446                             LAWS OF MARYLAND                     [CH. 162

WHICH WILL EXEMPT ANY SALE, OTHERWISE TAXABLE
UNDER THIS ACT, OF TANGIBLE PERSONAL PROPERTY TO
CONTRACTORS' OR BUILDERS TO BE USED FOR THE CON-
STRUCTION, REPAIR, OR ALTERATION OF REAL PROPERTY,
ON CONTRACTS ENTERED INTO PRIOR TO THE EFFECTIVE
DATE OF THIS ACT. THE REGULATIONS AUTHORIZED TO
BE ADOPTED UNDER THIS SECTION SHALL BE APPLICABLE
ONLY WITH RESPECT TO THE 1% INCREASE IN THE RATE
OF THE RETAIL SALES TAX WHICH BECOMES EFFECTIVE
JUNE 1, 1969.

Sec. 2 5. And be it further enacted, That this Act shall take effect
June 1, 1969.

Approved April 23, 1969.

CHAPTER 162
(Senate Bill 181)

AN ACT making appropriations for the support of the State Govern-
ment and for the aid of sundry schools and institutions and for
other purposes for the fiscal year ending June 30, 1970.

Section 1. Be it enacted by the General Assembly of Maryland,
That subject to the provisions hereinafter set forth and subject to
the Public General Laws of Maryland relating to the Budget pro-
cedure, the several amounts hereinafter specified, or so much thereof
as shall be sufficient to accomplish the purposes designated, are
hereby appropriated and authorized to be disbursed for salaries,
wages, technical and special fees and all other expenses for the de-
partments, boards, commissions and officers of the State, and to the
respective schools and institutions, and for the several purposes
specified for the fiscal year beginning July 1, 1969, and ending June
30, 1970, as hereinafter indicated.

PUBLIC DEBT

01.01.00.00 Redemption and Interest on State Bonds

Special Fund Appropriation for interest and
redemption on existing public debt of the
State including contingent interest on loans
authorized but not issued, excluding debt
service for the General Public School Con-
struction Loans and other loans not serviced
by real and personal property taxes .............. 34,502,894

PAYMENTS OF REVENUE TO CIVIL DIVISIONS OF THE STATE

02.01.00.00 Share of Franchise Tax on Ordinary Business
Corporations

To Baltimore City, the Counties and the In-
corporated Towns of the State: One-half of
the estimated receipts of the Corporation