MARVIN MANDEL, Governor                        1125

Section 1. Be it enacted by the General Assembly of Maryland,
That Sections 36, 37, 38, and 39 of Article 19 of the Annotated Code
of Maryland (1966 Replacement Volume), title "Comptroller," sub-
title "Uniform System of Accounts," be and they are hereby re-
pealed and re-enacted, with amendments, to read as follows:

36.

Each county and each incorporated city or town and taxing dis-
trict within this State shall maintain the uniform system of finan-
cial reporting provided [for its grade] by the [State Fiscal Research
Bureau] Department of Fiscal Services.

37.

Each county, incorporated city or town and taxing district shall
[within one hundred and twenty (120) days] by the first day of
November after the close of the fiscal year file with the [Director of
the State Fiscal Research Bureau] Department of Fiscal Services,
its financial report covering the full period of that fiscal year. Such
report shall be properly filled in on the form or forms established
by the [State Fiscal Research Bureau] Department as provided in
this subtitle and shall be verified by the chief executive officer of
each county, incorporated city or town and taxing district.

38.

Should any county or any incorporated city or town or taxing
district situated within this State fail or refuse to adopt or to con-
tinue in use the uniform system of municipal financial reporting
applicable to it as provided in this subtitle, the Comptroller, after
notification by the Director of the [State Fiscal Research Bureau]
Department of Fiscal Services, of such failure or refusal shall be
authorized to order the discontinuance of payment of all funds,
grants or State aid which said county, incorporated city or town or
taxing district is entitled to receive under State law. This section
shall have specific reference to all funds, grants or State aid which
said county or incorporated city or town or taxing district is en-
titled to receive under applicable provisions of State law relating to
the income tax, the tax on racing, the recordation tax, the tax on
amusements and the license tax.

39.

Should any county or incorporated city or town or taxing district
situated within this State fail or refuse to file with the [Director of
the State Fiscal Research Bureau] Department of Fiscal Services,
within the time herein prescribed the financial report or reports as
provided in this subtitle, the Comptroller, acting upon the advice of
the Director of the [State Fiscal Research Bureau] Department,
shall be authorized to order the discontinuance of payment of all
funds, grants or State aids which said county, incorporated city or
town or taxing district is entitled to receive under State law. This
section shall have specific reference to all funds, grants, or State
aid which said county, incorporated city or town or taxing district
is entitled to receive under applicable provisions of State law relating
to the income tax. the tax on racing, the recordation tax, the tax on
amusements and the license tax.