1172                            Laws of Maryland                      [Ch. 353

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 collection 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 Indebt-
edness 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
principal and interest payments due in that year (to the extent not
previously 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 pay-
ments. 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, however, that if the State Comptroller determines at any
time or from time to time that a portion thereof will not be required
for the payment 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 trans-
ferred to the Annuity Bond Fund and shall be applied to the debt
service requirements of the State.

Sec. 2. And be it further enacted, That new Section 11D be and
it is hereby added to Chapter 403 of the Acts of the General Assem-
bly of 1969, as amended by Chapter 4 of the Acts of the Special
Session of December 16, 1969, as amended and supplemented by
Chapter 702 of the Acts of 1970 and by Chapter 730 of the Acts of
1971, to follow immediately after Section 11C thereof, and to read
as follows:

11D.

That, for the fiscal year 1978, of the funds appropriated by Sec-
tion 5 of this Act, there shall be allocated (1) $13,000,000 of the
funds available for and to be used exclusively by the subdivisions
hereunder, and (2) $18,000,000 of the funds available for and to be
used exclusively by State agencies hereunder, to be allocated in the
following amounts for the following projects:

STATE PARKS

(1) PATAPSCO (Baltimore, Anne Arundel,
Howard and Carroll Counties);