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Session Laws, 1959
Volume 642, Page 139   View pdf image (33K)
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J. MILLARD TAWES, GOVERNOR                            139

sub-title "Taxes and County Treasurer", to follow immediately after
Section 467 (f) thereof, and to read as follows:

467.

(g) The budget shall show the surplus or deficit at the beginning
of the fiscal year and shall show an estimate of surplus or deficit for
the end of the current year. Any unappropriated surplus shall be
listed as working capital.

Sec. 2. And be it further enacted. That this Act shall take effect
June 1, 1959.

Approved March 3, 1959.

CHAPTER 122
(Senate Bill 168)

AN ACT to add Section 163A to Article 25 of the Annotated Code of
Maryland (1957 Edition), title "County Commissioners", sub-title
"Erosion", to follow immediately after Section 163 thereof, au-
thorizing the Board of County Commissioners or County Council
of any County to pay a portion of the cost of any erosion control
project within the County by the issue of bonds, notes or other
certificates of indebtedness, and the securing of the remainder of
the funds from either the State or Federal Governments and re-
lating generally to erosion control projects and to their financing.

Section 1. Be it enacted by the General Assembly of Maryland,
That Section 163A be and it is hereby added to Article 25 of the
Annotated Code of Maryland (1957 Edition), title "County Commis-
sioners", sub-title "Erosion", to follow immediately after Section 163
thereof, and to read as follows:

163A. In addition to and not in substitution for the other pro-
visions contained in this sub-title, the Board of County Commissioners
or County Council of any county is authorized and empowered in its
discretion to pay not more than twenty-five per centum (25%) of
the cost of any erosion control project within the county by the issue
of bonds, notes or other certificates of indebtedness. In such event,
the Board of County Commissioners or County Council is authorized
and empowered to accept from the State of Maryland or from the
Federal Government, or from any office, department, commission,
bureau or agency of either, any portion or all of the remaining
seventy-five per centum (75%) of the total cost of the project. Any
bonds, notes or other certificates of indebtedness issued under the
provisions of this section shall be issued as generally provided in this
sub-title, except they shall not be district obligations and payments
of principal and interest shall be met by a county-wide tax. Also, the
Board of County Commissioners or County Council shall not be

Explanation: Italics indicate new matter added to existing law.

[Brackets] indicate matter stricken from existing law.

CAPITALS indicate amendments to bill.

Strike out indicates matter stricken out of bill.

 

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Session Laws, 1959
Volume 642, Page 139   View pdf image (33K)
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