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Session Laws, 1959
Volume 642, Page 1239   View pdf image (33K)
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J. MILLARD TAWES, GOVERNOR                            1239

($100.00) of assessed valuation. The tax shall be levied notwith-
standing the fact that no interest may be due on any said bonds or
notes and/or nothwithstanding the fact that no bonds or notes what-
ever have been issued under this sub-title. Every sixty (60) days
the tax so levied and collected to date by the County shall be remit-
ted to the Commission. The remaining proceeds of the said seven
cent (7¢) tax,
AFTER PROVIDING FOR DEBT SERVICE ON
BONDS ISSUED, PURSUANT TO SECTIONS 44, 45 AND 48 OF
THIS SUB-TITLE may be used by the Commission within its discre-
tion for the debt service above referred to and/or for the purpose of
policing the several parks or other areas under its jurisdiction and/or
for the purpose of acquisition, development, beautification, or mainte-
nance of such parks and/or other areas and/or the establishment
therein of such playground and recreational facilities as the Com-
mission may determine.

(b)  Authorized in Prince George's County.The County Com-
missioners of Prince George's County is authorized to levy, collect,
and pay over to the Commission any or all of the taxes authorized
in sub-section (a) in like manner and upon the same basis as set
forth in sub-section (a), in which event all of the provisions of sub-
section (a) shall apply equally to both counties.

(c)  Required in Prince George's County.Of the seven cent (7c)
tax which the County Commissioners of Prince George's County is
authorized to levy in this sub-title, the said County Commissioners
is required and directed to levy, in each fiscal year beginning after
January 1, 1948, at least five cents (5c) on each one hundred dol-
lars ($100.00) of assessed value of all property subject to assess-
ment and taxation by the County Commissioners within that por-
tion of the Metropolitan District lying within Prince George's Coun-
ty. The tax shall be levied and paid over to the Commission in the
manner prescribed elsewhere in this sub-title. The proceeds of the
collection of said tax shall be applied primarily to the payment of
the principal and interest of any bonds or notes heretofore or here-
after issued by the Commission for the acquisition of park lands in
that portion of the Metropolitan District lying within Prince George's
County pursuant to the authority of this sub-title and within the
limitations on indebtedness prescribed in this sub-title. However,
the proceeds of the tax shall also be paid to the Commission not-
withstanding the fact that no principal or interest payments may
be due with respect to any such bonds or notes and notwithstanding
the fact that no such bonds or notes may be issued or outstanding
in any one fiscal year. It is the intent of this sub-section to pro-
vide the Commission with funds to finance the acquisition of park
lands within that portion of the Metropolitan District lying within
Prince George's County, either from current revenues or by the
issue of bonds or notes, and furthermore, to provide the Commission
with funds necessary for the maintenance, operation, and develop-
ment of park land so acquired.

(d)   Three cent tax authorized in Montgomery and Prince George's
Counties.
The County Council of Montgomery County and the
County Commissioners of Prince George's County are authorized in
their discretion to levy an ad valorem tax not exceeding three cents
(3c)
FIVE CENTS (5¢) annually, in addition to all other taxes now

 

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Session Laws, 1959
Volume 642, Page 1239   View pdf image (33K)
 Jump to  
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