1980                             Laws of Maryland                       Ch. 702

on the said bonds or Certificates of Indebtedness in the preceding
year, after making allowance for collections in such year from the
proceeds of the tax imposed under provisions of said Section 278A
and from any previous levy of the tax provided for in this section,
and to meet all payments of principal and interest due on said bonds
or Certificates of Indebtedness in the current year after making
allowance for estimated collections in the current year from the
proceeds of the tax imposed by said Section 278A.

Any taxes collected to pay the principal of or interest on said
bonds or Certificates of Indebtedness, as hereinabove in this section
provided, shall be credited by the State Comptroller, on or before
the 15th day of April of the year following the year in which such
taxes are collected, to a special fund account as provided for in
Section 10 in this Act, and as much as is required for the payment
of principal of and interest on such bonds or Certificates of Indebted-
ness shall be transferred to the Annuity Bond Fund.

Until all of the Bonds or Certificates of Indebtedness issued under
the provisions of this Act and the interest thereon, shall be paid or
provision of such payment shall be made, the proceeds of so much of
the tax on written instruments as imposed by Section 278A of
Article 81 of the Annotated Code of Maryland as set forth in Section
10 of this Act, received in each year as is required to make the prin-
cipal and interest payments due in that year (to the extent not pre-
viously set aside) and in the next succeeding year shall be set aside
by the State Comptroller and transferred to the Annuity Bond Fund
for the purpose of making such principal and interest payments. The
balance of the proceeds of such tax, if any, shall remain in the special
fund account on the books of the State Comptroller, provided, how-
ever, that if the State Comptroller determines at any time or from
time to time that a portion thereof will not be required for the pay-
ment of the principal of or interest on the Bonds or Certificates of
Indebtedness issued under the provisions of this Act, he shall certify
the amount of such portion, which shall thereby be made available
for the funding of projects for the acquisition and development of
recreation land and open space, as provided under "Program Open
Space." Any proceeds of such tax which may for any reason not be
expended or applied as herein provided, shall be transferred to the
Annuity Bond Fund and shall be applied to the debt service require-
ments of the State.

Sec. 2. And be it, further enacted, That new Sections 11 A, 11B and
11C AND 11B be and they are hereby added to Chapter 403 of the
Acts of the General Assembly of 1969, as amended by Chapter 4 of
the Acts of the Special Session of December 16, 1969, to follow im-
mediately after Section 11 thereof, and to read as follows:

11A.

That of the funds appropriated by Section 5(b) of this Act there

shall be expended in the Fiscal Year 1971 the sum of of $9,300,000 of

the funds available for and to be used exclusively by State agencies
hereunder, to be allocated in the following amounts for the follow-

ing projects as provided in Section 357E(a) of Article 66C, of the

Annotated Code of Maryland as amended from time to time.