1698                             Laws of Maryland                       Ch. 585

the seven cent (7¢) tax authorized and directed to be levied in that
portion of the metropolitan district lying within Montgomery County
or from the proceeds of the five cent (5¢) tax authorized and directed
to be levied in that portion of the metropolitan district lying within
Prince George's County. In determining whether the commission
will be able to meet such obligation from the proceeds of such taxes,
the County Executive [council] or County Commissioners shall com-
pute the proceeds upon the assessable basis of those portions of the
metropolitan district lying within Montgomery or Prince George's
Counties, respectively, for the fiscal year in which such approval
is sought and upon the assumption that the entire tax levied will
be collected so long as any of the obligations to be incurred pursuant
to any such supplementary agreement are outstanding and unpaid.

(g) Manner of approval. The approval by the County Executive
and the County Council of Montgomery County may be given by
simple resolution of the County Council approved by the County
Executive and the approval [or] of the County Commissioners of
Prince George's County may be given by simple resolution authoriz-
ing, respectively, the [president of the council] County Executive or
County Commissioners to endorse the approval of Montgomery
County or Prince George's County on the supplementary agreement
and to execute a guarantee of any bonds to be issued pursuant
thereto in the manner prescribed by this Chapter.

1 (55) (70-66(a)) (59-60(a)). Net unexpended balances of tax
funds.

(a) When computed. At least thirty (30) days prior to the
ends of the fiscal years of Montgomery and Prince George's Coun-
ties, respectively, the commission shall certify and submit to the
appropriate fiscal officers of said counties the net unexpended
balances in the hands of the commission from monies received by
the commission from park taxes theretofore levied by such counties
respectively, as provided elsewhere in this Chapter. In Montgomery
County, the commission shall also furnish at the time requested by
the [council] County Executive an estimate of unexpended balances
as of the end of the County fiscal year as information for the tax levy
resolution.

1 (93) (70-101(d)) (59-95(d)). Administrative tax for commission.

(d) Procedure. The Montgomery County Council is and the
board of County Commissioners of Prince George's County are au-
thorized and directed to fix the amount of the administrative tax
authorized in this section on or before the 20th day of the month
immediately prior to the month in which the Commission's fiscal
year begins. [On or before the 5th day of said month prior to the
beginning of the Commission's fiscal year,] Prior to October 1st
of each calendar year, the commission shall submit to the County
Council and County Executive of Montgomery County and the Board
of County Commissioners of Prince George's County its preliminary
complete budget estimates for the forthcoming fiscal year along with
suitable statements in justification of the proposed ANTICIPATED
administrative budget and tax rate requested by the Commission.

Sec. 2. And be it further enacted, That this Act shall take effect
on December 7, 1970.

Approved May 5, 1970