44                               LAWS OF MARYLAND                        [CH. 18

SEC. 2. AND BE IT FURTHER ENACTED, THAT IF
THE UNAPPROPRIATED SURPLUS AS RECORDED IN THE
BOOKS AND ACCOUNTS OF THE COMPTROLLER OF THE
TREASURY AS OF JULY 1, 1965 EXCEEDS EIGHT MILLION
DOLLARS ($8,000,000), THE BOARD OF PUBLIC WORKS
SHALL DEDICATE ALL OR ANY PART OF SUCH REVENUES
IN EXCESS OF EIGHT MILLION DOLLARS ($8,000,000) TO A
REDUCTION OF THE STATE INCOME TAX IN SUCH RATES
OR IN SUCH PROPORTIONS AS THE BOARD OF PUBLIC
WORKS MAY DETERMINE.

THE RESOLUTION SHALL OPERATE DURING THE FISCAL
YEAR ENDING JUNE 30, 1966, TO REDUCE THE RATE OF
THE STATE INCOME TAX FOR THE INCOME TAXABLE
YEAR OF 1965. IMMEDIATELY UPON THE ADOPTION OF
SUCH A RESOLUTION BY THE BOARD OF PUBLIC WORKS,
THE GOVERNOR SHALL ISSUE A PROCLAMATION SETTING
FORTH THE AMOUNT OF THE REDUCTION IN THE STATE
INCOME TAX. NOTHING IN THIS SECTION APPLIES TO
DEDICATED FUNDS.

SEC. 3. AND BE IT FURTHER ENACTED, THAT THE
INCOME RECEIVED BY THE STATE FROM THE ADDITIONAL
TAX ON NET INCOME IMPOSED BY THIS ACT, TO THE EX-
TENT REQUIRED, SHALL BE USED TO DEFRAY THE ADDI-
TIONAL COST OF PUBLIC EDUCATIONAL PURPOSES AL-
LOWED BY THIS ACT.

Sec. 2. 4. And be it further enacted, That if any word, provision,
sentence, or other portion of this Act is declared by a court of com-
petent jurisdiction to be unconstitutional or invalid for any reason
the unconstitutionality or invalidity extends only to the particular
word, provision, sentence, or other portion of this Act; and to this
end the provisions of this Act are declared severable.

Sec. 3. 5. And be it further enacted, That this Act shall take effect
July 1, 1964.

Approved April 7, 1964.

CHAPTER 18
(Senate Bill 4)

AN ACT to repeal and re-enact with amendments Section 232(8) of
Article 81 of the Annotated Code of Maryland (1963 Supplement),
title "Revenue and Taxes," subtitle "State Department of Assess-
ments and Taxation," revising the laws relating to the duties of
the State Department of Assessments and Taxation with particular
respect to the responsibility for making assessments and reassess-
ments of assessable real property and relating generally to the
powers, procedures and requirements for the assessment and re-
assessment of real property in this State.

Section 1. Be it enacted by the General Assembly of Maryland,
That Section 232(8) of Article 81 of the Annotated Code of Maryland