Theodore R. McKeldin, Governor                   1597

issued or theretofore authorized by resolution of the Authority to be
issued, and the governing bodies of each of the Counties and Balti-
more City shall forthwith levy and collect such tax at such rate.

All matters committed by this Act to the discretion of the Board
of Public Works shall be determined by a majority of said Board.

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 collected
in any year if before December 1 of the preceding year and before
December 1 of every succeeding year thereafter the Board of Public
Works shall ascertain as a fact upon a certificate rendered to such
board by the Authority or the trustee under any trust indenture
securing market revenues for payment of said bonds that all pay-
ments of principal and interest due and payable in that preceding year
on the bonds 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 IN THE SINKING FUND PROVIDED BY SEC-
TION 11 OF THIS ACT, by the Authority or trustee under any trust
indenture securing market revenues for payment of said bonds. Upon
the ascertainment of such facts by the Board of Public Works, the
Governor shall by proclamation issued pursuant to resolution of the
Board of Public Works publicly declare that the State taxes provided
for in this section shall not be levied or collected for in said current
year. Provided further, however, that the levy or levies provided shall
be made only in part and the said tax or taxes shall be collected only
in part if before December 1 of the preceding year and before Decem-
ber 1 of any succeeding year thereafter the Board of Public Works
shall ascertain as a fact upon a certificate rendered to such board by
the Authority or the trustee under any trust indenture securing mar-
ket revenues for payment of said bonds that part but not all of the
payments of principal and interest due and payable in that preceding
year on the bonds issued pursuant to this Act have been paid; or that
part but not all of the funds required to meet all payments of princi-
pal and interest due on such bonds in the said current year have
been received AND SET ASIDE IN THE SINKING FUND by
the Authority or the trustee under any trust indenture securing
market revenues for payment of said bonds. In such event, and upon
the ascertainment of such facts 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 for
in said current year as shall be necessary to make up the remainder
of the amount necessary to meet all payments of principal and in-
terest due on the said bonds in that preceding year or in the said
current year, or both, as the case may be.

Any taxes collected to pay the principal of or interest on said bonds,
as hereinabove provided, 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 OR FOR THE ACCOUNT OF
the Authority or the trustee under any trust indenture securing mar-
ket revenues for payment of said bonds, upon a receipt of the Author-
ity and said trustee, if any, AND SAID TAXES SHALL BECOME
A PART OF THE SINKING FUND PROVIDED BY SECTION 11
OF THIS ACT FOR THE PAYMENT OF THE PRINCIPAL OF
AND INTEREST ON THE BONDS.