SPIRO T. AGNEW, Governor                       729

the "State Roads Commission Future Rights of Way Revolving Fund
Loan of 1968" have been paid in full, the State Roads Commission
shall deposit annually in the State Annuity Bond Fund from its
Special Fund with the State Treasurer such amounts as shall be
necessary to maintain in said Annuity Bond Fund a sum equal to
the amount required to pay the principal of and the interest on
such of the said bonds as shall then be outstanding which will be-
come payable in the current fiscal year and in the next succeeding
fiscal year.

Sec. 7. And be it further enacted, That all proceeds received
from the State Roads Commission, under the provisions of Section
6 of this Act, shall be deposited by the State Comptroller in the
State Annuity Bond Fund to be used only for the payment of interest
and principal on any and all certificates issued by the State of
Maryland pursuant to the terms of this Act.

Sec. 8. 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 a rate to be determined in the
following manner: on or before May 1, 1969, and on or before May 1
in each 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 the 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 bonds
or Certificates of Indebtedness 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 May 1 of the preceding year or before May 1 of any
succeeding year thereafter the Board of Public Works shall ascer-
tain 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
issued pursuant to the terms of this Act have been met 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 re-
ceived and set aside for that purpose in the Annuity Bond Fund
from available special fund appropriation of the State Roads Com-
mission. 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.

Sec. 9. And be it further enacted, That all matters committed by
this Act to the discretion of the Board of Public Works shall be de-
termined by a majority of said Board.

Sec. 10. And be it further enacted, That Sections 206 and 207
of Article 89B of the Annotated Code of Maryland (1964 Replace-
ment Volume), title "State Roads," subtitle "Bonds, Notes or Other
Evidences of Indebtedness," be, and they are hereby repealed.