1250 LAWS OF MARYLAND [CH. 793
the rate to be determined in the following manner: on or before
December 1, 1958, and on or before [December] May 1 in each
[calendar] year thereafter, the Board of Public Works shall certify
to the governing bodies of each of the Counties and Baltimore City
the rate of State tax on each $100 of assessable property necessary to
produce revenue to meet all interest and principal which will be
payable to the close of the next ensuing [calendar] taxable year on
all certificates theretofore issued or theretofore authorized by reso-
lution 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 rate; provided, the cost of paying
the principal and interest on bonds issued to pay the cost of capital
improvements for the Department of Maryland State Police and for
the Department of Motor Vehicles as set out herein shall be paid
from the fines and other receipts of the Department of Motor Vehi-
cles provided in Section 303 of Article 66½ of the Annotated Code
of Maryland (1957 Supp.), and the cost of debt service for bonds
issued for these purposes shall not be included by the Board of Pub-
lic Works in determining the tax rate under the provisions of this
Section unless the revenues 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 committed by this Act to the discretion of the Board of
Public Works shall be determined by a majority of said Board.
Chapter 100 of the Acts of 1958
8.
(g) 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, 1958, and on or before [December] May 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 en-
suing [calendar] taxable year on all bonds or Certificates of In-
debtedness 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 Balti-
more City shall forthwith levy and collect such tax at such rate.
Provided, however, that the levy or levies provided for in this
subsection (g) shall not be made and the said tax or taxes shall
not be collected in any year if before [December] May 1 of the
preceding year or before [December] May 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
|
|