J. MILLARD TAWES, Governor                     1493

cost of the project as approved by the Board of Public Works for
loan purposes pursuant to this Act.

(d)   The amount of financial assistance granted to any munic-
ipal corporation under the terms and conditions of this Act shall in no
case exceed an amount calculated as follows:

1.  There shall first be determined and allocated to each municipal
corporation which applies for financial assistance under this Act an
amount equal to Ninety Percent (90%) of the total funds distributed
to said municipal corporation under applicable provisions of State
law relating to the income tax, the tax on amusements, the license
tax, and the corporation franchise tax.

2.  There shall next be determined the total amount of State Debt
which could be serviced at prevailing Debt Service costs by the
amount allocable to each of the municipal corporations, as more
specifically provided in the last preceding sentence of this subpara-
graph.

3.   The amount of total State Debt allocable to each municipal
corporation, as provided in the last preceding sentence of this sub-
paragraph shall be the limit of Financial Assistance for each of the
municipal corporations applying for such assistance under the terms
of this Act.

4.  The calculation more particularly outlined in this subparagraph
shall be made as of the date when the application for financial assist-
ance made by any municipal corporation has been received by the
State Board of Health and Mental Hygiene.

(e)   The amount of financial assistance granted to any Sanitary
District under the terms and conditions of this Act shall in no case
exceed an amount calculated as follows:

1.   There shall first be determined and allocated to each county
responsible, as hereinafter provided for repayment of financial
assistance granted to a Sanitary District under this Act, an amount
equal to Ninety Percent (90%) of the total funds distributed to said
county under applicable provisions of State law relating to the
tobacco tax, the corporation franchise tax, and the tax on distilled
spirits.

2.  There shall next be determined the total amount of State Debt
which could be serviced at prevailing Debt Service cost by the amount
allocable to each of the counties, as more specifically provided in the
last preceding sentence of this subparagraph.

3.  The amount of total State Debt allocable to each of the counties,
as provided in the last preceding sentence of this subparagraph, shall
be the limit of participation for each of the counties under the terms
of this Act.

4.   The calculation more particularly outlined in this subpara-
graph shall be made as of the date when the application for financial
assistance made by the County Sanitary District has been received
by the State Board of Health and mental hygiene.

(f) Before any request for financial assistance has been allowed
under this subtitle the municipal corporation, or the county or coun-