SPIRO T. AGNEW, Governor                          817

State agencies or agencies of the Federal government, and it shall
make such other special studies, investigations, and reports as may
be directed by the General Assembly, the Legislative Council or the
Joint Committee on Budget and Audit.

(d)  The Division of Fiscal Research shall make continuing studies
of the operation, administration, personnel, and physical plants of all
departments, boards, bureaus, commissions, institutions, and other
agencies of the State government, and shall submit reports following
these studies as directed by the General Assembly, the Legislative
Council, or the Joint Committee on Budget and Audit.

(e)   The treasurer or other authorized financial officer of every
county, municipal or public corporation, special tax district, or
other political subdivision of this State, which is authorized to incur
any indebtedness redeemable from the proceeds of a general or spe-
cial tax or other levy, shall file with the Division of Fiscal Research,
at least once in each year, a comprehensive statement of the financial
condition of the county or other political subdivision. This statement
shall be in such form as prescribed by the Division of Fiscal Research
and shall disclose so much of the following information concerning
the financial condition of the county or other political subdivision
as may be applicable thereto:

(1)  the assessed valuation of all taxable and tangible property;

(2)  the total indebtedness, divided into (i) bonded indebtedness
redeemable from the proceeds of general and ad valorem taxes, (ii)
self-liquidating bonded indebtedness specifying the amount of the
indebtedness for each such self-liquidating project, and the source
of revenue for the liquidation of the indebtedness, (iii) temporary or
floating indebtedness, and/or obligations incurred in anticipation
of tax collections, (iv) current bills payable, and (v) any contingent
liabilities resulting from the guaranty of any of the obligations of
another political subdivision or public corporation of this State;

(3)  a statement as to any sinking funds maintained for the retire-
ment of any bonded indebtedness or other obligations showing the
amount thereof, how the funds are invested, and the obligations for
which the sinking funds are established;

(4) the amount of the tax levy for the fiscal year for which the
statement is made, together with the amount of the levy actually
collected, itemizing separately the amount of any special assessments
levied and the amount thereof collected;

(5)  the tax levies for the three fiscal years next preceding the
fiscal year for which the statement is made together with the amounts
of the uncollected taxes still outstanding for each such fiscal year;

(6)  the population according to the most recent Federal Census
together with any official or unofficial estimates of the population for
the year in which the statement is made; and

(7)  such other information with regard to the financial affairs
of the county or other political subdivisions as may seem to the
Division of Fiscal Research pertinent to any of the foregoing or as
may seem to the Division appropriate and necessary in order to show
accurately the true financial condition of the county or other political
subdivision.