clear space clear space clear space white space
A
 r c h i v e s   o f   M a r y l a n d   O n l i n e
  Maryland State Archives | Index | Help | Search search for:
clear space
white space
Session Laws, 1965
Volume 676, Page 1292   View pdf image (33K)
 Jump to  
  << PREVIOUS  NEXT >>
clear space clear space clear space white space

1292                                 LAWS OF MARYLAND                          [CH. 809

tributed to 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.

2. There shall next be determined the total amount of State Debt

which could be serviced at prevailing Debt Service costs by the

amount allocable to each of the municipal corporations, as more spe-
cifically provided in the last preceding sentence of this subparagraph.

3. The amount of total State Debt allocable to each municipal

corporation, as provided in the last preceding sentence of this sub-
paragraph shall be the limit of Financial Assistance for each of the
municipal corporations applying for such assistance under the terms

of this Act.

4. The calculation more particularly outlined in this subparagraph
shall be made as of the date when the application for
financial assist-
ance made by any municipal corporation has been received by the

State Board of Health and Mental Hygiene.

(e) The amount of financial assistance granted to any Sanitary

District under the terms and conditions of this Act shall in no case

exceed an amount calculated as follows:

1. There shall first be determined and allocated to each county
responsible, as hereinafter provided for repayment of financial as-
sistance granted to a Sanitary District under this Act, an amount
equal to Ninety Per cent
(90%) of the total funds distributed to said
county under applicable provisions of State Law relating to the
tobacco tax, the corporation franchise tax, and the tax on distilled

spirits.

2. There shall next be determined the total amount of State Debt
which could be
serviced at prevailing Debt Service cost by the amount
allocable to each of the counties, as more specifically provided in the

last preceding sentence of this subparagraph.

3. The amount of total State Debt allocable to each of the counties,
as provided in the last
preceding sentence of this subparagraph, shall
be the limit of participation for each of the counties under the terms

of this Act.

A. The calculation more particularly outlined in this subparagraph
shall be made as of the date when the application for financial assist-

ance made by the County Sanitary District has been received by the

State Board of Health and Mental Hygiene.

(D) THE AMOUNT OF PARTICIPATION SHALL BE
LIMITED TO THE AMOUNT OF DEBT WHICH CAN BE
SERVICED BY 90% OF THE TAXES REFERRED TO IN SUB-
SECTION (E) OF THIS SECTION.

(f) (E) Before any request for financial assistance has been allowed
under this subtitle the municipal corporation, or the county or counties
in which a sanitary district is located, shall execute and acknowledge
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

 

clear space
clear space
white space

Please view image to verify text. To report an error, please contact us.
Session Laws, 1965
Volume 676, Page 1292   View pdf image (33K)
 Jump to  
  << PREVIOUS  NEXT >>


This web site is presented for reference purposes under the doctrine of fair use. When this material is used, in whole or in part, proper citation and credit must be attributed to the Maryland State Archives. PLEASE NOTE: The site may contain material from other sources which may be under copyright. Rights assessment, and full originating source citation, is the responsibility of the user.


Tell Us What You Think About the Maryland State Archives Website!



An Archives of Maryland electronic publication.
For information contact mdlegal@mdarchives.state.md.us.

©Copyright  October 11, 2023
Maryland State Archives