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Session Laws, 1965
Volume 676, Page 1264   View pdf image (33K)
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1264                            LAWS OF MARYLAND                      [CH. 793

Dollars ($100.00) 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 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 rate.

Provided, however, that the levy or levies provided for in this
section shall not be made and the said tax or taxes shall not be
collected in any year if before [January] May 1, [1964] 1966, and
before [the beginning] May 1 of each 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 payment
of principal and interest on the certificates issued pursuant to the
terms of this act have been met during the current year from the
payments received from each of the counties and the City of Balti-
more, as more particularly provided in Section 5 of this act. Upon
the ascertainment of such fact by the Board of Public Works, the
Governor shall, by proclamation issued pursuant to a resolution of
the Board of Public Works, publicly declare that the state taxes
provided for in this section shall not be collected or levied in any
such succeeding year.

Chapter 903 of the Acts of 1963
10.

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
December 1, 1963, 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 as set
out herein shall be paid from the fines and other receipts of the
Department of Motor Vehicles provided in Section 341 of Article
66½ of the Annotated Code of Maryland (1957 Edition), and the
cost of debt service for bonds issued for these purposes shall not
be included by the Board of Public 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.

 

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Session Laws, 1965
Volume 676, Page 1264   View pdf image (33K)
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