocated to each
county which applies for financial assistance under this
Act or to the City of Baltimore if said City applies for
financial assistance under this Act an amount equal to
ninety percent (90%) of the total funds distributed to said
county or to said City, as the case may be, under applicable
provisions of State law relating to the income tax, the tax
on racing, the recordation tax, the tax on amusements, the
license tax and the incentive fund for school buildings.

(2) There shall next be determined the total amount of
State debt which could be serviced at prevailing debt serv-
ice cost by the amount allocable to each of the counties and
to the City of Baltimore, as more specifically provided in
the last preceding sentence of this sub-paragraph.

(3) The amount of total State debt allocable to each
of the counties and to the City of Baltimore, as provided
in the last preceding sentence of this sub-paragraph, shall
be the limit of participation for each of the counties apply-
ing for financial assistance under the terms of this Act and
for the City of Baltimore if said City applies for financial
assistance under the terms of this Act.

(4) The calculations more particularly outlined in this
sub-paragraph shall be made as of the date when the appli-
cation for financial assistance made by any of the counties
or made by the City of Baltimore has been received by the
State Board of Education.

(d) Each of the Counties and the City of Baltimore
whose request for financial assistance has been allowed, as
provided in sub-paragraph (b) of this sub-section (but as
limited by sub-paragraph (c) of this sub-section), shall
execute and acknowledge in a manner according to law an
agreement which shall specify that: (1) the amount of
financial assistance allowed, as provided herein, shall be