1022                           LAWS OF MARYLAND                      [CH. 409

two (2) years from the effective date of this Act, then such project
shall be deemed to have been abandoned. If the total loan authorized
herein shall have been issued within two (2) years from the effective
date of this Act, then the amount specified herein for said abandoned
project shall be transferred to the Annuity Bond Fund and shall be
applied to the debt service requirements of the State. If, however,
the total loan authorized herein shall not have been issued within
two (2) years from the effective date of this Act, then the total
issuable Certificates of Indebtedness authorized herein shall be re-
duced by the amount specified herein for said abandoned project.

Sec. 11. 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 the rate to be determined in
the following manner: on or before May 1, 1970, and on or before
May 1 in each taxable 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 prin-
cipal which will be payable to the close of the next ensuing taxable
year on all certificates theretofore issued or heretofore authorized
by resolution of the Board of Public Works to be issued and the gov-
erning bodies of each of the counties and Baltimore City shall forth-
with levy and collect such tax at such rate; provided the cost of pay-
ing the principal and interest on bonds issued to pay the cost of
capital improvements for the Department of Motor Vehicles and the
Department of Maryland State Police as set out herein shall be paid
from the fines and other receipts of the Department of Motor Vehi-
cles, notwithstanding the provisions of Section 341(d-3) of Article
66½ of the Annotated Code of Maryland (1967 Replacement Vol-
ume) and the cost of debt service for bonds issued for this purpose
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 prin-
cipal 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.

Sec. 12. And be it further enacted, That, except as otherwise
indicated herein, moneys derived from the sale of Certificates of
Indebtedness authorized by this Act shall be used only for capital
improvements and for no other purpose. In determining whether an
expenditure represents a capital improvement, the Board of Public
Works shall be guided by the principle that a capital improvement
is an improvement the useful l