THEODORE R. MCKELDIN, GOVERNOR 1763

payment. Nothing in this Act contained or in any amend-
ment thereof, shall be construed to impair the validity of
said bonds above described or the obligation of the Com-
mission and the County to pay the principal and interest
thereof when due and said Commission is hereby directed
to certify annually to the County the amount of money
necessary to pay said principal and interest and also to
apply to such payment all funds in its hands received from
the County for said purpose. In addition, the said Com-
mission is empowered to solicit from the holders of said
bonds, tenders for the redemption thereof prior to matur-
ity, either at, above or below the par value thereof plus
accrued interest, and to purchase said bonds from the
funds so accumulated at the prices offered, provided no
such price shall exceed the par value of said bonds plus
a premium of five per centum (5%) of said par value. In
order to obtain any such tenders, the Commission may
employ any broker, banker or other person or persons,
qualified to obtain the same and may, by public notice or
otherwise, prescribe the terms and conditions under which
it will receive any such tenders.

SEC. 4. And be it further enacted, That a new Section
be and the same is hereby added to Chapter 1008 of the
Laws of Maryland of 1943, said new section to be known
as Section 2-VII-B, to follow immediately after Section
2-VII-A, as amended hereby, and to read as follows:

VII-B. At least thirty (30) days prior to the ends of
the fiscal years of Montgomery and Prince George's
Counties respectively, the Commission shall certify and
submit to the appropriate fiscal officers of said Counties
the Net Unexpended Balances in the hands of the Com-
mission from monies received by the Commission from
the Park Taxes theretofore levied by said Counties respec-
tively as provided in Section 2-VII of this Act. Said Net
Unexpended Balance, for each County, shall be computed
as follows:

The Commission shall deduct from its actual unexpended
cash receipts from said park tax an amount equal to
debt service for the next succeeding fiscal year on bonds
issued by it and outstanding with respect to property
acquired by it in such County, plus an amount equal to
the Commission's fixed obligations under contracts the
first six months of said County's fiscal year, plus the sum
of $200, 000. 00 with respect to Montgomery County and
$150, 000. 00 with respect to Prince George's County. The
difference between said two totals shall be the Net Unex-