J. MILLARD TAWES, Governor                     1119

THE STATE COLLEGES, THE UNIVERSITY OF MARYLAND,
MORGAN STATE COLLEGE, OR ST. MARY'S COLLEGE OF
MARYLAND FOR CAPITAL IMPROVEMENTS, WHICH GRANT
IS TO PAY A PORTION OF THE COST OF SUCH IMPROVE-
MENTS AS SET OUT IN THIS ACT FOR ANY OF THESE IN-
STITUTIONS, THEN THE STATE APPROPRIATION HEREIN
PROVIDED FOR ANY SUCH CAPITAL IMPROVEMENT IN
EACH INSTANCE SHALL BE REDUCED BY AN AMOUNT
EQUAL TO THE AMOUNT OF THE FEDERAL GRANT.

Sec. 9. And be it further enacted, That if any project listed in
Section 5 of this Act shall not have been contracted for within two
(2) years from the effective date of this Act, then such project shall
be deemed to have been abandoned. If the total loan authorized
herein shall have been issued within two (2) years from the effective
date of this Act, then the amount specified herein for said abandoned
project shall be transferred to the Annuity Bond Fund and shall be
applied to the debt service requirements of the State. If, however,
the total loan authorized herein shall not have been issued within
two (2) years from the effective date of this Act, then the total
issuable Certificates of Indebtedness authorized herein shall be re-
duced by the amount specified herein for said abandoned project.

Sec. 10. And be it further enacted, That until all of the interest
on and principal of any certificates issued under this Act have been
paid in full, there is hereby levied and imposed an annual State tax
on each $100 of assessable property at the rate to be determined in
the following manner: on or before May 1, 1966, and on or before
May 1, in each year thereafter, the Board of Public Works shall cer-
tify to the governing bodies of each of the Counties and Baltimore
City the rate of State tax on each $100 of assessable property neces-
sary to produce revenue to meet all interest and principal which will
be payable to the close of the next ensuing taxable year on all certifi-
cates theretofore issued or theretofore authorized by resolution of the
Board of Public Works to be issued and the governing bodies of each
of the Counties and Baltimore City shall forthwith levy and collect
such tax at such rater; PROVIDED, THE COST OF PAYING THE
PRINCIPAL AND INTEREST ON BONDS ISSUED TO PAY THE
COST OF CAPITAL IMPROVEMENTS FOR THE DEPARTMENT
OF MOTOR VEHICLES AS SET OUT HEREIN SHALL BE PAID
FROM THE FINES AND OTHER RECEIPTS OF THE DEPART-
MENT OF MOTOR VEHICLES, NOTWITHSTANDING THE
PROVISIONS OF SECTION 341 (D-3) OF ARTICLE 66½, OF THE
ANNOTATED CODE OF MARYLAND (1964 SUPPLEMENT)
AND THE COST OF DEBT SERVICE FOR BONDS ISSUED FOR
THIS PURPOSE SHALL NOT BE INCLUDED BY THE BOARD
OF PUBLIC WORKS IN DETERMINING THE TAX RATE UN-
DER THE PROVISION OF THIS SECTION UNLESS THE REVE-
NUES FROM THE FINES AND OTHER RECEIPTS OF SAID
DEPARTMENT OF MOTOR VEHICLES BE INSUFFICIENT TO
PROVIDE NECESSARY FUNDS TO PAY THE PRINCIPAL
AND INTEREST ON SUCH BONDS.

All matters committeed by this Act to the discretion of the Board
of Public Works shall be determined by a majority of said Board.

Sec 11. And be it further enacted, That, excepting funds herein