1808                             Laws of Maryland                       Ch. 642

whatsoever by the State of Maryland or by any of its political sub-
divisions, or by any town or incorporated municipality or by any
other public agency within the State of Maryland.

Sec. 9. And be it further enacted, That, the authority to borrow
money and issue bonds conferred on the County by this Act shall
be deemed to provide an additional and alternative authority for
borrowing money and shall be regarded as supplemental and addi-
tional to powers conferred upon the County by other laws and shall
not be regarded as in derogation of any power now existing; and
all Acts of the General Assembly of Maryland heretofore passed
authorizing the County to borrow money are hereby continued to
the extent that the powers contained in such Acts have not hereto-
fore been exercised, and nothing herein contained shall be con-
strued to impair, in any way whatsoever, the validity of any bonds
which may have been issued by the County under the authority of
any of said Acts, and the validity of said bonds is hereby ratified,
confirmed and approved. This Act, being necessary for the welfare
of the inhabitants of Prince George's County, shall be liberally con-
strued to effect the purposes hereof. All Acts and parts of Acts in-
consistent with the provisions of this Act are hereby repealed to
the extent of such inconsistency.

Sec. 10. And be it further enacted, That, this Act shall take effect
on the first day of June, 1970.

Approved May 5, 1970

CHAPTER 642
(House Bill 1359)

AN ACT to repeal and re-enact, with amendments, Section 12E(d)
of Article 81 of the Annotated Code of Maryland (1969 Replace-
ment Volume), title "Revenue and Taxes," subtitle "Scenic Ease-
ment Tax Credits"; to provide that in Prince George's County
easements and interests conveyed under this section may be per-
petual or for periods of not less than five years and to provide
further, that in Prince George's County an easement to any land
which lies within a flood plain shall be accepted by the Maryland-
National Capital Park and Planning Commission, and such land
shall be eligible for a tax credit of up to 100%.

Section 1. Be it enacted by the General Assembly of Maryland,
That Section 12E(d) of Article 81 of the Annotated Code of Mary-
land (1969 Replacement Volume), title "Revenue and Taxes," sub-
title "Method of Assessment," be and is hereby repealed and re-
enacted, with amendments, to read as follows:

12E(d).

Notwithstanding the provisions of subsection (c) of this section,
in Anne Arundel, Calvert, Charles, Frederick, Harford, Howard,
Montgomery, Prince George's, and St. Mary's counties, the tax credits
provided for herein may be in amounts up to 100% for different