J. MILLARD TAWES, GOVERNOR 1353
shall be transferred to the Annuity Bond Fund and shall be applied
to the debt service requirements of the State. If, however, the total
loan authorized herein shall not have been issued within two years
from the effective date of this Act, then the total issuable Certifi-
cates 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, 1959, 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 in-
terest and principal which will be payable to the close of the next
ensuing calendar year on all certificates theretofore issued or there-
tofore 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 improvements for the De-
partment of Maryland State Police as set out herein shall be paid
from the fines and other receipts of the Department of Motor Ve-
hicles provided in Section 341 of Article 66½ of the Annotated
Code of Maryland (1957 Edition), and the cost of debt service for
bonds issued for these purposes shall not be included by the Board
of Public Works in determining the tax rate under the provisions
of this Section unless the revenues from the fines and other receipts
of said Department of Motor Vehicles be insufficient to provide
necessary funds to pay the principal and interest on such bonds. THE
COST OF PAYING THE PRINCIPAL AND INTEREST ON
CERTIFICATES OF INDEBTEDNESS ISSUED UNDER THE
PROVISIONS OF THIS ACT AND USED TO PAY THE COST OF
CAPITAL IMPROVEMENTS FOR THE BENEFIT OF THE
WORKMEN'S COMPENSATION COMMISSION SHALL BE PAID
AS AN ADMINISTRATIVE EXPENSE OF THE WORKMEN'S
COMPENSATION COMMISSION; AND SUCH AMOUNTS, AS
DETERMINED BY THE BOARD OF PUBLIC WORKS FROM
TIME TO TIME, SHALL BE INCLUDED IN THE ANNUAL
OPERATING BUDGET OF THE COMMISSION.
All matters committed by this Act to the discretion of the Board
of Public Works shall be determined by a majority of said Board.
Sec. 10. And be it further enacted, That moneys derived from
the sale of Certificates of Indebtedness authorized by this Act shall
be used only for capital improvements and for no other purpose.
In determining whether an expenditure represents a capital im-
provement the Board of Public Works shall be guided by the prin-
ciple that a capital improvement is an improvement, the useful
life of which shall be at least equal to the life of the bonds or Certi-
ficates of Indebtedness by which it is financed.
SEC. 10A. AND BE IT FURTHER ENACTED, THAT SEC-
TION 5 OF CHAPTER 66 OF THE ACTS OF THE GENERAL
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