Theodore R. McKeldin, Governor                    897

CRISFIELD LABORATORY: LAND-
SCAPING AND MISCELLANEOUS
SITE IMPROVEMENTS............................ 50,000

Total—University of Maryland.................................. 3,933,800

3,812,800

GRAND TOTAL.............................................................$13,545,800

$16,806,100

Sec. 6. And be it further enacted, That all unexpended funds re-
maining from completed projects authorized under this Act shall
be transferred to the Annuity Bond Fund and shall be applied to the
debt service requirements of the State, said transfer to be made one
year after the date of the final acceptance of the project by the State,
said date of final acceptance to be certified in writing to the Board
of Public Works by the Department of Public Improvements.

Sec. 7. And be it further enacted, That no department, board, com-
mission, agency or institution specified or named in this Act shall
begin any work with funds secured pursuant to the provisions of
this Act unless satisfactory assurances are made to the Board of
Public Works that the work described in the individual items in this
Act can be completed with the funds specified for each such item
respectively.

Sec. 8. And be it further enacted, That if any projects listed in
this Act shall not have been contracted for within two years from
the effective date of this Act, then such project shall be deemed to
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 au-
thorized herein shall not have been issued within two years from
the effective date of this Act, then the total issuable Certificates of
Indebtedness authorized herein shall be reduced by the amount
specified herein for said abandoned project.

Sec. 9. And be it further enacted, That until all of the interest on
and principal of any certificates issued under this Act have been
paid in full, there is hereby levied and imposed an annual State tax
on each $100 of assessable property at the rate to be determined in
the following manner: on or before December 1, 1957, 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 Baltimore City the rate of State tax on each $100 of
assessable property necessary to produce revenue to meet all interest
and principal which will be payable to the close of the next ensuing
calendar year on all certificates theretofore issued or theretofore
authorized by resolution of the Board of Public Works to be issued,
and the governing bodies of each of the Counties and Baltimore City
shall forthwith levy and collect such tax at such rate; PROVIDED,
THE COST OF PAYING THE PRINCIPAL AND INTEREST ON
BONDS ISSUED TO PAY THE COST OF CAPITAL IMPROVE-

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