exercise of the discretion vested in it by subparagraph (5) of this
section, the Commission shall approve the participation in a bond

issue requested by any such county as aforesaid, then all actions of

the Commission and the State Comptroller taken pursuant to sub-

paragraph (6) of this section shall be taken as though said share of

the Gasoline Tax Fund allocable to any such municipal corporation
is available to the extent required for its application debt service,
but nothing contained in this paragraph shall in any manner be
deemed to restrict the application of paragraph (e) of this section to

the excess of such share over the amount needed for annual debt

service nor shall anything contained in the section be construed

to require the Commission to see to the proper division of bond

proceeds between a county participating under this section and any
municipal corporation therein.

(viii) Notwithstanding any of the provisions of this section to

the contrary, the maximum amount of the bonds authorized by this

section which the Commission may issue in any fiscal year on behalf

of Dorchester County shall not be in excess of the face amount of
one hundred fifty thousand dollars ($150,000).

Sec. 2. And be it further enacted, That this Act shall take effect
July 1, 1969.

Approved May 14, 1969.

CHAPTER 768
(House Bill 1413)

AN ACT to authorize the County Commissioners of Carroll County,
in their discretion, to borrow Four Million Dollars ($4,000,000.00)
upon the faith and credit of said Carroll County for the purposes
of constructing and making improvements to public schools in
Carroll County, and to issue bonds therefor and to levy taxes to
pay the principal and interest of such bonds.

Section 1. Be it enacted by the General Assembly of Maryland,
That the County Commissioners of Carroll County, be, and they are
hereby authorized and empowered, in their discretion, to issue at one
time, or from time to time, upon the faith and credit of said County,
bonds in an amount or amounts not exceeding in the aggregate Four
Million Dollars ($4,000,000.00), for the purposes of constructing
and making improvements to public schools in Carroll County, and
to issue bonds therefor and to levy taxes to pay the principal and
interest of such bonds.

Sec. 2. And be it further enacted, That the County Commissioners
of Carroll County shall, when they exercise said discretion, by reso-
lution, prescribe the form and tenor of said bonds, the method and
manner of offering the same for sale and the rate of interest payable
thereon, or the method of arriving at such rate or rates of interest.
Said County Commissioners may fix said rate or rates of interest in
said resolution