1494                           LAWS OF MARYLAND                      [CH. 719

ties in which a sanitary district is located, shall execute and acknowl-
edge in a manner according to law, an agreement which shall specify:

1.  As to any municipal corporation, the amount of financial assist-
ance allowed, as provided herein, together with interest and carrying
charges, shall be deducted by the Comptroller of the Treasury from
funds due 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, and shall be so de-
ducted ratably within fourteen (14) years from the date of the
issuance of the certificates; and

2.  As to each county responsible for repayment of financial as-
sistance granted to a sanitary district under this act the amount of
financial assistance allowed, as provided herein, together with interest
and and carrying charges, shall be deducted by the Comptroller of
the Treasury from funds due said county, under applicable provisions
of state law relating to the tobacco tax, the corporation franchise
tax, and the tax on distilled spirits, and shall be so deducted ratably
within fourteen (14) years from the date of the issuance of the
certificates; and

3.  Such other terms and conditions as may be required by regula-
tion of the State Board of Health and Mental Hygiene and approved
by the Board of Public Works.

(g) The agreement described in subparagraph (f) of this sub-
section shall be signed on behalf of the State of Maryland by the
State Board of Health and Mental Hygiene, and shall be approved by
the Board of Public Works.

(h) The governing body of each of the counties and of each of
the municipal corporations in this State is hereby authorized and
empowered to enter into any and all contracts or agreements required
under the terms of this Act, or which may be required by regulations
duly promulgated by the State Department of Health and Mental
Hygiene with the approval of the Board of Public Works pursuant
to the provisions of this Act, any other provisions of public general
law or of public local law to the contrary notwithstanding.

SEC. 6. And be it further enacted, That all proceeds received from
the counties and municipal corporations of this State which have
been granted financial assistance under the provisions of this Act
under agreements signed with the aforesaid counties and municipal
corporations, all as more particularly provided in Section 5 of this
Act, shall be deposited in a reserve fund by the State Comptroller;
such reserve fund to be used only for the payment of the principal
and interest on any and all certificates issued by the State of
Maryland pursuant to the terms of this Act.

Sec. 7. And be it further enacted, That until all of the interest on
and principals of any certificates issued under this Act have been
paid in full, there is hereby levied and imposed an annual State tax
on each One Hundred Dollars ($100.00) of assessable property at
the rate to be determined in the following manner: On or before
December 1, 1963, and on or before December 1st of each calendar
year thereafter, the Board of Public Works certifies to the governing