SPIRO T. AGNEW, Governor 1413
more counties in the State and the City of Baltimore. No grant of
financial assistance is allowed until such grant has been finally rati-
fied and approved by the Board of Public Works, which certifies the
allocation of State funds to the Treasurer of the State, who makes
them available to the county or city when needed for construction of
the project. The decision of the Board of Public Works in this regard
is made in such form as the Board deems advisable and proper and it
is final and conclusive upon all parties concerned.
(c) The amount of financial assistance granted to any one or more
counties or to the City of Baltimore under the terms and conditions
of this act for any junior college project is determined by the sum
of Two Thousand Dollars ($2,000.00) times the proposed capacity
of the college in numbers of students, subject to the limitation that
State funds will not exceed the percentage as fixed in Section 221(2)
of Article 77 of the Annotated Code of Maryland (1957 Edition as
amended from time to time), or an amount not to exceed one-half
of the total construction cost of any junior college project, which-
ever is the greater amount.
(C) THE AMOUNT OF FINANCIAL ASSISTANCE GRANTED
TO ANY ONE OR MORE COUNTIES OR TO THE CITY OF
BALTIMORE UNDER THE TERMS AND CONDITIONS OF
THIS ACT FOR ANY COMMUNITY COLLEGE PROJECT SHALL
BE AN AMOUNT DETERMINED EITHER BY MULTIPLYING
THE TOTAL CONSTRUCTION COSTS, INCLUDING SITE
ACQUISITION, BY THE PERCENTAGE AS FIXED IN SECTION
221 (2) IN ARTICLE 77 OF THE ANNOTATED CODE OF
MARYLAND, (1957 EDITION AS AMENDED FROM TIME TO
TIME) OR BY AN AMOUNT NOT TO EXCEED ONE-HALF OF
THE TOTAL CONSTRUCTION COSTS INCLUDING SITE AC-
QUISITION, WHICHEVER IS THE GREATER AMOUNT, SUB-
JECT TO THE LIMITATION THAT WHERE THESE TOTAL
COSTS OF CONSTRUCTION AND/OR SITE ACQUISITION EX-
CEED $6,000.00 TIMES THE PROPOSED CAPACITY OF THE
COLLEGE IN NUMBER OF STUDENTS, THE STATE SHALL
NOT SHARE IN THAT PORTION OF THESE COSTS WHICH
ARE IN EXCESS OF $6,000.00 TIMES THE PROPOSED CA-
PACITY.
Sec. 6. And be it further enacted, That until all of the interest
on and principals of any certificates issued under this act are paid in
full, there is hereby levied and imposed an annual State tax on each
One Hundred Dollars ($100.00) of assessable property at the rate to
be determined in the following manner: On or before December 1,
1967, and on or before December 1st of each calendar MAY 1, 1968,
AND ON OR BEFORE MAY 1ST IN EACH TAXABLE year there-
after the Board of Public Works certifies to the governing bodies of
each of the counties and of Baltimore City the rate of State tax on
each One Hundred Dollars ($100.00) 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 calendar TAXABLE year
on all certificates theretofore issued or theretofore authorized by
resolution of the Board of Public Works to be issued, and the govern-
ing bodies of each of the counties and Baltimore City will forthwith
levy and collect such a tax at such a rate.
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