THEODORE R. MCKELDIN, GOVERNOR                           191

have been abandoned. If the total loan authorized herein shall have
been issued within two years from the effective date of this Act, then
the amount specified herein for said abandoned project shall be trans-
ferred to the Annuity Bond Fund and shall be applied to the debt
service requirements of the State. If, however, the total loan author-
ized herein shall not have been issued within two years from the
effective date of this Act, then the total issuable Certificates of In-
debtedness authorized herein shall be reduced by the amount specified
herein for said abandoned project.

Sec. 9. 8. And be it further enacted, That for 'the purpose of the
payment of the principal of and the interest on the Bonds or Certifi-
cates of Indebtedness issued under the provisions of this Act as the
same become due and payable, the Department of Employment Secur-
ity shall pay annually into the Annuity Bond Fund that part of the
sum of money granted to the said Department of Employment
Security by the United States Department of Labor as rental for the
building or buildings purchased or constructed for the use of the
Department of Employment Security by use of funds obtained under
the provisions, of this Act, as shall be required to make the principal
and interest payments due in that year.

SEC. 10. 9. And be it further enacted, That in addition, there shall
be and is hereby levied and imposed an annual State tax on each one
hundred dollars of assessable property at a rate to be determined in
the following manner: on or before December 1, 1958, and on or
before December 1 in each calendar year thereafter, the Board of
Public Works shall certify to the governing bodies of each of the
counties and of Baltimore City the rate of State tax on each one
hundred dollars of assessable property necessary to produce revenue
to meet all interest and principal, if any, which will be payable to
the close of the next ensuing calendar year on all bonds or Certifi-
cates of Indebtedness theretofore issued, or theretofore authorized by
resolution of the Board of Public Works to be issued, under provi-
sions of this Act, and the governing bodies of each of the Counties
and Baltimore City shall forthwith levy and collect such tax at such
rate.

Provided, however, that the levy or levies provided for in this
section shall not be made and the said tax or taxes shall not be col-
lected in any year if before December 1 of the preceding year or
before December 1 of any succeeding year thereafter, the Board of
Public Works shall ascertain as a fact upon a certified statement
rendered to such Board by the State Comptroller that all payments
of principal and interest due and payable in that preceding year on
the bonds or Certificates of Indebtedness issued pursuant to this Act
have been paid and that funds sufficient to meet all payments of
principal and interest due and payable on such bonds in the said
current year have been received and set aside for that purpose in
the Annuity Bond Fund, from the proceeds of the payments into
the Annuity Bond Fund which are provided for in Section 9 8 of this
Act. Upon the ascertainment of such fact by the Board of Public
Works, the Governor shall, by proclamation issued pursuant to reso-
lution of the Board of Public Works, publicly declare that the State
taxes provided for in this section shall not be levied or collected in
the said current year.