1122                                      LAWS OF MARYLAND                                Ch. 501

shall be approved by the Board of Public Works.

(f) The governing body of each of the counties in this State and the Mayor and
City Council of Baltimore are hereby authorized and empowered to enter into any
and all contracts or agreements required under the terms of this Act, or which may
be required by regulations duly promulgated by the State Department of Education
or the Board of Public Works pursuant to the provisions of this Act, any other
provisions of public general law or of public local law to the contrary
notwithstanding.

SECTION 6. AND BE IT FURTHER ENACTED, That all proceeds received
from the counties of this State which have been granted financial assistance under
the provisions of this Act and from the City of Baltimore if said City has been
granted financial assistance under this Act, under agreements signed with the
aforesaid counties or the aforesaid City, all as more particularly provided in
Section 5 of this Act, shall be deposited in an annuity bond fund by the State
Comptroller, such fund to be used only for the payment of the principal and
interest on any and all bonds issued by the State of Maryland pursuant to the
terms of this Act.

SECTION 7. AND BE IT FURTHER ENACTED, That until all of the
interest on and principal of any bonds issued under this Act shall have been paid in
full, there is hereby levied and imposed an annual State tax on each $100 of
assessable property at the rate to be determined in the following manner: On or
before May 1, 1974, and on or before May 1 in each taxable year hereafter, the
Board of Public Works shall certify to the governing bodies of each of the counties
and Baltimore City the rate of State tax on each $100 of assessable property
necessary to produce revenue to meet interest and principal which will be payable
to the close of the next ensuing taxable year on all bonds theretofore issued or
authorized by resolution of the Board of Public Works to be issued, and the
governing bodies of each of the counties and of Baltimore City shall forthwith levy
and collect such tax at such rate.

Provided, however, that the levy or levies required by this section shall not be
made and the tax or taxes shall not be collected in any year to the extent that, on
or before May 1, 1974, and that on or before May 1 of each taxable year
thereafter the Board of Public Works determines upon a certified statement
rendered to the Board by the State Comptroller that payment of principal and
interest on the bonds issued pursuant to this Act have been met during the current
year from the payments received from each of the counties and the City of
Baltimore, as more particularly provided in Section 5 of this Act. Upon, and to
the extent of, such determination by the Board of Public Works, the Governor
shall, by proclamation issued pursuant to a resolution of the Board of Public
Works, declare that the taxes required by this section shall not be collected or
levied in any such ensuing taxable year.

SECTION 8. AND BE IT FURTHER ENACTED, That all matters
committed by this Act to the discretion of the Board of Public Works shall be
determined by a majority of said Board.

SECTION 9. AND BE IT FURTHER ENACTED, That, if any portion
(word, sentence, paragraph, proviso or section) of this Act shall be held invalid for
any reason, the remaining provisions shall remain in full force and effect, and such
invalid portion shall be considered severed and deleted from this Act.

SECTION 10. AND BE IT FURTHER ENACTED, That this Act shall take
effect June 1, 1973.