12                                 LAWS OF MARYLAND                           [CH. 5

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.

Provided further, however, that the levy or levies provided under
this section to be made in any year shall be made only in part, and
the said tax or taxes shall be collected only in part, if before Decem-
ber 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 Comp-
troller that part but not all of the payments of principal and interest
due and payable in that preceding year on the bonds or Certificates
of Indebtedness issued pursuant to this section have been paid, or
that part but not all of the funds required to meet all payments of
principal and interest due on such bonds or Certificates of Indebted-
ness in the said current year have been received and set aside for that
purpose, from the proceeds of the payments into the Annuity Bond
Fund which are provided for in Section 9 8 of this Act. In such event,
and upon the ascertainment of such fact by the Board of Public
Works, the Governor shall by proclamation issued pursuant to a
resolution of the Board of Public Works publicly declare that only so
much of the State taxes provided for in this section shall be levied or
collected in the current year as shall be necessary to make up the
amount necessary to meet all payments of principal and interest due
on the said bonds or Certificates of Indebtedness in the preceding
year, after making allowance for collections in such year from the
proceeds of the payments into the Annuity Bond Fund which are
provided for in Section 9 8 of this Act, and from any previous levy
of the tax provided for in this section, and to meet all payments of
principal and interest due on said bonds or Certificates of Indebted-
ness in the current year after making allowance for estimated col-
lections in the current year from the proceeds of the payments into
the Annuity Bond Fund which are provided for in Section 9 8 of this
Act.

Any taxes collected to pay the principal of or interest on said bonds
or Certificates of Indebtedness, as hereinabove in this section pro-
vided, shall be paid over by the State Comptroller, on or before the
15th day of January of the year following the year in which such
taxes are collected, to the State Treasurer, to be credited to the
Annuity Bond Fund, for the payment of principal of and interest
on such bonds or Certificates of Indebtedness.