Theodore R. McKeldin, Governor         217

Less: Available from Annuity Bond Fund $1,291,226.50
*Debt Requirement on General
Public School Construction
Loan of 1949.............. 1,677,750.00 2,868,976.50.

Total Appropriations from
Special Funds........................ $2,991,876.00

*Provision for debt requirements on this loan is necessary only in the event
the Counties and Baltimore City are not able to meet this obligation from
sufficient annual levies on their taxable basis or from allocable State
Special Funds as stipulated in the Act.

tContigent interest computed at maximum rate of 3% authorized in loan
Acts.

PAYMENTS OF REVENUE TO CIVIL DIVISIONS
OF THE STATE

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

To Baltimore City, the Counties and the Incorporated
Towns af the State: One-half of the estimated receipts
of the Corporation Franchise Taxes, it being the in-
tention that one-half of the actual receipts from
franchise taxes on ordinary business corporations be
distributed to the Counties and Baltimore City and
Incorporated Towns in accordance with the distribu-
tion provided for by the Franchise Tax Laws, whether
the same be more or less than this estimate..........           $175,000.00

To Baltimore City, the Counties and the Incorporated
Towns of the State: The respective shares due them
of the State Tax on Admissions to places of amuse-
ment as per Chapter 601, Acts of 1947, whether the
same be more or less than this estimate..............           $285,325.00

To Baltimore City: Thirty Percent (30%) of the net
receipts entering into the Gasoline Tax Fund (Five
cent (5#) Gasoline Tax), whether the same be more
or less than this estimate...........................$8,632,413.00

To Baltimore City: Thirty Percent (30%) of the net
receipts entering into the Motor Vehicle Revenue
Fund, after deducting from the total of these taxes
the aggregate amount of Special Fund Appropriations
for the following:

Comptroller of the Treasury-Gasoline Tax Division

Department of Motor Vehicles