878                               LAWS OF MARYLAND                       [CH. 403

AND THE GOVERNING BODIES OF EACH OF THE COUNTIES
AND BALTIMORE CITY SHALL FORTHWITH LEVY AND
COLLECT SUCH TAX AT SUCH RATE.

PROVIDED, HOWEVER, THAT THE LEVY OR LEVIES PRO-
VIDED FOR IN THIS SECTION SHALL NOT BE MADE AND
THE SAID TAX OR TAXES SHALL NOT BE COLLECTED IN
ANY YEAR IF BEFORE MAY 1 OF THE PRECEDING YEAR
OR BEFORE MAY 1 OF ANY SUCCEEDING YEAR THERE-
AFTER, THE BOARD OF PUBLIC WORKS SHALL ASCERTAIN
AS A FACT UPON A CERTIFIED STATEMENT RENDERED
TO SUCH BOARD BY THE STATE COMPTROLLER THAT ALL
PAYMENTS OF PRINCIPAL AND INTEREST DUE AND PAY-
ABLE IN THAT PRECEDING YEAR ON THE BONDS OR
CERTIFICATES OF INDEBTEDNESS ISSUED PURSUANT TO
THIS SECTION HAVE BEEN PAID AND THAT FUNDS SUF-
FICIENT TO MEET ALL PAYMENTS OF PRINCIPAL AND
INTEREST DUE AND PAYABLE ON SUCH BONDS IN THE
FISCAL YEAR FOR WHICH THE TAX IMPOSED BY THIS
SECTION IS TO BE LEVIED HAVE BEEN RECEIVED AND SET
ASIDE FOR THAT PURPOSE IN THE ANNUITY BOND FUND,
FROM THE PROCEEDS OF THE TAX IMPOSED UNDER PRO-
VISIONS OF SECTION 278A OF ARTICLE 81 OF THE AN-
NOTATED CODE OF MARYLAND AS SET FORTH IN SECTION
10 OF THIS ACT. UPON THE ASCERTAINMENT OF SUCH
FACT BY THE BOARD OF PUBLIC WORKS, THE GOVERNOR
SHALL, BY PROCLAMATION ISSUED PURSUANT TO RESOLU-
TION OF THE BOARD OF PUBLIC WORKS, PUBLICLY DE-
CLARE THAT THE STATE TAXES PROVIDED FOR IN THIS
SECTION SHALL NOT BE LEVIED OR COLLECTED IN THE
SAID CURRENT YEAR.

PROVIDED, FURTHER, HOWEVER, THAT THE LEVY OR
LEVIES PROVIDED UNDER THIS SECTION TO BE MADE IN
ANY YEAR SHALL BE MADE ONLY IN PART, AND THE SAID
TAX OR TAXES SHALL BE COLLECTED ONLY IN PART, IF
BEFORE MAY 1 OF THE PRECEDING YEAR, OR BEFORE
MAY 1 OF ANY SUCCEEDING YEAR THEREAFTER, THE
BOARD OF PUBLIC WORKS SHALL ASCERTAIN AS A FACT
UPON A CERTIFIED STATEMENT RENDERED TO SUCH
BOARD BY THE STATE COMPTROLLER THAT PART BUT NOT
ALL OF THE PAYMENTS OF PRINCIPAL AND INTEREST
DUE AND PAYABLE IN THAT PRECEDING YEAR ON THE
BONDS OR CERTIFICATES OF INDEBTEDNESS ISSUED
PURSUANT TO THIS SECTION HAVE BEEN PAID, OR THAT
PART BUT NOT ALL OF THE FUNDS REQUIRED TO MEET
ALL PAYMENTS OF PRINCIPAL AND INTEREST DUE ON
SUCH BONDS OR CERTIFICATES OF INDEBTEDNESS IN
THAT FISCAL YEAR FOR WHICH THE TAX IMPOSED BY
THIS SECTION IS TO BE LEVIED HAVE BEEN RECEIVED
AND SET ASIDE FOR THAT PURPOSE, FROM THE PROCEEDS
OF THE TAX IMPOSED UNDER PROVISIONS OF THE SAID
SECTION 278A OF ARTICLE 81 AS SET FORTH IN SECTION
10 OF THIS ACT. IN SUCH EVENT, AND UPON THE ASCER-
TAINMENT OF SUCH FACT BY THE BOARD OF PUBLIC
WORKS, THE GOVERNOR SHALL BY PROCLAMATION IS-
SUED PURSUANT TO A RESOLUTION OF THE BOARD OF