1346                                             LAWS OF MARYLAND                          [Ch. 293

PURSUANT TO THIS ACT.

10.

That [if any project listed in Section 5 of this Act
shall not have been contracted for within two (2) years
from the effective date of this Act, then such project
shall be deemed to have been abandoned. If the total
loan authorized herein shall have been issued within two
(2) years from the effective date of this Act, then such
project shall be deemed to have been abandoned. If the
total loan authorized herein shall have been issued
within two (2) years from the effective date of this Act,
then the amount specified herein for said abandoned
project shall be transferred to the Annuity Bond Fund and
shall be applied to the debt service requirements of the
State. If, however, the total loan authorized herein
shall not have been issued within two (2) years from the
effective date of this Act, then the total issuable bonds
authorized herein shall be reduced by the amount
specified herein for said abandoned project], AFTER THE
EFFECTIVE DATE OF THE 1974 AMENDMENTS TO THIS SECTION, IF
ANY OF THE MONEY EXPENDED FOR AN ELIGIBLE PROJECT
HEREUNDER IS RECOVERED BY THE MARYLAND ENVIRONMENTAL
SERVICE, PURSUANT TO THE PROVISIONS OF ANY CONTRACT OR
OTHERWISE, THE MARYLAND ENVIRONMENTAL SERVICE SHALL
TRANSFER THIS MONEY PLUS ANY INTEREST EARNED THEREON, TO
THE COMPTROLLER OF THE STATE. THIS MONEY SHALL BE PAID
IMMEDIATELY TO THE TREASURER OF THE STATE, UPON WARRANT
OF THE COMPTROLLER, AND CREDITED UPON THE BOOKS OF THE
COMPTROLLER, TO BE EXPENDED FOR THE PURPOSES AND UNDER
THE CONDITIONS AND LIMITATIONS SET FORTH IN SECTION 5 OF
THIS ACT.

11.

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,
1973, 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 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