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Session Laws, 1961
Volume 654, Page 1272   View pdf image (33K)
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1272                             Laws of Maryland                       [Ch. 743

and paid over in the manner following, that is to say, at least sixty
days before the tax levying period of each year, the governing body
shall certify to the Commission the whole valuation of the assessable
property within each sanitary district. The Commission shall then
determine in the manner above prescribed the amount which it deems
necessary to be raised during the ensuing year for the payment of
interest and principal of all bonds maturing in said year, and after
deducting all amounts in hand or in contemplation applicable to pay-
ments of interest and principal on said bonds as hereinbefore and
hereinafter in this sub-title provided, it shall determine the number
of cents per $100.00 necessary to raise the said amount for each such
sanitary district and shall certify the same to the governing body.
The said governing body in their next annual levy shall levy said
tax on all land and improvements and all other property assessed
for county tax purposes within the respective sanitary district, which
tax shall be levied and collected and have the same priority rights,
bear the same interest and penalties and in every respect be treated
the same as county taxes. The tax so levied for the ensuing year
shall be collected by the respective tax collecting authorities and every
sixty days they shall remit the whole amount of the tax so collected
to the Commission. Prom the money so received, together with the
amount in hand to the credit of said bond fund, the Commission shall
first pay all interest and principal on said bonds as the same become
due, and shall then deposit the residue of said moneys in some bank
or banks in the County where said district is located to the joint
credit of the county and the Commission. The Commission is author-
ized to pay the interest on any bonds it may issue out of the proceeds
of the sale of said bonds, but not more than one year's interest may
be so expended.]

(a) In order to provide the District with funds to pay, in whole or
in part, the cost of any project or projects in a sub-district or to pay,
in whole or in part, the maturing principal of or interest on any
bonds issued by the District, pursuant to Section 534 of this sub-title,
for a project or projects in such sub-district, the County shall, when
requested by the Commission, levy annually upon all property subject
to unlimited County taxation in such sub-district an ad valorem tax
in rate and amount sufficient to provide such funds as may be needed
by the Commission for either or both of the foregoing purposes, the
annual rate of any such ad valorem tax to be determined, from year
to year, in the following manner.

(i) At least sixty days before the beginning of each fiscal year of
the County, the County Treasurer shall certify to the Commission
the amount of all uncollected assessments, charges or taxes, whether
or not delinquent, imposed or levied in the sub-district, which he
estimates he will be able to collect in the current or in the next en-
suing fiscal year of the County;

(ii) The Commission shall then determine and estimate the amounts
needed for expenditure on either or both of the foregoing purposes
and the total of the amounts available for such expenditure which
are on hand or which it may anticipate collecting to meet such ex-
penditure from special benefit assessments, water service charges,
sewer service charges, assessments in aid of construction, uncollected
accounts reported pursuant to sub-paragraph (i) above, or from any
other source;


 

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Session Laws, 1961
Volume 654, Page 1272   View pdf image (33K)
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