J. MILLARD TAWES, GOVERNOR                               569

(h) In addition, there shall be and is hereby levied and imposed
an annual State tax on each one hundred dollars of assessable prop-
erty at a rate to be determined in the following manner; on or before
December 1, 1961, 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 of Baltimore City the
rate of State tax on each one hundred dollars of assessable property
necessary to produce revenue to meet all interest and principal, if
any, which will be payable to the close of the next ensuing calendar
year on all bonds or Certificates of Indebtedness theretofore issued,
or theretofore authorized by resolution of the Board of Public Works
to be issued, under provisions of this Section, and the governing
bodies of each of the Counties and Baltimore City shall forthwith
levy and collect such tax at such rate.

Provided, however, that the levy or levies provided for in this sub-
section (h) shall not be made and the said tax or taxes shall not be
collected in any year if before December 1 of the preceding year or
before December 1 of any succeeding year thereafter, the Board of
Public Works shall ascertain as a fact upon a certified statement
rendered to such Board by the State Comptroller that all payments
of principal and interest due and payable in that preceding year on
the bonds or Certificates of Indebtedness issued pursuant to this
Section have been paid and that funds sufficient to meet all payments
of principal and interest due and payable on such bonds in the said
current year have been received and set aside for that purpose in
the Annuity Bond Fund, from the proceeds of the tax imposed under
provisions of Section 288 (f) of Article 81 of the Annotated Code of
Maryland (1957 Edition, as amended), or from the payments into
the Annuity Bond Fund by the Maryland Port Authority required
by sub-section (g) hereof. Upon the ascertainment of such fact by
the Board of Public Works, the Governor shall, by proclamation
issued pursuant to resolution of the Board of Public Works, publicly
declare that the State taxes provided for in this sub-section (h)
shall not be levied or collected in the said current year.

Provided further, however, that the levy or levies provided under
this sub-section (h) to be made in any year shall be made only in part,
and the said tax or taxes shall be collected only in part, if before
December 1 of the preceding year, or before December 1 of any
succeeding year thereafter, the Board of Public Works shall ascertain
as a fact upon a certified statement rendered to such Board by the
State Comptroller that part but not all of the payments of principal
and interest due and payable in that preceding year on the bonds or
Certificates of Indebtedness issued pursuant to this Section have
been paid, or that part but not all of the funds required to meet all
payments of principal and interest due on such bonds or Certificates
of Indebtedness in the said current year have been received and set
aside for that purpose, from the proceeds of the tax imposed under
provisions of the said Section 288 (f) of Article 81, or from the
payments into the Annuity Bond Fund by the Maryland Port
Authority required by sub-section (g) hereof. In such event, and
upon the ascertainment of such fact by the Board of Public Works,
the Governor shall by proclamation issued pursuant to a resolution
of the Board of Public Works publicly declare that only so much of
the State taxes provided for in this Sub-section (h) shall be levied
or collected in the current year as shall be necessary to make up the
amount necessary to meet all payments of principal and interest due