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Session Laws, 1973, Special Session
Volume 710, Page 1408   View pdf image
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1408                                       LAWS OF MARYLAND                            [Ch. 4

improvement or rehabilitation of land or the
prevention of drainage from land occupied or degraded
by abandoned strip mines or deep mines which is owned
by the State of Maryland or by a political subdivision
of the State, or for the acquisition or improvement or
rehabilitation of private land or the prevention of
drainage from private land which is occupied or
degraded by abandoned mines to carry out the purposes
of this subheading; provided, however, that the
proceeds shall not be used to improve or rehabilitate
or prevent drainage from any land which is not owned
by the State of Maryland or by a political subdivision
of the State unless the owner of such land contributes
to the cost thereof an amount at least equal to the
increase in the value of such land which will result
therefrom, such amount or the manner of determining
such amount and the manner of payment thereof to be
determined by the Secretary.

(g) Annual tax levy to pay principal and
interest.—Until all of the interest on and principal
of any certificates issued under this section have
been paid in fall, 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, 1971, and on or before
May 1, in each taxable year thereafter, 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 certificates
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 Baltimore City
shall forthwith levy and collect such tax at such
rate.

All matters committed by this section to the
discretion of the Board of Public Works shall be
determined by a majority of said Board.

REVISOR'S NOTE: There is no reason to codify a
general obligation bond loan authorization.
These measures are seldom consulted by the public
and only infrequently by those directly concerned
with bond transactions. Most bond bills are

 

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Session Laws, 1973, Special Session
Volume 710, Page 1408   View pdf image
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