206                              Laws of Maryland                        [Ch. 80

(b)  Upon receipt of the certified statement as specified in sub-
paragraph (a) of this sub-section, the State Board of Education
shall make a written finding of fact which shall be addressed to the
Board of Public Works, said finding of fact to be in the form of a
recommendation to the Board of Public Works advising said Board
which of the requests for financial assistance made by any of the
counties or made by the City of Baltimore, as aforesaid, should be
allowed and which of such requests for financial assistance should
be denied. In making the aforesaid finding of fact, the State Board
of Education shall, at the request of the Board of Public Works,
determine a priority of need for school buildings as between any
county in the State or as between any county in the State and the
City of Baltimore. 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 service 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 coun-
ties 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 applying 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 application for
financial assistance made by any of the counties or made by the
€ity 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
repaid, together with interest and carrying charges, within fifteen
(15) years from the date of the signing of said agreement; (2) each

«of the Counties and the City of Baltimore, as the case may be, shall